Traduction de «social time-preference discount rate » (Anglais → Français) :

social rate of time preference [ social time preference rate | rate of social time preference | social time-preference rate | social time-preference discount rate | social MTPR ]

social discount rate [ social rate of discount | rate of social discount ]

time-preference rate

2. Expected cash flows shall be discounted at the rate or rates reflecting, as appropriate, the timing associated with expected cash flows, prevailing circumstances as of the resolution decision date, risk-free interest rates, risk premia for similar financial instruments issued by similar entities, market conditions or discount rates applied by potential acquirers and other relevant characteristics of the element or elements being valued (‘relevant discount rate’).

For purposes of determining the treatment that shareholders and creditors would have received had the entity been put under normal insolvency proceedings, the valuer should determine the expected timing and amount of net cash flows that each shareholder and creditor would have received from the insolvency proceedings without assuming any State aid, discounted at the relevant discount rate or rates.

Regrets the unambitious nature of the target (a minimum 27 % improvement in energy efficiency by 2030) adopted by the European Council in 2014, which is mainly justified by an extremely unrealistic high discount rate contained in a previous impact assessment; recalls that this discount rate (17,5 %) is excessively high; calls on the Commission to move to comprehensive cost-benefit analysis taking into account the multiple benefits of energy efficiency, and to a social discount rate ...[+++], in line with its own Better Regulation guidelines; asks the Commission and the Member States to review the 27 % energy efficiency target for 2030 in the light of the Paris climate change agreement, with a view to achieving the goal of limiting the increase in global warming to well below 2 oC, and to pursue efforts to limit that increase to 1,5 oC in line with the energy efficiency target adopted by Parliament; asks the Commission to set a binding energy efficiency target of 40 % for 2030 which will reflect the level of cost-effective energy efficiency potential.

(ii) the annual effective rate, calculated as the single discount rate that, where applied to the cash-flows of the portfolio of life insurance obligations, results in a value that is equal to the value of the best estimate of the portfolio of life insurance obligations where the time value is taken into account using the basic risk-free interest rate term structure;