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Refixation

English translation: refix(ing)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:Refixation
English translation:refix(ing)
Entered by: Lindsey Sidebottom

16:37 Feb 12, 2024
French to English translations [PRO]
Bus/Financial - Accounting / Company accounts - Refixation
French term or phrase: 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
Lindsey Sidebottom
United Kingdom
Local time: 04:48
refix(ing)
Explanation:
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'.
Selected response from:

philgoddard
United States
Grading comment
Thank you for your help.
4 KudoZ points were awarded for this answer



Summary of answers provided
4refix(ing)
philgoddard
4Rearrangement
MassimoA
4Reset
Francois Boye
4restructuring
SafeTex


  

Answers


11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
refix(ing)


Explanation:
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...



--------------------------------------------------
Note added at 15 mins (2024-02-12 16:52:59 GMT)
--------------------------------------------------

So maybe 'the group refixed debt' and 'swaps refixing variable-rate debt'.

philgoddard
United States
Works in field
Native speaker of: English
PRO pts in category: 89
Grading comment
Thank you for your help.

Peer comments on this answer (and responses from the answerer)
neutral  Francois Boye: Swaps are reset, not refixed.// when swaps are reset, interest rates change and affect the debt service.
3 hrs
  -> You haven't read the context properly. It says debt, not swaps.
neutral  Daryo: "'swaps used for the purpose of turning variable-rate debt into fixed-rate debt' is the right idea, but there's no point translating only one word - this whole title is one term.
3 days 14 hrs
  -> The question is one word, 'refixation'.
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1 day 5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Rearrangement


Explanation:
There is talk of settling debts. I saw that it can also be translated into English "Refixation".

MassimoA
Italy
Local time: 05:48
Native speaker of: Native in ItalianItalian
PRO pts in category: 4
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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Reset


Explanation:
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.

Francois Boye
United States
Local time: 23:48
Native speaker of: Native in FrenchFrench
PRO pts in category: 150
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3 days 16 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
restructuring


Explanation:
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


    https://www.investopedia.com/terms/d/debtrestructuring.asp
    https://www.experian.com/blogs/ask-experian/what-is-debt-restructuring/
SafeTex
France
Local time: 05:48
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
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