Moreover, a maturity extension resolves rollover risk for the coming decades.

Like banks, all these financial institutions are subject to liquidity or rollover risk the risk of going belly up if their creditors do not rollover their short term credit lines.

In the meantime, I think it is sensible that we support Ambassador De La Sablière's proposal for a one month rollover.

Like banks, all these financial institutions are subject to liquidity or rollover risk the risk of going belly up if their creditors do not rollover their short term credit lines. But, unlike banks, they do not have the safety net implied by central banks role as lender of last resort.

Meanwhile, the current French proposal of a voluntary rollover by banks is flopping, as it would impose prohibitively high interest rates on the Greeks.

The Secretariat has advised that audits not conducted in 2004 and considered high risk, would be considered for rollover into the 2005 work plan.

This by itself creates a rollover risk, which is why, for example, a small firm in Bozen (Bolzano, in Italy s South Tyrol) is subject to higher financing costs than its competitor in Innsbruck (in Austria s northern Tyrol).

(b) Key Policy Work Account Work programme account

The real problem is the rollover of existing debt in a stagnating economy. For example, Italy will soon have a balanced budget in structural terms, but must still face the problem of refinancing old debt as it matures each year.

The Project Sub Account, and The Thematic Programmes Sub Account.

Will it be possible for them to rollover their market funding in these circumstances? Already, the Greeks and the other countries subject to special measures have been shut out of the wholesale markets, and are reliant almost entirely on the European Central Bank.

Moreover, the new federal bonds very long maturities meant that there was no rollover risk. It would have been very dangerous to expose the federal government to this danger, given that the operation was rightly perceived at the outset as extremely risky.

(a) The Administrative Account and the Work Programme Sub Account (EU)

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(b) Development Account

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(c) Special Account

BUDGET ADMINISTRATIVE ACCOUNT

UNDP resources the resources credited to the UNDP regular resources account or other resources account and, therefore, exclude resources credited to the UNDP funds account.

For example, if fuel costs (an expense account), are debited to stock (an asset account).

56 237. Development Account

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(b) The Special Account

(a) The Administrative Account

The quantity of expired tCERs in its retirement account and tCER replacement account The quantity of expired lCERs in its retirement account The quantities of AAUs, CERs, ERUs, RMUs and tCERs transferred to the tCER replacement account The quantities of AAUs, CERs, ERUs, RMUs and lCERs transferred to the lCER replacement account.

All receipts pertaining to specific pre projects, projects and activities under the Project Sub Account or the Thematic Programmes Sub Account shall be brought into the respective Sub Account.

All receipts pertaining to specific pre projects, projects and activities under the Project Sub Account or the Thematic Programmes Sub Account shall be brought into the respective Sub Account.

All receipts pertaining to specific pre projects, projects and activities under the Project Sub Account or the Thematic Programmes Sub Account shall be brought into the respective Sub Account.

Interest income arising from the special account for Buildings Management is credited to that account, and finally prorated to the Vienna based organizations taking into account the funds contributed by them and the date of receipt of such funds in the account.

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(b) The Project Sub Account.

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Women account for 52.1 per cent (3481) of health workers, while men account for 47.9 per cent (3198).

As these countries posted current account deficits, northern European countries accumulated current account surpluses, exposing a widening competitiveness gap.

The maximal biennial budget for the Key Policy Work Account shall not exceed 50 of the annual Administrative Account.

The maximal biennial budget for the Key Policy Work Account shall not exceed 50 of the annual Administrative Account.