Vertaling van "obbligazione " (Italiaans → Engels) :

An 80 % offset will be applied when the value of two legs always move in the opposite direction and where there is an exact match in terms of the reference obligation, the maturity of both the reference obligation and the credit derivative, and the currency of the underlying exposure.

Where more than one obligation of a reference entity can be selected, the obligation with the highest risk weighting determines the specific risk.

The Commission considers that, by restricting (direct and indirect) representation to certain professional groups, extending the restriction of direct representation to performance of all customs operations, and establishing a general subsidiary liability for customs debt for customs agents, Italian law does not comply with the Community Customs Code.

It consists of a 2,9 bn DM issue (roughly equivalent to 1,5 bn ECU) with a 7 year maturity, a nominal rate of 6,5%, an issue price to the investor of 99,75% to give a yield of 8 basis points (0,08%) over the equivalent yield of the 7 1/4% Bond due 2000.

The legislative content of the Code can be subdivided into three parts: a) an introductory section which contains the basic rules and concepts of customs law (focusing on the Community's customs territory, the Customs Tariff of the European Communities, value for customs purposes and the origin of goods) and describes the provisions applicable to goods brought into the customs territory of the Community (formalities, freedom of movement etc.); b) a central section describing the various types of customs-approved treatment or use applicable to goods: customs procedures with economic impact (free zones, temporary admission, processing under customs control etc.); reexportation of goods; destruction etc.; c) the last section focuses on the provisions govern ...[+++]ing customs debt and the rules applicable to the right of appeal in customs matters.

In the meantime, work will continue on certain aspects already identified (e.g. the "paying agent" system, application of withholding tax on various types of bonds, etc.).