CELEX: 31996R2006
Language: en
Date: 1996-10-18 00:00:00
Title: COMMISSION REGULATION (EC) No 2006/96 of 18 October 1996 fixing the agricultural conversion rates

19 . 10 . 96            EN                Official Journal of the European Communities                              No L 267/ 17
                                          COMMISSION REGULATION (EC) No 2006/96
                                                          of 18 October 1996
                                              fixing the agricultural conversion rates
  THE COMMISSION OF THE EUROPEAN COMMUNITIES,                           Whereas Article 15 (2) of Regulation (EEC) No 1068/93
                                                                        provides that an agricultural conversion rate fixed in
  Having regard to the Treaty establishing the European                 advance is to be adjusted if the gap between that rate and
  Community,                                                            the agricultural conversion rate in force at the time of the
  Having regard to Council Regulation (EEC) No 3813/92                  operative event applicable for the amount concerned
  of 28 December 1992 on the unit of account and the                   exceeds four points; whereas, in that event, the agricul­
  conversion rates to be applied for the purposes of the               tural conversion rate fixed in advance is brought more
  common agricultural policy ('), as last amended by Regu­             closely into line with the rate in force, up to the level of a
  lation (EC) No 1 50/95 (2), and in particular Article 3 ( 1 )        gap of four points with that rate; whereas the rate which
  thereof,                                                             replaces the agricultural conversion rate fixed in advance
                                                                       should be specified,
 Whereas the agricultural conversion rates were fixed by
  Commission Regulation (EC) No 1955/96 (3);                           HAS ADOPTED THIS REGULATION :
 Whereas Article 4 of Regulation (EEC) No 3813/92
 provides that, subject to confirmation periods being trig­                                      Article 1
 gered, the agricultural conversion rate for a currency is to          The agricultural conversion rates are fixed in Annex I
 be adjusted where the monetary gap between it and the                 hereto.
 representative market rate exceeds certain levels;
 Whereas the representative market rates are determined                                          Article 2
 on the basis of basic reference periods or, where applic­             In the case referred to in Article 15 (3) of Regulation
 able, confirmation periods, established in accordance with           (EEC) No 1068/93, the agricultural conversion rate fixed
 Article 2 of Commission Regulation (EEC) No 1068/93 of                in advance shall be replaced by the ecu rate for the
 30 April 1993 on detailed rules for determining and                   currency concerned, shown in Annex II:
 applying the agricultural conversion rates (4), as last
 amended by Regulation (EC) No 1482/96 (*); whereas                   — Table A, where the latter rate is higher than the rate
 paragraph 2 of that Article provides that, in cases where                 fixed in advance,
 the absolute value of the difference between the monetary            — Table B, where the latter rate is lower than the rate
 gaps in two Member States, calculated from the average of                 fixed in advance .
 the ecu rates for three consecutive quotation days, exceeds
 six points, the representative market rates are to be                                           Article 3
 adjusted on the basis of the three quotation days in ques­
 tion ;                                                               Regulation (EC) No 1955/96 is hereby repealed.
 Whereas, as a consequence of the exchange rates recorded                                        Article 4
 from 11 to 20 October 1996, it is necessary to fix a new
 agricultural conversion rate for the Austrian schilling, the         This Regulation shall enter into force on 21 October
 Dutch guilder, the German mark and the Belgian franc;                 1996 .
                     This Regulation shall be binding in its entirety and directly applicable in all Member
                     States .
                     Done at Brussels, 18 October 1996.
                                                                                For the Commission
                                                                                   Franz FISCHLER
                                                                            Member of the Commission
(') OJ   No   L 387, 31 . 12. 1992, p. 1 .
 2  OJ   No   L 22, 31 . 1 . 1995, p. 1 .
(3) OJ   No   L 258 , 11 . 10 . 1996, p. 17.
(4) OJ   No   L 108, 1 . 5. 1993, p. 106.
 5  OJ   No   L 188 , 27. 7. 1996, p. 22.
 ---pagebreak--- No L 267/ 18   ( en I               Official Journal of the European Communities                                19 . 10 . 96
                                                            ANNEX I
                                                 Agricultural conversion rates
                                     ECU 1 =         39,6374    Belgian and
                                                                Luxembourg francs
                                                      7,49997   Danish kroner
                                                      1,92391   German marks
                                                    311,761     Greek drachmas
                                                    198,202     Portuguese escudos
                                                      6,61023   French francs
                                                      6,02811   Finnish marks
                                                      2,15840   Dutch guilders
                                                      0,829498  Irish punt
                                                  1 973,93      Italian lire
                                                     13,5355    Austrian schillings
                                                    165,198     Spanish pesetas
                                                      8,64446   Swedish kroner
                                                      0,833821  Pound sterling
                                                           ANNEX II
                            Agricultural conversion rates fixed in advance and adjusted
                               Table A                                                  Table B
          ECU 1 =      38,1129       Belgian and                ECU 1 =         41,2890      Belgian and
                                     Luxembourg francs                                       Luxembourg francs
                        7,21151      Danish kroner                               7,81247     Danish kroner
                        1,84991      German marks                                2,00407     German marks
                     299,770         Greek drachmas                            324,751       Greek drachmas
                      190,579        Portuguese escudos                        206,460       Portuguese escudos
                        6,35599      French francs                               6,88566     French francs
                        5,79626      Finnish marks                               6,27928     Finnish marks
                        2,07538      Dutch guilders                              2,24833     Dutch guilders
                        0,797594     Irish punt                                  0,864060    Irish punt
                   1 898,01          Italian lire                            2 056,18        Italian lire
                       13,0149       Austrian schillings                        14,0995     Austrian schillings
                     158,844         Spanish pesetas                           172,081      Spanish pesetas
                        8,31198      Swedish kroner                              9,00465    Swedish kroner
                        0,801751     Pound sterling                              0,868564   Pound sterling