BWBV0003602
Geldig vanaf 10-01-2016
Artikel 18
Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen
1. The resources of the Operations Account shall consist of:
a) The part of Capital allocated to the Operations Account in accordance with article 9, paragraph 3;
b) Voluntary contributions made to the Operations Account;
c) Such income as may accrue from time to time from investment or deposit of the resources of the Operations Account;
d) Resources re-allocated from the Capital Account to the Operations Account in accordance with article 16, paragraph 3; and
e) Any other resources placed at the disposal of, received or acquired by, the Fund for or from its Operations Account activities.
2. The aggregate amount at any time of the Financial Interventions which the Fund has committed itself to provide, shall at no time exceed the resources of the Operations Account.
3. The Fund may make or participate in loans and, except for that portion of the Capital allocated to the Operations Account, any other type of Financial Intervention for the financing of measures in the field of commodities from the resources of the Operations Account, subject to the provisions of this Agreement and in particular to the following terms and conditions:
a) The measures shall be innovative commodity development measures, aimed at improving the structural conditions in markets and at enhancing the long-term competitiveness and prospects of particular commodities, or any other measures that may be included in rules and regulations or guidelines adopted by the Governing Council.
b) The activities of the Fund in the Operations Account may take the form of any type of Financial Intervention. All Financial Interventions shall be provided on terms and conditions which the Executive Board decides are appropriate.
a) The part of Capital allocated to the Operations Account in accordance with article 9, paragraph 3;
b) Voluntary contributions made to the Operations Account;
c) Such income as may accrue from time to time from investment or deposit of the resources of the Operations Account;
d) Resources re-allocated from the Capital Account to the Operations Account in accordance with article 16, paragraph 3; and
e) Any other resources placed at the disposal of, received or acquired by, the Fund for or from its Operations Account activities.
2. The aggregate amount at any time of the Financial Interventions which the Fund has committed itself to provide, shall at no time exceed the resources of the Operations Account.
3. The Fund may make or participate in loans and, except for that portion of the Capital allocated to the Operations Account, any other type of Financial Intervention for the financing of measures in the field of commodities from the resources of the Operations Account, subject to the provisions of this Agreement and in particular to the following terms and conditions:
a) The measures shall be innovative commodity development measures, aimed at improving the structural conditions in markets and at enhancing the long-term competitiveness and prospects of particular commodities, or any other measures that may be included in rules and regulations or guidelines adopted by the Governing Council.
b) The activities of the Fund in the Operations Account may take the form of any type of Financial Intervention. All Financial Interventions shall be provided on terms and conditions which the Executive Board decides are appropriate.
- Citeren als
- Art. 18
- Geldig vanaf
- Status
- Geldend recht
- Identificatie
- BWBV0003602
- Officiële bron
- wetten.overheid.nl