council decis februari lai multiannu financi guidelin manag asset ecsc liquid complet liquid asset research fund coal steel ec council european union regard treati establish european commun regard protocol annex treati establish european commun financi consequ expiri ecsc treati research fund coal steel regard council decis ec februari establish measur implement protocol annex treati establish european commun financi consequ expiri ecsc treati research fund coal steel articl thereof regard propos commiss regard opinion european parliament purpos protocol annex treati establish european commun financi consequ expiri ecsc treati research fund coal steel commiss manag asset ecsc liquid complet liquid asset research fund coal steel manag asset aim highest yield compat secur entir capit asset research fund coal steel yield liquid preserv intact manag transfer asset account experi gain conduct financi oper european coal steel commun multiannu financi guidelin manag asset ecsc liquid complet liquid asset research fund coal steel base experi adopt decis articl multiannu financi guidelin manag asset ecsc liquid complet liquid asset research fund coal steel hereinaft refer quot financi guidelin quot set annex articl financi guidelin review supplement year period end decemb end latest month year year period commiss reassess oper effect financi guidelin propos amend see fit commiss carri reassess submit propos amend council expiri year period articl decis effect dai public offici journal european union appli juli articl decis address member state brussel februari council presid papandr page offici journal oj oj annex financi guidelin manag asset ecsc liquid complet liquid asset research fund coal steel fund asset ecsc liquid includ loan portfolio invest meet remain oblig ecsc term outstand borrow commit result previou oper budget unforese liabil extent asset ecsc liquid need meet oblig invest provid incom fund continu research sector relat coal steel industri asset research fund coal steel invest provid incom fund continu research sector relat coal steel industri alloc asset pursuant point commiss alloc asset categori reserv need provid assur creditor ecsc outstand borrow interest thereon paid full due date enabl obligor maintain quot aaa quot rate equival fund need guarante disburs amount legal engag oper budget ecsc prior end ecsc treati extent fund longer need purpos due reimburs borrow payment interest call reserv eventu cancel budgetari oblig fund alloc invest categori invest categori asset refer point invest ensur fund need gener highest return consist maintain high degre secur stabil long term obtain object invest asset categori permit term deposit authoris bank ii monei market instrument final matur year issu authoris bank categori authoris issuer iii fix float rate bond matur exceed year provid issu categori authoris issuer iv equiti sharehold authoris collect invest fund provid invest limit fund aim respond perform financi index invest refer point commiss make oper respect asset categori set repurchas revers repurchas agreement provid counterpart authoris transact provid secur held contract sold parti contract counterparti prior contractu deadlin commiss remain posit purchas secur sold contractu deadlin ii bond lend oper condit procedur laid recognis clear system clearstream euroclear lead financi institut specialis type oper subject prudenti rule consid equival commun rule quot authoris quot counterpart term guidelin select commiss rule procedur refer point invest limit invest limit amount bond issu guarante member state institut union eur million member state institut ii bond issu guarante sovereign supran borrow credit rate quot aa quot equival eur million issuer guarantor iii deposit debt instrument authoris bank lower eur million bank bank fund iv bond corpor issuer credit rate quot aaa quot equival eur million issuer bond corpor issuer credit rate quot aa quot equival eur million issuer vi hold collect invest fund credit rate quot aa quot equival eur million vehicl invest singl bond issu subject limit total amount issu invest singl counterparti subject limit cumul instrument total asset rate refer guidelin appli major intern credit rate agenc gener understood transfer budget european union net revenu commit gener budget european union dedic revenu transfer ecsc liquid complet liquid asset research fund coal steel meet oblig budget line direct research programm sector relat coal steel industri account manag fund account annual profit loss account annual balanc sheet prepar ecsc liquid complet liquid asset research fund coal steel base gener accept account principl similar provid ecsc fourth council direct eec juli annual account type compani council direct eec decemb annual account consolid account bank financi institut account approv commiss examin court auditor commiss engag extern firm carri annual audit account manag procedur commiss carri relat ecsc liquid complet liquid asset research fund coal steel abovement manag oper accord guidelin intern rule procedur forc ecsc time dissolut modifi detail report manag oper carri guidelin drawn month member state oj direct amend direct ec oj oj direct amend direct ec