Traduction de «Soutien monétaire à court terme » (Français → Anglais) :

(13) “Short-term MMF” means a money market fund that invests in eligible money market instruments referred to in Article 9(1);

Stresses the importance of stable and cost-effective renewable support schemes for long-term investment that remain responsive and adaptable in the short term and are tailored to national needs and circumstances, allowing gradual phasing-out of subsidies for mature renewable technologies; welcomes the fact that a number of renewable energy technologies are rapidly becoming cost-competitive with conventional forms of generation; stresses that the energy transition hinges upon the transparency, consistency and continuity of legal, financial and regulatory frameworks with a view to strengthening investor confidence; regrets retroactive c ...[+++]hanges to renewable support schemes that alter the return on investments already made; calls on the Member States to always announce any renewable support scheme adjustments and consult stakeholders widely well in advance; calls on the Commission to check the compatibility of national support schemes with the European Commission Guidance in order to avoid any unnecessary delay in their implementation and minimise market distortions.

Given the significance of MMFs to the European short-term debt funding market, the Commission set out proposals to ensure risks were appropriately managed, whilst ensuring that money market funds can continue to support the financing of the wider economy.

While the most immediate impact on growth and jobs in the short run needs to come from a monetary and fiscal stimulus, a comprehensive recovery plan also needs to encompass an ambitious structural reform agenda tailored to the needs of individual Member States, and designed to equip them to emerge stronger from the crisis. In part, this is because some structural reforms can also contribute to bolstering aggregate demand in the short term.

Outstanding very short-term financing balances shall be remunerated at the representative domestic three-month money market rate of the creditor's currency prevailing on the trade date of the initial financing operation or, in the event of a renewal pursuant to Articles 10 and 11 of this Agreement, the three-month money market rate of the creditor's currency prevailing two business days before the date on which the initial financing operation to be renewed falls due.

Outstanding very short-term financing balances shall be remunerated at the representative domestic three-month money market rate of the creditor's currency prevailing on the trade date of the initial financing operation or, in the event of a renewal pursuant to Articles 10 and 11 of this Agreement, the three-month money market rate of the creditor's currency prevailing two business days before the date on which the initial financing operation to be renewed falls due.