Traduction de «Système de cautionnement mutuel » (Français → Anglais) :

Other industry or tax funded statutory guarantee schemes are not treated as capital and should not be called on until after distribution of funds.

45. Stresses that the fragmentary nature of European financial markets is an obstacle to the sound functioning of risk capital markets and considers it a priority to remedy this in order to give enterprises easier access to sources of finance for enterprises; draws attention to the need to encourage access by enterprises to financial instruments and to develop the availability of financing along the lines of mutual guarantee schemes; calls for the development of innovative financing arrangements in order to respond to the new tangible and intangible investment needs of enterprises, including small and micro-enterprises, particularly in ...[+++] the areas of standards, technologies, the environment and market development; calls for measures to promote the connection between equity capital and funds and for work towards linking funds, enterprises, industry and universities; calls for particular attention to be paid in this regard to instruments targeted at SMEs;

45. Stresses that the fragmentary nature of European financial markets is an obstacle to the sound functioning of risk capital markets and considers it a priority to remedy this in order to give enterprises easier access to sources of finance for enterprises; draws attention to the need to encourage access by enterprises to financial instruments and to develop the availability of financing along the lines of mutual guarantee schemes; calls for the development of innovative financing arrangements in order to respond to the new tangible and intangible investment needs of enterprises, including small and micro-enterprises, particularly in ...[+++] the areas of standards, technologies, the environment and market development; calls for measures to promote the connection between equity capital and funds and for work towards linking funds, enterprises, industry and universities; calls for particular attention to be paid in this regard to instruments targeted at SME;

17. Calls for the establishment of systems to facilitate access to the EIB/EIF funds for normative investments, investments in the environment and new technologies and training-related intangible investments; calls in addition for mutual guarantee schemes to be strengthened and developed and for such schemes to be used in the Member States and candidate countries;

There is therefore a need to continue efforts to consolidate financial resources through the use of financial engineering techniques and programmes (risk capital, mutual guarantee systems, etc.).

Loan guarantees, mutual guarantee systems and subordinate loans are suitable means of doing this.