Traduction de «risque de règlement en devises » (Français → Anglais) :

(12b) For certain classes of derivatives involving exchange of principal, such as foreign exchange, settlement risk may be the predominant risk, which is already addressed through the existing market infrastructure.

2. Notes that in 2005, the Chinese trade balance amounted to USD102 billion, which is more than twice as much as in the previous bench mark year (USD 32 billion); that in 2005, currency reserves amounted to approximately USD 819 billion - an increase of USD 209 billion, compared to the previous year; that if this trend continues, China is likely to have at its disposal over USD 1 billion in foreign reserves at the end of 2006, making it the world’s largest holder of foreign currency; that initial predictions for 2006 point to a capital inflow of some USD 50 billion, primarily in long-term direct private investments; welcomes in this ...[+++]connection the fact that China has started to relax pegging its currency (Renminbi) to the US dollar and is thus not opposed to a possible currency revaluation; considers that warnings about insufficient risk surcharges for lending operations should be taken seriously;

4. Notes that in 2005, the Chinese trade balance amounted to USD 102 billion, which is more than twice as much as in the previous bench-mark year (USD 32 billion); that in 2005, currency reserves amounted to approximately USD 819 billion - an increase of USD 209 billion compared to the previous year; that if this trend continues, China is likely to have at its disposal over USD 1 billion in foreign reserves at the end of 2006, making it the world’s largest holder of foreign currency; that initial predictions for 2006 point to a capital inflow of some USD 50 billion, primarily in long-term direct private investments; welcomes in this ...[+++]connection the fact that China has started to relax pegging its currency (Renminbi) to the US dollar and is thus not opposed to a possible currency revaluation; considers that warnings about insufficient risk surcharges for lending operations should be taken seriously;

13. Net positions shall be classified according to the currency in which they are denominated and shall calculate the capital requirement for general and specific risk in each individual currency separately.

The meeting was attended by representatives of the IMF, the World Bank, the EIB, the EBRD, the Paris Club, the OECD and the IEA. 2. Since their last meeting at Ministerial level on July 4, the international economic environment within which the countries of central and eastern Europe are pursuing their policies of economic stabilisation, structural adjustment and the transition to market economies has changed in the following respects: - a deterioration in the terms of trade of the central and eastern European countries resulting from the ongoing necessary shift to hard currency accounting and payments in intra-Comecon trade; - uncertainty concerning the supply of oil and gas from the Soviet Union, both with respect to ...[+++]deliveries and price; - the impact of the crisis in the Gulf, notably the increase of oil prices, the interruption of supplies and the loss of income from trade, service contracts and workers' remittances.

French companies will in future be free to cover their exchange risks and to open foreign currency accounts in France or abroad, in which they may maintain balances equivalent to up to three months of their foreign turnover. The conditions for settlements abroad have been simplified and companies will be able to borrow freely in foreign currency.