Traduction de «couverture petits risques » (Français → Anglais) :

Q. whereas non-financial small and medium-sized enterprises that use derivative instruments solely in the course of hedging their risk when conducting their principal business , should benefit from exemptions from clearing and collateralization concerning capital requirements, provided that the extent to which certain derivatives are used does not create systemic risk (subject to a requirement that the Commission should check this exemption regularly) and that the volume and nature of transactions are proportionate to, and appropriate for, the real risks faced by ...[+++]end users; whereas minimum standards must also be guaranteed as regards tailor-made contracts, in particular where the collateralisation of derivatives and capital requirements are concerned,

Q. whereas non-financial small and medium-sized enterprises that use derivative instruments solely in the course of hedging their risk when conducting their principal business , should benefit from exemptions from clearing and collateralization concerning capital requirements, provided that the extent to which certain derivatives are used does not create systemic risk (subject to a requirement that the Commission should check this exemption regularly) and that the volume and nature of transactions are proportionate to, and appropriate for, the real risks faced by ...[+++]end users; whereas minimum standards must also be guaranteed as regards tailor-made contracts, in particular where the collateralisation of derivatives and capital requirements are concerned,

The failure of the Community to harmonise substantive insurance law has meant that insurance companies are unable to offer "small risks" coverage in all Member States on the basis of one and the same policy.

However, due to the unavailable or insufficient cover in the majority of Member States of export-credit insurance offered by private insurers to small companies with a limited export turnover, which is caused by no or very low profitability reflecting an insufficient spread of foreign countries/buyers and lack of education and knowledge of the complexities of export-credit insurance among such companies entailing significant handholding and processing costs, the Commission is prepared to consider their export-related risks as temporarily ‘non ...[+++]-marketable’ in these Member States where there is no adequate offer by the private market, also in consideration of the need for the commercial insurers to adapt to the increased market size created by the EU enlargement.

D. whereas retirement provision is one of the greatest political and economic challenges of our times; whereas not only in Europe, but world-wide, nations are facing a situation where state pension schemes cannot be sustained in their present form; whereas in the past the voluntary pension instruments in the field of the second pillar in Europe have not been able to reach out to small and medium-sized companies (SMEs) which are the largest employers in the Union and that is why SMEs are often deterred by the administrative and other costs as well as the liability risks associated with traditional pension instruments; whereas in many ...[+++]Member States SMEs in particular are increasingly expressing an interest in defined contribution schemes which do not oblige them to cover biometric risks and whereas if this need is not addressed there is a risk that a large number of future pensioners in the Union will not be reached,

To get back to the loan guarantees provided under the Small Business Loans Act, which will be reduced from 90 per cent to 85 per cent, a difference of 5 per cent, this means the government is in a way backing out, is reducing its contribution to this legislation, and this increases the lender's liability by 5 per cent (1025) The implications of this measure, although not dramatic, are nevertheless very serious, because there is a message here for small lending institutions, especially in Quebec where there is a credit union in every town.