Translation of "risque de taux " (French → English) :

2. For each relevant currency, the volatility adjustment to the relevant risk-free interest rate term structure shall be based on the spread between the interest rate that could be earned from assets included in a reference portfolio for that currency and the rates of the relevant basic risk-free interest rate term structure for that currency.

A portfolio management practice which aims to offset the risk linked to an investment in a fixed interest rate bond by combining a long position on a credit default swap and an interest rate swap which swaps that fixed interest rate with an interest rate equal to an appropriate money market reference rate plus a spread should be considered as a hedging arrangement where all the hedging criteria of the commitment method are in principle complied with.

B. whereas over 80 million people, or around 16 % of the European Union's total population, are living with disabilities – including people with mental health problems, with special regard to autism – and their rate of unemployment is at least twice as high as that of people without disabilities; whereas people with disabilities constitute a vulnerable group, among whom the rate of poverty is 70 % higher than average; whereas the rate of employment for people with disabilities is only around 45 %, while high-quality jobs ensure economic independence and foster personal achievement; whereas unemployment increases the risk of poverty and soci ...[+++]al exclusion, since at least a quarter of the population suffer once during their lifetime from a mental health problem and whereas for 10 % of them this can lead to chronic mental health problems, underlining the need for active and targeted policies to combat this persistent situation; whereas the higher risk of poverty is often the result of limited access not only to employment and training but also to healthcare and appropriate treatment,

B. whereas over 80 million people, or around 16 % of the European Union's total population, are living with disabilities – including people with mental health problems, with special regard to autism – and their rate of unemployment is at least twice as high as that of people without disabilities; whereas people with disabilities constitute a vulnerable group, among whom the rate of poverty is 70 % higher than average; whereas the rate of employment for people with disabilities is only around 45 %, while high-quality jobs ensure economic independence and foster personal achievement; whereas unemployment increases the risk of poverty and soci ...[+++]al exclusion, since at least a quarter of the population suffer once during their lifetime from a mental health problem and whereas for 10 % of them this can lead to chronic mental health problems, underlining the need for active and targeted policies to combat this persistent situation; whereas the higher risk of poverty is often the result of limited access not only to employment and training but also to healthcare and appropriate treatment,

B. whereas over 80 million people, or around 16 % of the European Union’s total population, are living with disabilities – including people with mental health problems, with special regard to autism – and their rate of unemployment is at least twice as high as that of people without disabilities; whereas people with disabilities constitute a vulnerable group, among whom the rate of poverty is 70 % higher than average; whereas the rate of employment for people with disabilities is only around 45 %, while high-quality jobs ensure economic independence and foster personal achievement; whereas unemployment increases the risk of poverty and soci ...[+++]al exclusion, since at least a quarter of the population suffer once during their lifetime from a mental health problem and whereas for 10 % of them this can lead to chronic mental health problems, underlining the need for active and targeted policies to combat this persistent situation; whereas the higher risk of poverty is often the result of limited access not only to employment and training but also to healthcare and appropriate treatment,

Therefore the Commission will accept that public or private loans are granted at an interest rate which is at least equal to the central bank overnight rate plus a premium equal to the difference between the average one year interbank rate and the average of the central bank overnight rate over the period from 1 January 2007 to 30 June 2008, plus the credit risk premium corresponding to the risk profile of the recipient, as stipulated by the Commission Communication on the revision of the method for setting the reference and discount rates.