Traduction de «Ouverture de crédit documentaire » (Français → Anglais) :

documentary letter of credit [ commercial letter of credit ]

DOCAPP | documentary credit application message

DOCINF | documentary credit issuance information message

unconfirmed documentary credit | unconfirmed documentary letter of credit | unconfirmed irrevocable documentary credit | unconfirmed irrevocable letter of credit | unconfirmed letter of credit

back-to-back documentary credit | back-to-back credit | back-to-back documentary letter of credit | back-to-back letter of credit

confirmed documentary credit | confirmed documentary letter of credit | confirmed irrevocable documentary credit | confirmed irrevocable letter of credit | confirmed letter of credit

irrevocable letter of credit | ILC [Abbr.]

back-to-back credit [ back-to-back loan ]

additional appropriation [ supplemental appropriation ]

Structure to accommodate assigned revenue and provision of corresponding appropriations

The annex referred to in point (b)(ii) of the first subparagraph reflects and is part of the structure to accommodate the appropriations corresponding to such participation, as provided for in paragraph 2, and to allow the expenditure to be implemented.

First, Portugal failed to prove that private insurance cover was indeed unavailable in the market. Secondly, the scheme excluded companies that could not obtain base cover from a private insurer, whereas these were precisely the companies most hit by the financial crisis and supposedly more in need of the support. Thirdly, offering a premium that was below market price went beyond what was necessary to remedy the disturbance in the market, and distorted competition between those that obtained cover under the scheme and those that relied only on the market or, even worse, could not obtain it at all. Finally, the measure helped to preserve the market positions of the private credit ...[+++] insurers and, thus, benefitted the credit insurance sector by preventing the substitution of short-term credit insurance by other products offering credit protection such as factoring and documentary credit.

50 % of medium/low risk off-balance-sheet documentary credits and of medium/low risk off-balance sheet undrawn credit facilities referred to in Annex II, and subject to the competent authorities’ agreement, 80 % of guarantees other than loan guarantees which have a legal or regulatory basis and are given for their members by mutual guarantee schemes possessing the status of credit institutions.