Glossary entry (derived from question below)
English term or phrase:
on an "execution only" basis
French translation:
sur la base d'une exécution simple
Added to glossary by
Denali
Mar 29, 2009 17:54
15 yrs ago
2 viewers *
English term
All transactions will be undertaken on an "execution only" basis at your request
English to French
Bus/Financial
Investment / Securities
Company share agreement
Context:
XXX has categorized you as a “retail client” for all services under these terms and conditions, for the purposes of the Financial Services Authority’s rules. This categorization means you will benefit to the full extent from protections under those rules. You are entitled to elect re-categorization as an eligible counterparty or professional client, by writing to us. However, as a consequence you would not receive all the regulatory protections afforded to retail clients. All transactions will be undertaken on an "execution only" basis at your request and initiative. This means that XXX cannot give you any personal advice on investments based on your specific objectives or circumstances, and will not be able to provide any other services under this agreement.
Hello to all, I get the idea expressed here, but I don't know how to formulate "execution only" basis. Any help one can provide would be greatly appreciated. Thank you.
XXX has categorized you as a “retail client” for all services under these terms and conditions, for the purposes of the Financial Services Authority’s rules. This categorization means you will benefit to the full extent from protections under those rules. You are entitled to elect re-categorization as an eligible counterparty or professional client, by writing to us. However, as a consequence you would not receive all the regulatory protections afforded to retail clients. All transactions will be undertaken on an "execution only" basis at your request and initiative. This means that XXX cannot give you any personal advice on investments based on your specific objectives or circumstances, and will not be able to provide any other services under this agreement.
Hello to all, I get the idea expressed here, but I don't know how to formulate "execution only" basis. Any help one can provide would be greatly appreciated. Thank you.
Proposed translations
8 mins
English term (edited):
on an execution only basis
Selected
sur la base d'une exécution simple
(b)achat et vente de produits financiers „non complexes” sur la base
d’une exécution simple
pour certains types de transactions qui ne s’appuient pas sur un conseil, le test concernant le caractère approprié n’est pas obligatoire. le service fourni par l’entreprise peut alors être qualifié d’„exécution simple”
http://www.cbfa.be/fr/cob/bro/pdf/cbfa_mifid.pdf.
Référence UE bilingue :
Dans le cas des autres services d'investissement, l'article 19, paragraphe 5, de cette directive impose à l'entreprise d'évaluer le caractère approprié du service d'investissement ou du produit concerné pour le client, mais seulement si le produit n'est pas proposé sur la base d'une exécution simple au sens de l'article 19, paragraphe 6, de cette directive (qui s'applique aux produits non complexes).
In the case of other investment services, the firm is required by Article 19(5) of that Directive to assess the appropriateness of an investment service or product for a client, and then only if the product is not offered on an execution-only basis under Article 19(6) of that Directive (which applies to non-complex products).
http://eur-lex.europa.eu/Notice.do?mode=dbl&lang=en&ihmlang=...
d’une exécution simple
pour certains types de transactions qui ne s’appuient pas sur un conseil, le test concernant le caractère approprié n’est pas obligatoire. le service fourni par l’entreprise peut alors être qualifié d’„exécution simple”
http://www.cbfa.be/fr/cob/bro/pdf/cbfa_mifid.pdf.
Référence UE bilingue :
Dans le cas des autres services d'investissement, l'article 19, paragraphe 5, de cette directive impose à l'entreprise d'évaluer le caractère approprié du service d'investissement ou du produit concerné pour le client, mais seulement si le produit n'est pas proposé sur la base d'une exécution simple au sens de l'article 19, paragraphe 6, de cette directive (qui s'applique aux produits non complexes).
In the case of other investment services, the firm is required by Article 19(5) of that Directive to assess the appropriateness of an investment service or product for a client, and then only if the product is not offered on an execution-only basis under Article 19(6) of that Directive (which applies to non-complex products).
http://eur-lex.europa.eu/Notice.do?mode=dbl&lang=en&ihmlang=...
Note from asker:
| Thank you Stéphanie! C'est exactement ça. Et merci pour les références. |
4 KudoZ points awarded for this answer.
Comment: "Merci."
4 mins
Elisabeth Vandezande
Belgium
Belgium
Native in French
Belgium
Your partner for excellence
Native in: French 
Works in: Dutch to French, Flemish to French
à votre requête, toutes les transactions seront exécutées strictement suivant vos instructions
C'est du moins ce que je comprend du contexte: on ne donne pas de conseil, on exécute "aveuglément" les instructions du client
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