Translation of "Avoirs financiers libellés en dollars américains " (French → English) :

The objective was recognised of maintaining the global warming gradient at 2° C and agreeing to financial support of USD 30 billion during the 2010-2012 period (fast-start financing) and USD 100 billion by 2020.

AG10 Parent may wish to hedge the foreign exchange risk in relation to its net investment in Subsidiary B as well as that in relation to Subsidiary C. Assume that Parent holds suitable hedging instruments denominated in US dollars and pounds sterling that it could designate as hedges of its net investments in Subsidiary B and Subsidiary C. The designations Parent can make in its consolidated financial statements include, but are not limited to, the following:

(f) dependency on FX markets: in a stress scenario, if any short-term requirement for US dollars cannot be met by liquidating US dollar assets, Union credit institutions will need to use FX spot or swap markets to convert liquid assets in other currencies into US dollars.

These include, first, the depreciation of the US dollar against the euro, which has had consequent effects on certain export refunds or on aid; then, the decision to grant, as early as 2003 – that is to say, in the Budget year 2003 – certain advances against animal premiums for those regions that suffered particularly from the summer drought; and, finally, an agreement on the reform of the common agricultural policy, which, howev ...[+++]er, is expected to have little effect on the Budget for 2004.

(13) Whereas the euro unit and the national currency units are units of the same currency; whereas it should be ensured that payments inside a participating Member State by crediting an account can be made either in the euro unit or the respective national currency unit; whereas the provisions on payments by crediting an account should also apply to those cross-border payments, which are denominated in the euro unit or the national currency unit of the account of the creditor; whereas it is necessary to ensure the smooth functioning of payment systems by laying down provisions dealing with the crediting of accounts by payment instruments credited through those systems; whereas the provisions on payments by crediting an account should not i ...[+++]mply that financial intermediaries are obliged to make available either other payment facilities or products denominated in any particular unit of the euro; whereas the provisions on payments by crediting an account do not prohibit financial intermediaries from coordinating the introduction of payment facilities denominated in the euro unit which rely on a common technical infrastructure during the transitional period;

The second sentence entitles the financial intermediary 'to make the necessary conversion for crediting an account without asking for the consent of the beneficiary`, when that account has a denomination which differs from the denomination chosen by the originator of the payment.