Примери за използване на Fiduciary accounts на Английски и техните преводи на Български
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Management of fiduciary accounts 30.
These fiduciary accounts are used by the EIF to execute the programmes.
(b)separate blocks of finance or fiduciary accounts within an institution.
The CourtŐs audit showed that there are no clear rules for the setting up of these fiduciary accounts.
It should also keep sums held on fiduciary accounts to the lowest level consistent with expected cash flow demands over the following year.
Funds are transferred from the Commission to these fiduciary accounts to cover future payments.
No clear rules for setting up fiduciary accounts were established, and neither was there an overall overview of all the funds held by the financial institutions.
For the execution of the programmes, funds are transferred from the General Budget to fiduciary accounts to cover possible future payments.
As regards other grants and payments to fiduciary accounts in the sample(10), the Court found that adequate checklists and calculation sheets exist.
Due to the specific nature of these financial instruments, the audit of payments from the Commission to the EIF was limited to the transfer of the funds to fiduciary accounts(2).
The payments made by the Commission to the EIF relate to the transfer of the funds to fiduciary accounts which are used by the EIF to implement the programmes.
It has issued guidelines for fiduciary accounts as well as detailed year-end reporting requirements in Financial and administrative framework(FAFA) agreements with EIB and EIF.
Within the substantive testing sample of payment transactions, 29 of the payment transactions selected related to grants anda further eight payment transactions related to fiduciary accounts under the Multiannual Programme(MAP) and the Competitiveness and Innovation Framework Programme(CIP).
Fiduciary accounts are established for certain EU spending programmes in the context of specific agreements entered into by the Commission, where a financial institution acts as an authorised agent of the Commission.
The principal reason for the net decrease of 0,1 billion euro in sums held in fiduciary accounts is that the Commission has now taken action to clear reflows(37) from MEDA(38) loans and risk capital operations.
To further improve the situation, the Commission has already proposed to and agreed with the Court that as from the 2008 closure an official circular letter is sent to the financial organisations concerned in order to get accurate, complete andstandardised information from them regarding the fiduciary accounts.
As already mentioned in the reply to paragraph 30 the fiduciary accounts are different from the bank accounts opened by the CommissionŐs Accounting Officer according to Article 59 of the Implementing Rules.
DG ECFIN is responsible for the treasury management of other non-budgetary items and the investment of Community funds.(d) treasury planning and forecasting;(e)management of fiduciary accounts;(f) management of fines;(g) the payment process and management of bank accounts; and(h) human resources.
As mentioned by the Court, fiduciary accounts are established for certain programmes in the context of specific agreements where the financial organisation acts as the financial intermediary of the Commission(e.g. fiduciary agreements between DG ECFIN and financial organisations).
Key elements of this increase are:- a 251 million euro increase in investments in debt securities andfixed income securities resulting from transfers from the EU budget to fiduciary accounts;- a 177 million euro increase in investments in euro-denominated bonds by the Guarantee Fund for External Actions(33), to which 144 million euro had been transfered from the EU budget.
The mentioned fiduciary accounts opened by the authorising officers for the requirements of the execution of specific budgetary programmes have a different nature than the bank accounts opened by the Accounting Officer for the requirements of treasury management according to Article 59 of the Implementing Rules.
The bodies referred to in paragraph 4(b)to which implementation tasks have been entrusted shall open fiduciary accounts in their name and on behalf of the managing authority, or set up the financial instrument as a separate block of finance within a financial institution.
The Commission envisaged the following mitigating measures for an improved management of payment appropriations:- speeding up the recovery of undue amounts,- limiting idle amounts on fiduciary accounts,- reducing pre-financing percentages,- making use of maximum payment deadlines,- postponing calls for proposals/tenders and related contracting.
At 31 December 2013 259 million euro had accumulated and remained in a fiduciary account at the EIB(39).
The provisioned resources in the common provisioning fund and,when applicable, the balance on the fiduciary account.
How to qualify: You must not have had a Chase checking account withinthe last 90 days, had one closed with a negative balance, or have a fiduciary account.
In 2011, the ECA's IAS reported on: the state of implementation of the ECA's Strategy for 2009 to 2012; the implementation of the KPIs; the construction of the ECA's new K3 building;the use of the fiduciary account for payments to eligible beneficiaries; as well as the follow up to its previous audit recommendations.
The beneficiaries' identity can be kept confidential by setting up a fiduciary account managed by a proxy.
At 31 December 2013, reflows(35) from MEDA(36) loans andrisk capital operations amounting to 259 million euro had accumulated and remained in a fiduciary account at the EIB and had not been treated as budgetary revenue.
JPMorgan Chase Bank, N.A. and its affiliates(collectively“JPMCB”) offer investment products,which may include bank-managed accounts and custody, as part of its trust and fiduciary services.