Translation of "multiplication factor " (English → French) :

4. Points to the remark made by the Court of Auditors in Annex 11.2 of its annual report to the different approach of the EESC (as well as the Parliament) when applying the provisions of the Staff Regulations as regards the multiplication factor; points out that the EESC thereby grants its staff a financial advantage not granted by the other institutions, and that that results in higher expenses; reiterates that the provisions of the Staff Regulations concerning the multiplication factor should be interpreted and implemented by all the institutions in the same way; notes the EESC's intention to adapt its practice in conformity with th ...[+++]e awaited Civil Service Tribunal's ruling;

4. Points to the remark made by the Court of Auditors in Annex 11.2 of its annual report to the different approach of the EESC (as well as of the Parliament) when applying the provisions of the Staff Regulations as regards the multiplication factor; points out that the EESC thereby grants its staff a financial advantage not granted by the other institutions, and that that results in higher expenses; reiterates that the provisions of the Staff Regulations concerning the multiplication factor should be interpreted and implemented by all the institutions in the same way; notes the EESC's intention to adapt its practice in conformity with ...[+++] the awaited Civil Service Tribunal's ruling;

The payment institution's own funds shall amount to at least the relevant indicator defined in point (a), multiplied by the multiplication factor defined in point (b) and by the scaling factor k defined in paragraph 2.

The multiplication factor shall be increased by a plus‐factor of between 0 and 1 in accordance with Table 1, depending on the number of overshootings for the most recent 250 business days as evidenced by the institution's back‐testing.

The competent authorities may, in individual cases and owing to an exceptional situation, waive the requirement to increase the multiplication factor by the ‘plus‐factor’ in accordance with Table 1, if the institution has demonstrated to the satisfaction of the competent authorities that such an increase is unjustified and that the model is basically sound.

· First, on the basis of each euro from the EU budget (provision), a multiple of loans and other financial products can be developed by the EIB with a multiplication factor of between 2 and 20, depending on the degree of risk and the type of instrument of the investment concerned.