Glossary entry (derived from question below)
French term or phrase:
Refixation
English translation:
refix(ing)
Added to glossary by
Lindsey Sidebottom
Feb 12 16:37
3 mos ago
24 viewers *
French term
United Kingdom
20+ yrs Financial experience FR/ES > EN
Native in: English (Variants: British, UK) 
Works in: French to English, Spanish to English
Refixation
French to English
Bus/Financial
Accounting
Company accounts - Refixation
Can anybody help with the terms refixé and refixation?
"Avant le passage à la norme IFRS 9, le Groupe a refixé des dettes couvertes par des swaps receveur taux fixe payeur taux variable par la mise en place de swap inverses".
The heading in a section of the accounts in an annual financial report is "Swaps de refixation de la dette variabilisée".
I can't see anywhere that the terms refix and refixation are in use. Memsource/Phrase isn't keen on "variabilisation" either but I do think that exists, albeit with the US spelling.
Thanks in advance. This is my first time posting here, so apologies if I have the protocol wrong.
Lindsey
"Avant le passage à la norme IFRS 9, le Groupe a refixé des dettes couvertes par des swaps receveur taux fixe payeur taux variable par la mise en place de swap inverses".
The heading in a section of the accounts in an annual financial report is "Swaps de refixation de la dette variabilisée".
I can't see anywhere that the terms refix and refixation are in use. Memsource/Phrase isn't keen on "variabilisation" either but I do think that exists, albeit with the US spelling.
Thanks in advance. This is my first time posting here, so apologies if I have the protocol wrong.
Lindsey
Proposed translations
(English)
| 4 | refix(ing) |
philgoddard
|
| 4 | Rearrangement |
MassimoA
|
| 4 | Reset |
Francois Boye
|
| 4 | restructuring |
SafeTex
|
Proposed translations
11 mins
philgoddard
United States
United States
Native in English
Works in field
United States
Six languages into flawless English
Native in: English
Works in: German to English, French to English, Spanish to English, and 4 more.
Related KudoZ points
:
89
Selected
refix(ing)
The short term refixing amount reflects the nominal amount of debt and swaps for which interest rates have to be refixed within the next twelve months.
http://www.google.com/url?q=https://english.dsta.nl/subjects...
Other debt managers rely on the share of debt with floating rate and/or interest rate to be refixed in a given period.
http://www.google.com/url?q=https://www.imf.org/-/media/File...
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Note added at 15 mins (2024-02-12 16:52:59 GMT)
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So maybe 'the group refixed debt' and 'swaps refixing variable-rate debt'.
http://www.google.com/url?q=https://english.dsta.nl/subjects...
Other debt managers rely on the share of debt with floating rate and/or interest rate to be refixed in a given period.
http://www.google.com/url?q=https://www.imf.org/-/media/File...
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Note added at 15 mins (2024-02-12 16:52:59 GMT)
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So maybe 'the group refixed debt' and 'swaps refixing variable-rate debt'.
4 KudoZ points awarded for this answer.
Comment: "Thank you for your help."
1 day 5 hrs
Rearrangement
There is talk of settling debts. I saw that it can also be translated into English "Refixation".
3 hrs
Francois Boye
United States
United States
Native in French
United States
An economic geek with social skills
Native in: French
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
150
Reset
R
Reset Swap
An interest rate swap agreement with the floating rate payment based on the reference index rate at the end of the interest period rather than the rate at the start of the period. A floating rate receiver will prefer a reset swap when a rising yield curve (rising forward rate curve) implies higher rates in the future. Also called Arrears Swap, Back End Set Swap, LIBOR In-Arrears Swap, In-Arrears Swap (diagram).
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Note added at 2 days 4 hrs (2024-02-14 21:09:20 GMT)
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https://www.investopedia.com/terms/a/arrears_swap.asp
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Note added at 2 days 4 hrs (2024-02-14 21:16:25 GMT)
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The floating rate side of a vanilla swap, LIBOR, or another short-term rate, resets on each reset date. If the three-month LIBOR is the base rate, the floating rate payment under the swap occurs in three months, and then the then-current three-month LIBOR will determine the rate for the next period, three months in this example. For an arrears swap, the current period's rate sets in three months to cover the period just ended. The rate for the second three-month period sets six months into the contract, and so forth.
Reset Swap
An interest rate swap agreement with the floating rate payment based on the reference index rate at the end of the interest period rather than the rate at the start of the period. A floating rate receiver will prefer a reset swap when a rising yield curve (rising forward rate curve) implies higher rates in the future. Also called Arrears Swap, Back End Set Swap, LIBOR In-Arrears Swap, In-Arrears Swap (diagram).
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Note added at 2 days 4 hrs (2024-02-14 21:09:20 GMT)
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https://www.investopedia.com/terms/a/arrears_swap.asp
--------------------------------------------------
Note added at 2 days 4 hrs (2024-02-14 21:16:25 GMT)
--------------------------------------------------
The floating rate side of a vanilla swap, LIBOR, or another short-term rate, resets on each reset date. If the three-month LIBOR is the base rate, the floating rate payment under the swap occurs in three months, and then the then-current three-month LIBOR will determine the rate for the next period, three months in this example. For an arrears swap, the current period's rate sets in three months to cover the period just ended. The rate for the second three-month period sets six months into the contract, and so forth.
3 days 16 hrs
restructuring
The standard term is to "restructure debt" and the noun is most often "debt restructuring" although you do find "restructuration" as well
As you can't find the "refixation" in use, just go for the safest term and interpretation in this case
As you can't find the "refixation" in use, just go for the safest term and interpretation in this case
Reference:
https://www.investopedia.com/terms/d/debtrestructuring.asp
https://www.experian.com/blogs/ask-experian/what-is-debt-restructuring/
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