taux de fuite

English translation: run-off rate

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:taux de fuite
English translation:run-off rate
Entered by: Pauline Teale

07:50 Aug 18, 2017
French to English translations [PRO]
Bus/Financial - Finance (general) / Banking
French term or phrase: taux de fuite
"Les passifs se voient appliquer à tort un taux de fuite de 100% au lieu de 40%, ce qui conduit à une surestimation des sorties de trésorerie de €xxx".
Is this "run-off rate"? It's in a financial report and while I know "taux de fuite" would mean "leak rate" or "leakage rate" in a technical context, that's not the right term in a banking context, and it's not just "outflow rate" as "sorties de trésorerie" are cash outflows. TIA.
Pauline Teale
United Kingdom
Local time: 19:27
run-off rate
Explanation:
It's got to do with Basel III requirements

taux de fuite des passifs d'une institution financière [banque etc.]

see pages 39 and 40 in
https://www.abef-dz.org/abef/sites/default/files/1.pdf


2. Run-off rates

This is where most of the action is. The LCR proposal assigns run-off rates to each source of funding, which are designed to simulate a severe stress scenario. A run-off rate ***just reflects the amount of funding maturing in the 30-day window that won't roll over***. I don't have the space to list all of the run-off rates — there's a handy table on pg. 32 of the consultative document, although some of the run-off rates were amended by last month's Annex. Here are the most important run-off rates (as amended by the Annex):
...
http://economicsofcontempt.blogspot.co.uk/2010/08/basel-iii-...


78. Criteria for applying 3% run-off rate (LCR, Basel III)

Definition
Jurisdictions may choose to apply a run-off rate of 3% to stable deposits in their jurisdiction, if they meet the above stable deposit criteria and the following additional criteria for deposit insurance schemes:(35)
the insurance scheme is based on a system of prefunding via the periodic collection of levies on banks with insured deposits;(36)
the scheme has adequate means of ensuring ready access to additional funding in the event of a large call on its reserves, eg an explicit and legally binding guarantee from the government, or a standing authority to borrow from the government; and
access to insured deposits is available to depositors in a short period of time once the deposit insurance scheme is triggered.(37)

Jurisdictions applying the 3% run-off rate to stable deposits with deposit insurance arrangements that meet the above criteria should be able to provide evidence of run-off rates for stable deposits within the banking system below 3% during any periods of stress experienced that are consistent with the conditions within the LCR.

http://www.lewik.org/term/11841/78-criteria-for-applying-3-r...


Selected response from:

Daryo
United Kingdom
Local time: 19:27
Grading comment
Thank you, all, for your help in confirming my initial thoughts.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +3run-off rate
Daryo
5 +1run-off rate
Alberto Bertelli
4 -2rate of capital flight
Anne Maclennan


Discussion entries: 6





  

Answers


14 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -2
rate of capital flight


Explanation:
Fuite des capitaux translates as capital flight. As this is a financial context, then this would cover the idea of 'leakage', which is not the right word in the context.


    Reference: http://dictionnaire.reverso.net/anglais-francais/capital%20f...
Anne Maclennan
Local time: 20:27
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
disagree  Rob Grayson: Nope. Capital flight is an economic term, not a banking one. It's about the rapid exodus of capital from a country, not a bank or type of account.
44 mins

disagree  Daryo: a very good example of why just a dictionary is VERY FAR from being enough for specialised terms. Fits in this context like a whole collection of weird shapes in a simple round hole.
1 hr
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2 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +3
taux de fuite [des passifs d'une institution financière]
run-off rate


Explanation:
It's got to do with Basel III requirements

taux de fuite des passifs d'une institution financière [banque etc.]

see pages 39 and 40 in
https://www.abef-dz.org/abef/sites/default/files/1.pdf


2. Run-off rates

This is where most of the action is. The LCR proposal assigns run-off rates to each source of funding, which are designed to simulate a severe stress scenario. A run-off rate ***just reflects the amount of funding maturing in the 30-day window that won't roll over***. I don't have the space to list all of the run-off rates — there's a handy table on pg. 32 of the consultative document, although some of the run-off rates were amended by last month's Annex. Here are the most important run-off rates (as amended by the Annex):
...
http://economicsofcontempt.blogspot.co.uk/2010/08/basel-iii-...


78. Criteria for applying 3% run-off rate (LCR, Basel III)

Definition
Jurisdictions may choose to apply a run-off rate of 3% to stable deposits in their jurisdiction, if they meet the above stable deposit criteria and the following additional criteria for deposit insurance schemes:(35)
the insurance scheme is based on a system of prefunding via the periodic collection of levies on banks with insured deposits;(36)
the scheme has adequate means of ensuring ready access to additional funding in the event of a large call on its reserves, eg an explicit and legally binding guarantee from the government, or a standing authority to borrow from the government; and
access to insured deposits is available to depositors in a short period of time once the deposit insurance scheme is triggered.(37)

Jurisdictions applying the 3% run-off rate to stable deposits with deposit insurance arrangements that meet the above criteria should be able to provide evidence of run-off rates for stable deposits within the banking system below 3% during any periods of stress experienced that are consistent with the conditions within the LCR.

http://www.lewik.org/term/11841/78-criteria-for-applying-3-r...




Daryo
United Kingdom
Local time: 19:27
Specializes in field
Native speaker of: Native in SerbianSerbian, Native in FrenchFrench
PRO pts in category: 191
Grading comment
Thank you, all, for your help in confirming my initial thoughts.

Peer comments on this answer (and responses from the answerer)
agree  Rob Grayson: Aha, bingo
13 mins
  -> Thanks!

agree  Alberto Bertelli: Totally agree. Sorry, I didn't see that you posted the same answer
13 mins
  -> Happens. Thanks!

agree  nweatherdon
4 hrs
  -> Merci!
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2 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
run-off rate


Explanation:
According to the Basel Committee on Banking Supervision:

"The run-off rates for retail deposits are minimum floors, with higher run-off rates established by individual jurisdictions as appropriate to capture depositor behaviour in a period of stress in each jurisdiction."

http://www.bis.org/publ/bcbs238.pdf


--------------------------------------------------
Note added at 2 hrs (2017-08-18 10:27:35 GMT)
--------------------------------------------------

I must apologise for I didn't realise that Daryo had already answered the question. I guess that at this point I'm supplying further evidence supporting this term. :-)

Example sentence(s):
  • Les dépôts Retail subissent des taux de fuite entre 5% et 10% selon la stabilité estimée du dépôt en question alors que les dépôts des Grandes Entreprises subissent un taux de fuite entre 25% et 75% selon la stabilité estimée du dépôt en quest
  • Retail Deposits: The assumed run-off rate for stable retail deposits protected by robust, pre-funded deposit insurance schemes may be reduced, at a jurisdiction’s option, from 5% to 3%.

    https://fgm.usj.edu.lb/pdf/a172011.pdf
    https://corpgov.law.harvard.edu/2013/02/03/basel-committee-revises-basel-iii-liquidity-coverage-ratio/
Alberto Bertelli
Italy
Local time: 20:27
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian

Peer comments on this answer (and responses from the answerer)
agree  philgoddard
4 hrs
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