Betekenis van:
formalisation
formalisation
Zelfstandig naamwoord
- the act of making formal (as by stating formal rules governing classes of expressions)
Synoniemen
Hyperoniemen
Voorbeeldzinnen
- formalisation of the competency retention process.
- formalisation of the competency retention process
- The interest rate is Euribor three months + 25 basis points and a one-off formalisation fee of 0,5 %.
- IGAPE had also agreed on 1 February 2001 to subsidise 25 basis points of the interest rate as well as the formalisation fee for the loan.
- Pending this legal formalisation of its rights over the vessel, it can decide freely (unlike the investors) how it is operated.
- the payment of the formalisation fee of EUR 48081 by IGAPE with respect to the loan of EUR 9616193 of 2 April 2001;
- Concerning the price paid for the guarantee, the Commission had doubts as to whether the premium paid (0,2 % per year on the outstanding guaranteed debt; no formalisation fee) corresponded to the market price of a similar guarantee taking mainly into account the lists of maximum prices for guarantees published by two of the banks participating in the loan.
- The grant provided by IGAPE (see recital 24), the interest-free loan granted by the Ministry of Science and Technology (see recital 25), the subsidisation by IGAPE of the interest and the formalisation fee granted through INESGA (see recital 26) confer an advantage on Siderúrgica Añón which is financed through state resources.
- As regards the IGAPE subsidy of 0,25 % and the formalisation fee, the Spanish authorities maintained that this aid was granted under schemes approved by the Commission, and that, except for EUR 14299,44, it fell within the scope of Commission Regulation (EC) No 69/2001 of 12 January 2001 on the application of Articles 87 and 88 of the EC Treaty to de minimis aid [12], which applied also to the ECSC sector.
- The Commission concludes therefore that the grant provided by IGAPE, the interest-free loan granted by the Ministry of Science and Technology, the subsidisation by IGAPE of the interest and the loan formalisation fee granted through INESGA, the stake acquired by SODIGA in the share capital of Siderúrgica Añón and the guarantee granted by IGAPE constitute state aid within the meaning of Article 87(1) of the EC Treaty.
- In addition, the Code establishes the necessary rules on procedures and sets the appropriate standards to ensure: (i) the integrity and quality of the credit rating process (including the formalisation of the decisional circuit, traceability of the decisions and quality control process), (ii) the relevant transparency and communication procedures (including rules of access to credit ratings, publication of the methods and evolution of the credit rating activities) and (iii) the measures to prevent any conflict of interest (including the due diligence to be observed by the analysts, the functioning of the national and regional rating committees).