Traduction de «Backing the currency » (Anglais → Français) :

Moreover, a counterparty may not submit as collateral any asset-backed security if the counterparty (or any third party with which it has close links) provides a currency hedge to the asset-backed security by entering into a currency hedge transaction with the issuer as a hedge counterparty or provides liquidity support for 20 % or more of the outstanding amount of the asset-backed security.

There are written references to the cheese (referred to as quesu de puñu or queso de Afueg'l Pitu) dating back to at least the 18th century, where it is described as a currency for paying taxes (the practice until into the following century). At the end of the 19th century, Félix Aramburu y Zuloaga describes the cheese as ‘the primitive queso de puñu or de afuega el pitu which is common in almost all the municipalities of Asturias’.

The President of the ECOFIN Council recommended to the European Council that it: - instruct the ECOFIN Council to define, in consultation with the Commission and the EMI, a reference scenario guaranteeing full compliance with the Treaty, this being a pre-condition for the irreversibility necessary at the start of stage 3, with a view to reporting back to the Madrid European Council in December 1995; - ask the Commission to undertake the necessary consultations with a view to reporting back to the European Council in Madrid; - note the work already completed on defining the technical characteristics of coins and ask the ECOFIN Council t ...[+++]o continue with all the necessary work; - ask Member States to take all the necessary steps to see that public services consider the practical arrangements for switching their operations to the single currency when the time comes; - request the ECOFIN Council to examine, together with the EMI, the future relationship between the currencies of the Member Countries of the Monetary Union and of the other States of the European Union.

The information campaigns in the participating countries, which the Commission has helped to finance, will continue for a few months yet, as back-up for the measures aimed at familiarising the public with their new currency.

(22) In fixed rate foreign exchange swap tenders, the ECB fixes the swap points of the operation and the counterparties offer the amount of currency kept as fixed that they wish to sell (and buy back) or buy (and sell back) at that rate.

On a Community-wide basis, each of five main proposals found the backing of an absolute majority of people: *54% versus 25% are for a single common currency replacing the different currencies of the Member States in five or six years' time; *55% versus 23% support the European Community being responsible for foreign policy towards countries outside the EC; *55% versus 22% back the European Community having a common European Central Bank, with the heads of national central banks on its Board of Directors; *65% versus 17% are in favo ...[+++]ur of the European Community being responsible for a common policy in matters of security and defence; *65% versus 15% are in favour of the European Parliament having the right to decide together with the Council of Ministers, representing national governments, on the legislation of the European Community.