Jan 6, 2007 23:08
17 yrs ago
6 viewers *
French term

3 mois majoré de 1%

French to English Bus/Financial Finance (general)
Les sommes mises à disposition des sociétés du Groupe seront rémunérées au taux Euribor 3 mois majoré de 1%.

Does this mean that a 1% Euribor rate increase applies after 3 months?

Discussion

blavatsky Jan 7, 2007:
My apologies Tegan

Proposed translations

+6
2 hrs
Selected

at 1% over the Eurobor 3-month rate

The Eurobor is a standard index. The "3-month" is just one of the rates quoted.

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Note added at 11 hrs (2007-01-07 10:44:25 GMT)
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As Jenny so rightly points out below, the official name is Euribor (R) — apologies for letting that slip by me!
Peer comment(s):

agree Raymonde Gagnier : That sounds a lot more like it!!!
10 mins
Thanks a lot, Rousselures!
agree blavatsky
1 hr
Thanks, Blavatsky!
agree danièle davout
5 hrs
Merci, Danièle !
agree cjohnstone
8 hrs
Thanks, Catherine! :-)
agree Jennifer Forbes : but it should be Euribor, not Eurobor, shouldn't it?
9 hrs
Thanks, Jenny! Oh, yes, indeed, you're quite right!
agree Rob Grayson : That's exactly it
13 hrs
Thanks a lot, Rob!
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4 KudoZ points awarded for this answer. Comment: "thanks, makes perfect sense now"
1 hr

3 month rate increased by 1&

There are different rates depending on the term you choose, 3, 6, 12 months ot whatever... The month term rate

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Note added at 1 hr (2007-01-07 00:53:24 GMT)
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Should have been the 3 month term rate...

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Note added at 2 hrs (2007-01-07 01:23:57 GMT)
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Also should have been 1%... tired fingers...
Peer comment(s):

agree Tony M : Your basic idea is fine, though I don't think that "increased by..." is particularly idiomatic. // Might be OK for US, but not (AFAIK) for the UK)
25 mins
How about "up 1%" ...
disagree rkillings : It would have to be "increased by one percentage point" -- not the same as increased by 1%!
2 days 4 hrs
I think Tony has the best answer!
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+2
2 days 6 hrs

at 3-month Euribor +1%

Or write out "plus", but leave out "rate". This is the way it would most likely appear in English.
Euribor IS a rate!
Peer comment(s):

agree Tony M : That would certainly be slicker, to fit in with a US-style document
3 hrs
agree Gina W
3 days 19 hrs
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