Difficulty in translating the Difficulty in translating the termterm

DISBURSEMENTDISBURSEMENT

Avram(Sabau) Cristina MAIIAvram(Sabau) Cristina MAII

Submitted in partial fulfilment of the requirements of the Submitted in partial fulfilment of the requirements of the course in Terminologycourse in Terminology

January 2011January 2011

When I had to translate some documents, I didn’t know When I had to translate some documents, I didn’t know

exactly what the equivalent in Romanian was:exactly what the equivalent in Romanian was: (1) The disbursement [(1) The disbursement [plata]plata] of the loan shall be made of the loan shall be made

during the commitment period onduring the commitment period on a day on which commercial banks are open for the a day on which commercial banks are open for the

transaction of general business.transaction of general business.

(2) The bank at the moment is not in a position to allow for (2) The bank at the moment is not in a position to allow for further disbursementsfurther disbursements

[[tragere]tragere] under the loan after the conditions specified in the under the loan after the conditions specified in the waiver are fulfilled.waiver are fulfilled.

(3) All disbursement applications [(3) All disbursement applications [cerere de platacerere de plata] shall be ] shall be submitted by the borrower tosubmitted by the borrower to

the bank at least 5 business day prior to the proposed date the bank at least 5 business day prior to the proposed date of such disbursement.of such disbursement.

Asking the specialist:Asking the specialist:

I asked Ena Farca, civil servant working I asked Ena Farca, civil servant working for the City Hall Iasi, head of the for the City Hall Iasi, head of the

International Relations and European International Relations and European Projects Office, and she told me Projects Office, and she told me

““disbursementdisbursement” means “” means “trageretragere” She ” She also mentioned that this happens with also mentioned that this happens with

the loans from IMF (International the loans from IMF (International Monetary Fund) and other international Monetary Fund) and other international

finance institutions (i.e. IBRD )finance institutions (i.e. IBRD )I was puzzled because most of the I was puzzled because most of the

dictionaries give only this definition “ dictionaries give only this definition “ plati” More, I didn’t understand exactly plati” More, I didn’t understand exactly

what the term reffered to.what the term reffered to.

Then I started my research: Then I started my research:

As a graduate of International As a graduate of International Business within the Faculty of Business within the Faculty of Economics Iasi, I started to refresh Economics Iasi, I started to refresh my memorymy memory

I looked up in my courses “ Economie I looked up in my courses “ Economie mondiala” and “ Relatii financiare si mondiala” and “ Relatii financiare si monetare internationale”monetare internationale”

I looked up in the dictionaries and I looked up in the dictionaries and searched the websites.searched the websites.

DomaineDomaine   Budget   Budget communautaire   communautaire  

 en   en  DéfinitionDéfinition Money paid out or spent.  Réf. de la définition Money paid out or spent.  Réf. de la définition COUNCIL-EN  COUNCIL-EN 

TermeTerme disbursementdisbursement  Fiabilité 3 (fiable)  Réf. du terme Council   Fiabilité 3 (fiable)  Réf. du terme Council

Regulation NoRegulation No 1605/2002 on the Financial Regulation applicable 1605/2002 on the Financial Regulation applicable

to the general budget of the European Communities, to the general budget of the European Communities, 32002R160532002R1605   

Date 22/06/2009Date 22/06/2009    

    Source: Council IATE ID: 768920Source: Council IATE ID: 768920 http://iate.europa.eu/iatediff/http://iate.europa.eu/iatediff/

FindTermsByLilId.do?FindTermsByLilId.do?lilId=768920&langId=enlilId=768920&langId=en

Article 126Article 1261. The financial statements shall be presented in millions of euro and shall 1. The financial statements shall be presented in millions of euro and shall

comprise:comprise:(a) the balance sheet and the economic outturn account, which represent (a) the balance sheet and the economic outturn account, which represent the assets and liabilities and financial situation and the economic outturn the assets and liabilities and financial situation and the economic outturn

at 31 December of the previous year; they shall be presented in at 31 December of the previous year; they shall be presented in accordance with the structure laid down by the Directives of the European accordance with the structure laid down by the Directives of the European Parliament and of the Council on the annual accounts of certain types of Parliament and of the Council on the annual accounts of certain types of

companies, but with account being taken of the specific nature of thecompanies, but with account being taken of the specific nature of the Communities' activities;Communities' activities;

(b) the cash-flow table showing (b) the cash-flow table showing amounts collected and amounts collected and disburseddisbursed (Sume (Sume incasate si incasate si platiteplatite)during the year and the final treasury position;)during the year and the final treasury position;

(c) the statement of changes in capital presenting in detail the increases (c) the statement of changes in capital presenting in detail the increases and decreases during the year in each item of the capital accounts.and decreases during the year in each item of the capital accounts.

http://eur-lex.europa.eu/smartapi/cgi/sga_doc?http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!smartapi!celexplus!prod!

CelexNumDoc&numdoc=32002R1605&lg=ENCelexNumDoc&numdoc=32002R1605&lg=EN

According to “ Dictionar economic si According to “ Dictionar economic si financiar bancar Englez-Roman (M. financiar bancar Englez-Roman (M.

Patras, C. Patras)Patras, C. Patras)

DisbursementsDisbursements= plati, = plati, achitari, sume platite ( p. achitari, sume platite ( p.

204)204)

““Cu aprobarea FMI asupra disponibilitatilor respective se realizeaza o Cu aprobarea FMI asupra disponibilitatilor respective se realizeaza o

trageretragere, tara solicitatoare folosind , tara solicitatoare folosind suma trasasuma trasa pentru a face plati externe” pentru a face plati externe”..

Paul Bran, 1995 : “Relatii financiare si monetare Paul Bran, 1995 : “Relatii financiare si monetare internationale”, Ed Economica, pag.127internationale”, Ed Economica, pag.127

Structură şi funcţionareStructură şi funcţionare

  1. Structură1. Structură

Fondul Monetar InternaţionalFondul Monetar Internaţional este o organizaţie hibrid, reunind este o organizaţie hibrid, reunind caracteristici ale unei organizaţii internaţionale interguvernamentale dar şi caracteristici ale unei organizaţii internaţionale interguvernamentale dar şi ale unei societăţi anonime pe acţiuni, de drept american. ale unei societăţi anonime pe acţiuni, de drept american. 1010 Fondul este Fondul este

situat pe teritoriul SUA, în Washington D.C. „Acţionarii” săi sunt ţările situat pe teritoriul SUA, în Washington D.C. „Acţionarii” săi sunt ţările participante la Conferinţa de la Bretton Woods şi cele care au semnat participante la Conferinţa de la Bretton Woods şi cele care au semnat

Acordul de înfiinţare până la data de 27 decembrie 1945, plus ţările care Acordul de înfiinţare până la data de 27 decembrie 1945, plus ţările care au aderat între timp la acest acord şi la organizaţie.au aderat între timp la acest acord şi la organizaţie.

Ţările membre ale FMI au următoarele drepturi:Ţările membre ale FMI au următoarele drepturi:dreptul la vot şi la participare în adoptarea deciziilordreptul la vot şi la participare în adoptarea deciziilor

dreptul de a efectua tranzacţii şi operaţii cu FMIdreptul de a efectua tranzacţii şi operaţii cu FMIdreptul de a cumpăra valută convertibilă sau dreptul de a cumpăra valută convertibilă sau Drepturi Speciale de Drepturi Speciale de

TragereTragere (DST) din resursele Fondului, în schimbul monedei naţionale, pe (DST) din resursele Fondului, în schimbul monedei naţionale, pe termentermen scurt sau mediu, în caz de nevoie pentru echilibrarea scurt sau mediu, în caz de nevoie pentru echilibrarea

balanţei de plăţi;balanţei de plăţi;

http://bogdanmandru.wordpress.com/fondul-http://bogdanmandru.wordpress.com/fondul-monetar-international-istoric-structura-si-functii/monetar-international-istoric-structura-si-functii/

In acordarea transelor de credit, FMI aplica principiul conditionalitatii….In In acordarea transelor de credit, FMI aplica principiul conditionalitatii….In limbaj tehnic operatiunile de imprumut se numesc tragerilimbaj tehnic operatiunile de imprumut se numesc trageri iar iar

rambursarile, se numesc rascumparari.…..rambursarile, se numesc rascumparari.…..Tragerile Tragerile obisnuite pot fi grupate in doua categorii………obisnuite pot fi grupate in doua categorii………

…..exista transe de credit, …..exista transe de credit, tragerile tragerile in cadrul lor putandu-se face succesiv.in cadrul lor putandu-se face succesiv.

http://www.scritube.com/http://www.scritube.com/economie/finante/Principalele-economie/finante/Principalele-

institutii-financ1541819148.phpinstitutii-financ1541819148.php

To conclude with,To conclude with,in the subfield of the financial in the subfield of the financial

management of loans from different management of loans from different international finance institutions such international finance institutions such

as IMFas IMF , , IBRDIBRD

To disburseTo disburse= a realiza o tragere = a realiza o tragere

DisbursementDisbursement = tragere din = tragere din imprumutimprumut