jetons détenus

English translation: tokens held

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:jetons détenus
English translation:tokens held
Entered by: SafeTex

11:12 Aug 30, 2020
French to English translations [PRO]
Bus/Financial - Accounting / Instruments financiers à terme et jetons détenus
French term or phrase: jetons détenus
Bonjour à tous,

Dans un bilan comptable (du français vers l'anglais), comment traduiriez-vous "instruments financiers à terme et jetons détenus" ?

J'ai trouvé "Forward financial instruments" mais pas la deuxième partie.

Je vous remercie.
Marion Gillet (X)
France
Local time: 12:50
tokens held
Explanation:
Certainly a reference to the new type of "bitcoins". Probably a DeFi token of some sort (don't ask me what this means)
Selected response from:

SafeTex
France
Local time: 12:50
Grading comment
Thank you for your help!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1tokens held
SafeTex
Summary of reference entries provided
Cryptoassets
Althea Draper

  

Answers


9 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
tokens held


Explanation:
Certainly a reference to the new type of "bitcoins". Probably a DeFi token of some sort (don't ask me what this means)


    https://cointelegraph.com/news/the-defi-craze-continues-as-exchanges-rush-to-list-popular-tokens
    https://coinmarketcap.com/defi/
SafeTex
France
Local time: 12:50
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
Grading comment
Thank you for your help!

Peer comments on this answer (and responses from the answerer)
agree  philgoddard
1 hr
  -> Thanks Philgoddard
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Reference comments


9 hrs peer agreement (net): +1
Reference: Cryptoassets

Reference information:
From the FCA guidance:-
"In line with the Taskforce, we have categorised cryptoassets into three types of tokens;
• Exchange tokens: these are not issued or backed by any central authority and are intended and designed to be used as a means of exchange. They are, usually, a decentralised tool for buying and selling goods and services without traditional intermediaries. These tokens are usually outside the perimeter.
• Security tokens: these are tokens with specific characteristics that mean they meet the definition of a Specified Investment like a share or a debt instrument (described in more detail in Chapter 3) as set out in the RAO, and are within the perimeter.
• Utility tokens: these tokens grant holders access to a current or prospective product or service but do not grant holders rights that are the same as those granted by Specified Investments. Although utility tokens are not Specified Investments, they might meet the definition of e-money in certain circumstances (as could other tokens), in which case activities in relation to them may be within the perimeter."

Also, from KPMG along with other info on accounting issues regarding tokens:-
"In the case of Bitcoin, we believe what has been tokenized is an intangible asset (a specific number of units of Bitcoin), because ownership does not come with any other rights and obligations. In contrast, other cryptoassets, such as tokens or coins in an initial coin offering, may convey specific utility or financial characteristics, such as rights to goods or services or a share of profits of a company or project. In each case, we believe the accounting should follow the rights and obligations conveyed. Issuers and holders of cryptoassets should carefully evaluate the specific characteristics of the asset to determine the appropriate accounting. "

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Note added at 10 hrs (2020-08-30 21:49:38 GMT)
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Note that in the classification of tokens in French accounting procedures, not all tokens are included in the 'jetons détenus' - (a bit like the piece in the KPMG link)
see section 3.3.1 in https://www.melinon-avocat.com/index.php/2019/11/18/comment-...


    https://www.fca.org.uk/publication/consultation/cp19-03.pdf
    https://home.kpmg/us/en/home/insights/2018/11/accounting-financial-reporting.html
Althea Draper
United Kingdom
Native speaker of: Native in EnglishEnglish
Note to reference poster
Asker: Thank you :-)


Peer comments on this reference comment (and responses from the reference poster)
agree  SafeTex
13 hrs
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