End of Day Square-off

French translation: clôture de position en fin de journée

09:19 Aug 18, 2016

English to French translations [PRO]
Bus/Financial - Finance (general)

English term or phrase: End of Day Square-off

What are the regulations of End of Day square-off for the xxx account at the Central Bank?

Bérangère Chevallier KudoZ activity Questions: 26 (5 open) (3 without valid answers) Answers: 0 Spain
Local time: 04:13

French translation:clôture de position en fin de journée

Explanation:
Définition en anglais dans le contexte financier:
http://economictimes.indiatimes.com/definition/squaring-off
a trader buys or sells a particular quantity of an asset (mostly stocks) and later in the day reverses the transaction
définition en français, effectuer les opérations inverses:
http://trader-cfd.fr/cfd-position-ouverture-cloture/
choisir l’option: « clôturer la position ». Dans ce cas, la plateforme transmet en temps réel l’ordre au marché d’effectuer l’opération inverse de celle qui avait permis d’ouvrir la position

Voir "day trader":
https://fr.wikipedia.org/wiki/Opérateur_de_marché

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Note added at 54 minutes (2016-08-18 10:14:27 GMT)
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Day trading: "margin orders placed during the day are squared off at the end of the day."
http://www.hdfcsec.com/Day-Trading-Product-Features/20120307...

Selected response from:

Didier Fourcot
Local time: 04:13

Grading comment

Merci pour votre réponse claire et référencée !
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +1

clôture de position en fin de journée

Didier Fourcot

solde en fin de journée

AllegroTrans

Summary of reference entries provided

VII End-of-day arrangements

Daryo

Discussion entries: 1

Answers

12 mins confidence:

end of day square-off solde en fin de journée

Explanation:
..

AllegroTrans
United Kingdom
Local time: 03:13
Specializes in field
Native speaker of:

English
PRO pts in category: 177

53 mins confidence:

peer agreement (net): +1

end of day square-off

clôture de position en fin de journée

Didier Fourcot
Local time: 04:13
Works in field
Native speaker of:

French
PRO pts in category: 156

Grading comment

Merci pour votre réponse claire et référencée !

Reference comments

2 days 15 hrs

Reference: VII End-of-day arrangements

Reference information:
47
The current end-of-day arrangements are too complicated. The Bank wants to simplify them, whether the maintenance requirement is same-day or a period-average.
48
In a same-day system, the Bank would require scheme banks to balance their accounts (i.e. to have a minimum balance of zero or to meet any pre-set positive reserve balance) by the end of the day [=the square off for a Central Bank]. Likewise, in a period-average system, on the final day of the maintenance period, scheme banks would be required to hold whatever balance was needed to achieve the agreed period-average and, every day, banks would need to ensure that their account at the Bank was not overdrawn. 49
The Bank [=the CENTRAL BANK of UK] expects [other/commercial] banks to manage their liquidity, and square off expected end-of-day positions, actively during the trading day. As described above, it is proposing to give banks the option – probably throughout the day – to cover any expected deficit via the standing (collateralised) lending facility and to place any expected surplus in the standing deposit facility. Any excess reserves at the end of the maintenance period will be non-interest bearing. Overdrafts or shortfalls in reserve balances will be charged a significantly higher interest rate than available in the standing lending facility in order to create incentives for banks to manage their liquidity in a controlled way when markets are open.
....
51
Which (if any) of the above (or other) approaches would banks prefer and why?
52
With a much narrower trading range for overnight rates and more widely available standing facilities at less penal rates than now, the Bank believes that there would probably be less need for any special end-of-day arrangements for banks that are direct members of the payments system to square off amongst themselves. It would therefore like to hear views on whether or not the current End-of-Day Transfer Scheme for settlement banks should be discontinued

http://www.bankofengland.co.uk/markets/Documents/money/smmre... see page 13

Daryo
United Kingdom
Specializes in field
Native speaker of:

Serbian,

French
PRO pts in category: 302

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End of Day Square-off

French translation: clôture de position en fin de journée

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