Traduction de «monnaie de base » (Français → Anglais) :

where the feeder UCITS and the master UCITS are denominated in different currencies, the basis for conversion of dealing orders.

4. Where an electronic money institution carries out any of the activities referred to in Article 6(1)(a) that are not linked to the issuance of electronic money or any of the activities referred to in Article 6(1)(b) to (e) and the amount of outstanding electronic money is unknown in advance, the competent authorities shall allow that electronic money institution to calculate its own funds requirements on the basis of a representative portion assumed to be used for the issuance of electronic money, provided such a representative portion can be reasonably estimated on the basis of historical data and to the satisfaction of the competent ...[+++]authorities.

For all the currencies of the non-euro area Member States participating in ERM II, the exchange rate for the bilateral central rate vis-à-vis the euro shall be quoted using the euro as the base currency.

For all the currencies of the non-euro area Member States participating in ERM II, the exchange rate for the bilateral central rate vis-à-vis the euro shall be quoted using the euro as the base currency.

It represents a good basis for the future work which will be taken forward by his successor, Mr. de Silguy. 2. Bringing together a broad range of senior figures from the private sector, the mandate of the Group is to define, in an independent manner, a coherent approach for the changeover to a single currency which is acceptable to the major categories of currency users and is in accordance with the framework and calendar foreseen in the Maastricht Treaty. 3. A main conclusion of the interim report is that public authorities and the ...[+++] private sector should immediately start an on-going dialogue on the main technical aspects of notes and coins of the new single currency, and the timing of the physical introduction of these new monetary units.

Consequently, removing the risks associated with a modification of the monetary amounts of component currencies within the ecu basket will encourage further increases in the depth and liquidity of ecu financial markets and will better facilitate their smooth function: - for those market participants who stabilise the ecu exchange rate by taking positions in the ecu against the basket. - for all operations in the ecu clearing system, where the interest rates are computed on the basis of the basket composition.