30.1.88 NoL26/56 OfficialJournaloftheEuropeanCommunities
COMMISSION REGULATION (EEC)No270/88
of28January1988
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
basisofoffersforshipmentduringthemonthofexporta­
tion;
Whereas,followingtheintroductionofthecombined
nomenclature byCouncilRegulaetion (EEC)No
2658/87(*),thenomenclature applicablefrom1January
1988toexportrefundsonagriculturalproductswasesta­
blishedbyRegulation(EEC)No3846/87(^;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(8),aslastamendedbyRegula­
tion(EEC)No1636/87(9),
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1418/76
of21June1976onthecommonorganizationofthe
marketinrice('),aslastamendedbyRegulation(EEC)
No3990/87(2),andinparticularthesecondsubparagraph
ofArticle17(4)thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasthefirstsubparagraphofArticle17(4)ofRegu­
lation(EEC)No1418/76providesthattheexportrefund
applicabletoriceandbrokenriceonthedayonwhich
applicationforanexportlicenceismade,adjustedforthe
thresholdpricewhichwillbeinforceduringthemonth
ofexportation,mustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamendedby
Regulation(EEC)No1397/68(4),laysdowndetailedrules
fortheadvancefixingoftheexportrefundonriceand
brokenrice;
WhereasthatRegulationprovidesthattherefundappli­
cableonthedayonwhichapplicationforanexport
licenceismademust,whenitisfixedinadvance,be
reducedbyanamountnogreaterthanthedifference
betweenthecifforwarddeliverypriceandthecifprice,
wheretheformerexceedsthelatterbymorethan0,30
ECUpertonne;whereasontheotherhand,therefund
mustbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforwarddeli­
veryprice,wheretheformerexceedsthelatterbymore
than0,30ECUpertonne;
Whereasthecifpriceisthatdeterminedinaccordance
withArticle16ofRegulation(EEC)No1418/76;whereas
thecifforwarddeliverypriceisthatdeterminedinaccor­
dancewithArticle3(2)ofCouncilRegulation(EEC)No
1428/76(*),basedinrespectofeachmonthforwhichthe
exportlicenceisvalid,onthecifpricecalculatedontheHASADOPTEDTHISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceshallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1February1988.
(')OJNoL166,25.6.1976,p.1.
I1)OJNoL377,31.12.1987.
(3)OJNo204,24.8.1967,p.20.(«)OJNoL256,7.9.1987,p.1.
OOJNoL366,24.12.1987,p.1.
(8)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.(4)OJNoL222,10.9.1968,p.6.
Is)OJNoL166,25.6.1976,p.30.

NoL26/5730.1.88 OfficialJournaloftheEuropeanCommunities
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28January1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof28January1988fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(ECU/tonne)
ProductcodeCurrent
21stperiod
32ndperiod
43rdperiod
5
10062010000
10062090000
10063011000
10063019000
10063091000
10063099100
10063099900
100640000000
0
00
0
00
0
00
0
0