Traduction de «guarantee fund » (Anglais → Français) :

A Guarantee Fund (hereinafter referred to as the ‘Fund’) shall be established, the resources of which shall be used to repay the Communities’ creditors in the event of default by the beneficiary of a loan granted or guaranteed by the Communities or of a loan guarantee issued by the European Investment Bank (hereinafter referred to as the ‘EIB’) for which the Communities provide a guarantee.

any guarantees provided including amounts committed as guarantees by guarantee funds; and

The Guarantee Fund was set up in 1994 to protect the EU budget from the impact of possible defaults of loans benefiting from a guarantee. The European Union offers a partial guarantee to loans made by the European Investment Bank in Latin America, Asia and the Mediterranean area, and a full guarantee to financial assistance to EU loans to some third countries. Every time a new loan benefiting from the guarantee of the EU budget is signed, the Fund is credited with an amount, proportional to the size of the loan (the so-called "provisioning rate"), drawn on an ad-hoc Reserve inscribed in the budget by the Regulation which instituted the Fund (the so-called "t ...[+++]arget level", set at ten percent of the outstanding amount of loans).

GUARANTEE FUND FOR EXTERNAL COMMUNITY OPERATIONS On the basis of two Commission communications, concerning - the limits imposed by the Guarantee Fund mechanism on Community loans and loan guarantees in respect of third countries, and - Community budget guarantees in respect of external EIB loans, the Council examined in particular the Commission's suggestion that a 75% guarantee should be given to all EIB loans in third countries.

The Depositors Guarantee Fund unanimously approved the plan that included : a) The application of all the reserves and share premiums and reduction of the bank's share capital to offset losses in the amount of Ptas 20 bn, b) A capital increase in the amount of Ptas 180 bn by the Deposit Guarantee Fund, c) The purchase and the immediate resale to Banesto of deteriorate assets by the Deposit Guarantee Fund, with a loss of Ptas 285 bn at their nominal value, d) An interest-subsidy loan from the Deposit Guarantee Fund for an amount of Ptas 315 bn over four years, carrying an estimated cost for the Fund of Ptas 41 bn for foregone interests, e ...[+++]) The replacement of Banesto's president and management board.

The Round Table's proposals may be summarised as follows: With regard to bank loans: - the Round Table recommends that communication between banks and SMEs should be improved, bank staff should receive better training and the range of financial products should be better geared to the requirements of SMEs; - in order to increase access to loans, it also advocates wider use of the facilities offered by the guarantee funds and mutual guarantee schemes; - as regards the European Investment Fund (EIF) and the interest rebates on European Investment Bank (EIB) loans, the Round Table's main recommendations are: * to earmark, in the short term ...[+++], a sizeable proportion of EIF operations for SME funding; * to enable the EIF to operate flexibly to take account of the actual situation in each Member State, e.g. by assisting national guarantee schemes, including mutual guarantee schemes; * to make sure that it is the end beneficiaries, i.e. SMEs, that derive the full benefit from the advantages offered by the EIF and the system of interest rebates on EIB loans and that the intermediaries are specialised in funding SMEs; * to make sure that the job-creation condition to which the granting of interest rebates is subject is applied as flexibly as possible.