NoL53/20 OfficialJournaloftheEuropeanCommunities 27.2.88
COMMISSION REGULATION (EEC)No519/88
of26February1988
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
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:basisofoffersforshipmentduringthemonthofexporta­
tion;
Whereas,followingtheintroductionofthecombined
nomenclature byCouncilRegulaetion (EEC)No
2658/87(6),thenomenclatureapplicablefrom1January
1988toexportrefundsonagriculturalproductswasesta­
blishedbyRegulation(EEC)No3846/87f);
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(®),aslastamendedbyRegula­
tion(EEC)No1636/87(»),
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,
HASADOPTEDTHISREGULATION :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,onthecifpricecalculatedontheArticle1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceshallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1March1988.
(')OJNoL166,25.6.1976,p.1.
ROJNoL377,31.12.1987,p.15.
ftOJNo204,24.8.1967,p.20/67.(«)OJNoL256,7.9.1987,p.1.0OJNoL366,24.12.1987,p.1.
(«)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.(4)OJNoL222,10.9.1968,p.6.0OJNoL166,25.6.1976,p.30.

27.2.88 OfficialJournaloftheEuropeanCommunities NoL53/21
ThisRegulationshallbebindinginit$entiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26February1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof26February1988fixingdiecorrectiveamountapplicable
totherefundonriceandbrokenrice
(ECU/tonne)
ProductcodeCurrent
31stperiod
42ndperiod
53rdperiod
6
10062010000 — — — —
10062090000 0 0 0 0
10063011000 — — — —
10063019000 — — — —
10063091000 — — — —
10063099100 0 0 0 0
10063099900 0 0 .0 0
10064000000 — '— 1— —.