Translation of "opérateur d'euro-obligations " (French → English) :

Eurobond trader

eurobond | stability bond

eurobond (1) | European bond (2) | Stability Bond (3)

4. A SIPS operator settling one-sided payments in euro shall hold, or ensure that participants hold, liquid resources, in accordance with paragraph 3, to effect timely settlement of payment obligations in the event of a default of the participant which, together with its affiliates, has the largest aggregate payment obligation as determined by paragraph 3(a) in any of the following ways:

The Commission considers that The Netherlands has failed to fulfil its obligations by allowing the two contracting authorities concerned (Coöperatieve Vereniging VAOP u.a., and Vaop Oud Papier B.V.) to directly awarding public contracts to economic operators, worth more than €15 million per year, without following open and competitive pan-EU tendering procedures.

When fulfilling the requirement to take energy and environmental impacts into account by setting technical specifications, contracting authorities, contracting entities and operators are encouraged to set specifications of a higher level of energy and environmental performance than laid down in Community legislation, taking into account, for example, Euro Norms which are already adopted but have not yet become obligatory.

These information requirements have so far been incorporated in Community legislation, and in particular in the proposal for a regulation on type approval of motor vehicles with respect to emissions (Euro 5 and 6) and on access to vehicle repair and maintenance information (COM(2005)0683), on the basis that the Commission will review, no later than four years after the date of entry into force of that Regulation, the effectiveness of these articles and may consequently consider whether it would be appropriate to consolidate all provisions governing access to vehicle repair and maintenance information within this Directive.