reports d’échéances gratuits en intérêts

English translation: interest-free payment holidays

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

French term or phrase:	reports d’échéances gratuits en intérêts
English translation:	interest-free payment holidays
Entered by:	David Howard

10:28 Jan 29, 2021

French to English translations [PRO]
Bus/Financial - Finance (general) / Consumer credit

French term or phrase: reports d’échéances gratuits en intérêts

Hi all,

As with my previous question, this is from a report on consumer credit.

Toutefois, nous avons été très présents auprès de nos clients particuliers et professionnels pour les accompagner au cas par cas, en prenant le temps de faire le point sur leur situation afin de leur proposer la meilleure solution face aux éventuelles difficultés liées à la crise. Ces solutions se sont matérialisées par l’octroi sélectif de **reports d’échéances gratuits en intérêts**, et de réaménagements de créances quand la situation financière semblait structurellement dégradée. Les retours au paiement après cette vague de reports octroyés sont à ce jour supérieurs à...

Thanks for your help,
David

David Howard KudoZ activity Questions: 159 (4 open) (3 without valid answers) (11 closed without grading) Answers: 26 United Kingdom
Local time: 23:11

interest-free payment holidays

Explanation:

I've got a similar option with a credit facility that I have in France.

Coronavirus And Your Money: How Companies Can Help - CredAbilitycredability.co.uk › your-world › cor...
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***Interest-free payment holidays*** are only for payday and high cost, short-term loans, because they tend to last for a much shorter period and cost more than other ...

Here's how you can delay your car finance payments and ...www.ballymenatimes.com › ... › Cars
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Payday loan and motor finance payment freezes proposedwww.choose.co.uk › Money › News
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20 avr. 2020 — One-month ***interest-free payment holidays*** are also being proposed for payday lending customers, while rent-to-own (RTO), buy-now-pay-later ...

Banks' Response to Demand for Cash in COVID-19 Crisiswww.simon-kucher.com › blog › ca...
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27 mars 2020 — Governors are also asking banks to consider 90-day ***interest free payment holidays*** to help consumers in the near term. Certainly, there is a ...

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Note added at 5 hrs (2021-01-29 16:06:29 GMT)
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Mortgage payment holiday, HSBC no less:

https://www.hsbc.co.uk/mortgages/what-is-a-payment-holiday/

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Note added at 6 hrs (2021-01-29 16:29:38 GMT)
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MBNA likes "interest-free" and "payment holidays" too:

Coronavirus | Wellbeing | MBNAwww.mbna.co.uk › ... › Coronavirus
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... their money, such as mortgage ***payment holidays***, ***interest-free*** overdraft buffers

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Note added at 6 hrs (2021-01-29 16:32:24 GMT)
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INTEREST-FREE PAYMENT DEFERRALS

The Wall Street journal likes "interest-free payment deferrals":

Insurers Are Giving Consumers a Break Amid Pandemic - WSJwww.wsj.com › articles › insurers-ar...· Traduire cette page
14 mai 2020 — ... fees and offering flexible payment solutions, such as changing the frequency of payments, or ***interest-free payment deferrals*** for up to a year.

(Need I go on?)

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Note added at 8 hrs (2021-01-29 18:55:12 GMT)
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(Maybe I do need to go on.)

Payment holidays or deferrals, Sofinco, NOT interest-free, so "gratuits en intérêts" is NOT stated...clearer now?

"Le report d’échéance, appelé dans certains cas prorogation, est la possibilité donnée à un emprunteur de reporter le paiement d’une mensualité de crédit."

https://www.sofinco.fr/lexique-credit/report-d-echeance.html...

Selected response from:

Conor McAuley
France
Local time: 00:11

Grading comment

Thank you Conor. This was the most accurate/idiomatic solution.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +4

interest-free payment holidays

Conor McAuley

3 +4

interest free postponements (of repayment deadlines)

mrrafe

4 -2

extension of due dates of maturities . complementary interests

Shukla Dutta

Discussion entries: 1

Answers

15 mins confidence:

peer agreement (net): +4

interest free postponements (of repayment deadlines)

Explanation:
https://www.fool.com/the-ascent/credit-cards/what-is-deferre...

mrrafe
United States
Local time: 18:11
Works in field
Native speaker of:

English

1 hr confidence:

peer agreement (net): -2

extension of due dates of maturities . complementary interests

Explanation:
Postponements or deferrals (reports) of maturities (d’échéances in a sense due date). Complementary (gratuits) interests or shares.

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Note added at 6 hrs (2021-01-29 17:10:37 GMT)
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Interest free deferral of payment

Example sentence(s):

postponements of maturities complementary interest

https://iate.europa.eu/

Shukla Dutta
Works in field
Native speaker of:

English

28 mins confidence:

peer agreement (net): +4

interest-free payment holidays

Conor McAuley
France
Local time: 00:11
Specializes in field
Native speaker of: English
PRO pts in category: 127

Grading comment

Thank you Conor. This was the most accurate/idiomatic solution.

Peer comments on this answer (and responses from the answerer)

agree

Adrian MM.: 'No interest' Sharia law rules, OK. https://www.proz.com/kudoz/english-to-french/finance-general...

1 hr

-> I don't think it's necessarily anything to do with Sharia law, but thanks!

agree

AllegroTrans: Yes, but nothing whatever to do with Sharia law, Adrian

4 hrs

-> Thanks AT! I believe that no interest is charged under Islamic law, but it's not relevant here.

neutral

Francois Boye: 'DUE interest payments' to capture the concept of 'échéance'//But you have to translate 'échéance'

5 hrs

-> I think that interest is necessarily due, in the context of repayments. / You have to translate the translation unit as a whole, idiomatically. Otherwise you end up with "interest-free postponements of payment dates", actually not so awful!

agree

Steve Robbie: Sounds right to me and seems like a good fit tonally with the source.

7 hrs

-> Thanks Steve!

neutral

mrrafe: Depending on the agreement, interest may not start to accrue until the end (vs. start) of the forbearance period, Francois. So "due" is ambiguous: does it mean only accrue without a present payment obligation? Also I think "holiday" is disfavored in USA

7 hrs

-> Interest due later on? "gratuits en intérêts" seems crystal clear unless there's small print. EN US: "holiday" is used by MBNA, a US company, albeit on its UK website, also see my WSJ ref., "interest-free payment deferrals".

agree

Gordon Matthews: Yes, but "deferrals" would be my choice, rather than "holidays".

1 day 28 mins

-> Thanks Gordon!

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English translation: interest-free payment holidays

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