gérer comme avoirs sans contact

English translation: manage (treat) as dormant assets

18:27 Jun 28, 2020
French to English translations [PRO]
Bus/Financial - Accounting / Banking
French term or phrase: gérer comme avoirs sans contact
la Banque, après 10 ans , est tenue d’enregistrer les avoirs du client dans une base de données centralisée et de les gérer comme avoirs sans contact. Après un nouveau délai de cinquante ans les avoirs en déshérence donnent lieu à une publication et, au terme de ces formalités, les actifs sont transférés à la Confédération Les droits des Clients et de leurs successeurs sont préservés jusqu’au transfert à la Confédération
Yves Barry Ben
France
Local time: 02:27
English translation:manage (treat) as dormant assets
Explanation:
This should fit. See https://www.dormantaccounts.ch/narilo/#:~:text=As of 1 Janua...
"Dormant accounts" may also fit in most cases.
Selected response from:

Marco Solinas
Local time: 18:27
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +5manage (treat) as dormant assets
Marco Solinas
4 +2unclaimed accounts/funds
Matt Finizio
3manage as dormant assets
liz askew
3to manage as non-contact accounts
Lisa Rosengard


Discussion entries: 2





  

Answers


15 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +5
manage (treat) as dormant assets


Explanation:
This should fit. See https://www.dormantaccounts.ch/narilo/#:~:text=As of 1 Janua...
"Dormant accounts" may also fit in most cases.

Marco Solinas
Local time: 18:27
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 16
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Or unclaimed,or abandoned.
7 mins

agree  Gabriel Ferrero
32 mins

agree  SafeTex
3 hrs

agree  Yvonne Gallagher
16 hrs

agree  AllegroTrans
1 day 18 hrs
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19 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
manage as dormant assets


Explanation:
Commission on Dormant Assetsassets.publishing.service.gov.uk › attachment_data › filePDF
potentially dormant financial and non-financial assets. Its ambition ... Where it is not possible to reunite dormant assets with their rightful owners, there ... liquidity of the assets. More

liz askew
United Kingdom
Local time: 01:27
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20
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20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
unclaimed accounts/funds


Explanation:
These are accounts that have never been claimed (and those that have no legal person to inherit them). They must be treated a certain way under law.

Matt Finizio
United States
Local time: 21:27
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Francois Boye
1 hr

agree  Adrian MM.: then turn into 'bona vacantia' > avoirs en déshérence
1 day 1 hr
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6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
to manage as non-contact accounts


Explanation:
The information states that after ten years the bank must register the client's savings accounts or assets in a base of centralized donations and that the bank must manage them as non-contact accounts. After another delay of fifty years the assets are disinherited and, in formal terms can be transferred to the confederation of the preserved rights of clients and their successors until transfer to the confederation.
"La Banque, après dix ans, est tenue d'enregistrer les avoirs du client dans une base de données centralisées et de les gérer comme avoirs sans contact. Après un nouveau délai de cinquante ans les avoirs en déshérence donnent lieu à une publication, et, au terme de ces formalités, les actifs sont transférés à la Confédération les droits des Clients et de leurs successeeurs préservés jusqu'au transfer à la Confédération."

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Note added at 4 days (2020-07-02 23:10:29 GMT)
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A confederation is an organisation which consists of a number of groups united in an alliance or league, for instance ' a confederation of trade unions'. In the words of the source text "les actifs sont transférés à la Confédération" describes asset values which are transferred (passed along) to an organisation. The words of the source text " les droits des clients et de leurs successeurs préservés" tells that the rights of clients and those who follow are preserved (protected). The bank might not use the term 'non-contact accounts' but it's about customers' finances being organised without face to face negotiation (by phone, letter or internet). It can also be about on line banking or internet banking, which might be more important now.

Lisa Rosengard
United Kingdom
Local time: 01:27
Specializes in field
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: You have understood the concept, but "non-contact accounts" is not the term used by banks; "confederation of the preserved rights of clients" makes no sense whatsoever
2 days 26 mins
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