Glossary entry

French term or phrase:

opérations de Dailly-cessions avec ou sans recours

English translation:

assignment of receivables under the Dailly law, with or without recourse

Added to glossary by :::::::::: (X)
May 31, 2008 08:35
15 yrs ago
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French term

opérations de Dailly-cessions avec ou sans recours

French to English Bus/Financial Finance (general)
Les principales opérations visées sont : les opérations d'affacturage, d'escompte avec ou sans recours, opérations de Dailly-cessions avec ou sans recours, opérations de Dailly-nantissements avec ou sans recours

Proposed translations

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assignment of receivables under the Dailly law, with or without recourse

The Dailly Law of 1981 establishes a simple mechanism for assignment (cession) or pledge (nantissement) of receivables.

"... the sale of the receivables must take the form of: ... (iii) an assignment under the French Dailly Law"
www.freshfields.com/publications/pdfs/2007/SEC07_Chapter-19...

"Assignments of receivables are at the centre of all or most PPP financing structures. The most frequently used French tool is the Dailly assignment of receivables"
http://www.iclg.co.uk/khadmin/Publications/pdf/1020.pdf (section 4.5)

"Legal assignment ("Cession Dailly") of the rental income
notified to the lessees"
http://www.secinfo.com/dsvr4.29p.j.htm

http://www.google.com/search?hl=en&q="assignment of receivab...
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