Staff costs maximum 25 of the total annual grant Equipment maximum 20 of the total annual grant o o o

Its size will be reviewed annually .

The grant awarded may be used to cover the following expenses Staff Costs, Equipment, Costs for Printing Publishing, Other Costs, Overheads, Travel Costs and Costs of Stay for Staff and Students. The following ceilings should be applied

As in 2005 , an amount equivalent to the surplus was set aside in a provision against foreign exchange rate , interest rate and gold price risks , leaving no net profit .

maximum of 75,000 ECU of Tempus support per year (applies to the third priority).

Overheads maximum of 2,5 (fixed rate cost) or 5 (actual costs) of the total annual grant

maximum of 100,000 ECU Tempus support per year (applies to the first and second priority).

Overheads maximum of 2.5 (fixed rate cost) or 5 (actual costs) of the total annual grant for Mobility JEPs only Travel costs Costs of stay should not represent less than 75 of the total grant. A.

Staff costs maximum 25 of the total annual grant for Institution Building JEPs only Staff costs maximum 35 of the total annual grant

Financing under that heading should give priority to actions outside the euro area and not exceed 100 000 euro annually .

en.html 9 The amount quoted in the Annual Report 2005 ( Euros 41.0 billion ) was based only on official reserve asset figures .

One twelfth of each annual amount shall be payable to Bulgaria and Romania on the first working day of each month in the corresponding year .

MANAGEMENT REPORT FOR THE YEAR ENDING 31 DECEMBER 2005 1 PRINCIPAL ACTIVITIES 4 FINANCIAL RESULT The ECB 's activities in 2005 are described in detail in the relevant chapters of the Annual Report .

whereas it is also appropriate to fix a maximum annual amount , as a percent of GDP , to the sanctions for the latter not to have counterproductive effects

Euro equivalent amount of US dollars

Annual

When the spread rose again in October , the ECB allotted Euros 1 billion more than the benchmark amount and continued this policy until December 2006 , when it gradually increased the allotment further above the benchmark in order to foster smooth conditions in the shortterm money market during the holiday season and around the turn of the year .

Annual meetings

ANNUAL REPORT

annual average .

Annual Report

Annual fee

Periodic reporting the annual financial report An annual financial report

Of this total figure

Amount of transfer

Amount category .

The conjunction of the two factors points to the proposal for an unchanged yearly amount of one million euro per year 6 million euro in total .

176 ECB Annual Report 1999

satisfied as having priority and bids with successively lower interest rates are accepted until the total liquidity to be allotted is exhausted . If , at the lowest interest rate level accepted ( i.e. the marginal interest rate ) , the aggregate amount bid exceeds the remaining amount to be allotted , the remaining amount is allocated pro rata among the bids according to the ratio of the remaining amount to be allotted to the total amount bid at the marginal interest rate ( see Box 5 ) .

Annual Report 1999

A N N UA L R E P O R T 2006

2 ) Annual average .

Annual Report 1999

Annual Report 2002

ANNUAL REPORT 2007

ANNUAL REPORT 2009

the total amount allotted

In addition , national central banks may announce the allotment result directly to counterparties without access to wire services . The public tender result message normally contains the following information the reference number of the tender operation

Total amount to be covered 50,000,000 95,005,889

Assessed compensation amount

the total amount allotted

Total amount to be covered

Margin call

Upper trigger amount ( 2 )

Start date