Jun 17, 2020 13:21
3 yrs ago
22 viewers *
English term

U.S. Government Securities Business Day

English to French Bus/Financial Finance (general) Interest rates
Context:

If no such rate is recommended within one U.S. Government Securities Business Day of the SOFR Index Cessation Event, then the rate for each day in a Calculation Period occurring on or after the SOFR Index Cessation Effective Date will be determined as if references to SOFR were references to OBFR, references to U.S.

Discussion

Germaine Jun 17, 2020:
U.S. Government Securities Business Day means any day except for Saturday, Sunday, or a day on which The Bond Market Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities.
https://www.lawinsider.com/dictionary/us-government-securiti...

Proposed translations

22 mins
Selected

jour ouvrable du marché des titres offerts par le gouvernement des Etats Unis

I don't understand why the whole expression is capitalized.

Government Securities Business Day means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association recommends that the fixed income department of its members be closed for the entire day for purposes of trading in U.S. government securities. References in this Security to U.S. dollars shall mean, as of any time, the coin or currency that is then legal tender for the payment of public and private debts in the United States of America.

https://www.investopedia.com/terms/g/governmentsecurity.asp
Peer comment(s):

neutral Germaine : On ne parle pas tant du marché (qui existe tous les jours) que de: ...un jour ouvrable de négociation des valeurs du [trésor][gouvernement] des États-Unis.
22 mins
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