Translation of "position carpée sur le dos " (French → English) :

For the remainder of the securitisation positions that are not re-securitisation positions, the weightings in column B shall be applied unless the position is in the most senior tranche of a securitisation, in which case the weightings in column A shall be applied. For re-securitisation positions the weightings in column E shall be applied unless the re-securitisation position is in the most senior tranche of the re-securitisation and none of the underlying exposures were themselves re-securitisation exposures, in which case column D ...[+++]shall be applied. When determining whether a tranche is the most senior, it is not required to take into consideration amounts due under interest rate or currency derivative contracts, fees due, or other similar payments’.

The assumed position of the CIU in foreign exchange shall be treated as a separate currency according to the treatment of investments in gold, subject to the modification that, if the direction of the CIU's investment is available, the total long position may be added to the total long open foreign exchange position and the total short position may be added to the total short open foreign exchange position.

The capital requirement on unmatched positions in closely correlated currencies, and all positions in other currencies, shall be 8 %, multiplied by the higher of the sum of the net short or the net long positions in those currencies after the removal of matched positions in closely correlated currencies.

The amount of the former which are matched by the latter in a given maturity band shall be the matched weighted position in that band, while the residual long or short position shall be the unmatched weighted position for the same band.

The Acceding Countries Bulgaria and Romania, the Candidate Countries Turkey, Croatia* and the Former Yugoslav Republic of Macedonia*, the Countries of the Stabilisation and Association Process and potential candidates Albania, Bosnia and Herzegovina, Serbia and Montenegro, and the EFTA countries Iceland and Liechtenstein, members of the European Economic Area, as well as Ukraine and the Republic of Moldova, declare that they share the objectives of Common Position 2005/936/CFSP of 21 December 2005 updating Common Position 2001/931/CFSP on the application of specific measures to combat terrorism and repealing Common Position 2005/847/CFSP ...[+++] and of Common Position 2006/231/CFSP of 20 March 2006 updating Common Position 2001/931/CFSP on the application of specific measures to combat terrorism and repealing Common Position 2005/936/CFSP.

The Commission considers that the operation as notified is likely to lead to the creation or strengthening of a dominant position in UF/(M)UF resins in Denmark, Finland, Norway and Belgium; to the creation or strengthening of a dominant position in PF/P(R)F resins in Finland and in Norway; to the creation of a dominant position in formaldehyde in Finland; to the creation of a dominant position in materials handling systems in individual Nordic countries or, alternatively, at the Nordic level; and to the creation of a dominant position in open plastic containers between 2 and 35 litres and for bottles and canisters below 5 litres in N ...[+++]orway.