CELEX: 11957E/PRO/BEI/23
Language: en
Date: 1957-03-25 00:00:00
Title: TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 23

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11957E/PRO/BEI/23

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 23  

++++Article 23  1 . The Bank may employ any available funds which it does not immediately require to meet its obligations in the following ways :   ( a ) it may invest on the money markets ;   ( b ) it may , subject to the provisions of Article 20 ( 2 ) , buy and sell securities issued by itself or by those who have borrowed from it ;   ( c ) it may carry out any other financial operation linked with its objectives .  2 . Without prejudice to the provisions of Article 25 , the Bank shall not , in managing its investments , engage in any currency arbitrage not directly required to carry out its lending operations or fulfil commitments arising out of loans raised or guarantees granted by it .  3 . The Bank shall , in the fields covered by this Article , act in agreement with the competent authorities or with the bank of issue of the Member State concerned .