This question was closed without grading. Reason: No acceptable answer
Jun 2, 2010 04:40
13 yrs ago
5 viewers *
French term

convention d'unité de compte

French to English Bus/Financial Accounting Banking services
This is in a credit agreement between a major French bank and its business clients (template for a standard contract, no particular client).

I have researched the whole phrase and it refers to the combining of multiple bank accounts into one single account, as far as I can gather, but I don't know if there is a standard English term for this. The closest I can come that has any decent number of Google hits is "Account Aggregation Agreement" but it seems that this refers to viewing multiple bank accounts on one online web page, rather than consolidating all the accounts into one. No other phrases that I've tried seem to bring back many hits, or else they clearly refer to different sorts of agreement.

This doesn't appear to have anything to do with the standard translation of "unité de compte" as "unit of account" or "accounting unit".

The full sentence is:

"Le compte courant figurant aux conditions particulières sur lequel est utilisée l'ouverture de crédit C.T.C. est exclu de toute convention d'unité de compte existante ou à venir entre le client et [name of bank]."

Thanks in advance for suggestions!
Change log

Jun 2, 2010 08:44: Julie Barber changed "Level" from "Non-PRO" to "PRO"

Votes to reclassify question as PRO/non-PRO:

PRO (3): Catharine Cellier-Smart, Sandra & Kenneth Grossman, Julie Barber

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Proposed translations

-1
4 hrs

unit of account agreement

Note from asker:
I think "unité de compte"/"unit of account" is a red herring here, as I said in my question - this refers to an agreement to join up multiple accounts into one, nothing to do with the definition of "unit of account"/"unité de compte". I have found several definitions in French for "convention de unité de compte" - I just don't know what to call it in English!
Peer comment(s):

disagree sneaky13 : it's not a unit but rather a unity of fungible accounts
51 mins
Please feel free to post an answer yourself, so I can see where I have gone wrong.
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5 hrs

consolidation agreement

http://www.canadastudentdebt.ca/forum_posts.asp?TID=76



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Note added at 6 heures (2010-06-02 10:41:18 GMT)
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why not ? :) it's an agreement the bank wants to be signed and it seems similar to "convention d'unité de compte "
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5 hrs

account fungibility agreement

http://www.cmvm.pt/NR/exeres/EA5EFB42-C10F-44FF-997B-02FFD63...

fungibility seems to be used in such a case

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Note added at 6 heures (2010-06-02 10:43:01 GMT)
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sorry for giving two answers but I'm not sure which is best
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