Info
🔗 Back to Summary. 🇫🇷 French Version: 2017R0392_FR.2. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 1 – Definitions ⬅️ | ➡️ 2014
Références LVL1 <=> LVL2
Level 1 reference(s): 2014R0909_EN.12 > 1
Article 2 - Determination of most relevant currencies
1.
The most relevant currencies referred to in point (b) of 2014 shall be identified according to either of the following calculations:
(a)
the relative share of each Union currency in the total value of the settlement by a CSD of settlement instructions against payment, calculated over a period of one year, provided that each individual share exceeds 1 %;
(b)
the relative share of settlement instructions against payment settled by a CSD in a Union currency compared to the total value of settlement instructions against payment settled in that currency across all CSDs in the Union, calculated over a period of one year, provided that each individual share exceeds 10 %.
2.
The calculations referred to in paragraph 1 shall be done on an annual basis by the competent authority of each CSD.