council decis march amend decis april applic guidelin field offici support export credit ec council european union regard treati establish european commun articl thereof regard propos commiss commun parti arrang guidelin offici support export credit hereinaft refer arrang arrang subject council decis april annex decis amend decis eec particip arrang drawn addit guidelin export aircraft spare engin spare part aircraft mainten contract servic contract text annex iv arrang appear annex decis april replac text annex iv adopt decis articl annex council decis april annex iv arrang replac annex decis articl decis appli immedi articl decis address member state luxembourg march council presid de boer oj annex annex iv sector understand export credit civil aircraft chapter larg commerci aircraft form scope chapter complement arrang guidelin offici support export credit set complementari guidelin applic offici support export credit financ sale leas larg civil aircraft list appendix supersed term oecd standstil tc ecg item annex iii respect aircraft object chapter object chapter establish balanc equilibrium market equal competit financi condit particip neutral financ particip factor choic compet aircraft avoid distort competit credit term condit cash payment minimum cash payment aircraft total price price airfram instal engin spare engin spare part paragraph particip provid offici support cash payment insur guarante usual pre credit risk maximum repay term maximum repay term offici support credit year interest rate minimum interest rate notwithstand provis paragraph minimum interest rate inclus credit insur premia guarante appli particip provid offici financ support direct credit refinanc interest rate subsidi financ dollar gt tabl gt tb mean year treasuri bond yield constant matur averag previou calendar week financ currenc currenc cocktail german mark french franc pound sterl ecu currenc cocktail packag base year govern bond yield german mark french franc pound sterl margin appli margin calcul weight averag margin applic currenc equal margin applic case financ dollar case financ ecu minimum rate applic long term ecu bond yield basi point margin equal margin applic case financ dollar interest rate adjust adjust made minimum rate interest set weekli averag year govern bond yield constant matur end week period differ basi point averag year govern bond yield constant matur end calendar week june chang occur level minimum rate interest set adjust number basi point recalcul minimum rate round nearest basi point subsequ minimum rate interest adjust weekli basi aforement method chang basi point interest rate underli preced chang minimum rate interest similar provis appli ecu case ecu bond yield special adjust particip believ signific sale month period particip direct competitor ii offer made offici financi support paragraph conclud pure cover basi pefco fix interest rate applic minimum interest rate chapter particip consult immedi order determin interest rate basi sale conclud find perman solut ensur object paragraph fulli met consult determin interest rate sale question equival applic minimum interest rate chapter ii solut found dai start consult minimum interest rate paragraph reduc basi point particip agre sale concern signific case interest rate year option reduc tb basi point adjust made prejudic continu consult find solut includ possibl recoup event addit case occur month period sale particip direct competitor conclud float rate pure cover basi consult ensur object paragraph fulli met held request particip differenti year financ option subject condit outlin end period juli juli sale aircraft financ mean offici support pefco conclud year term minimum interest rate year financ option increas basi point year sale aircraft financ mean offici support pefco conclud year term particip review differenti year financ option view find perman solut problem equat differenti option hand sale conclud year financ option minimum interest rate year financ option decreas basi point subject condit outlin end period juli juli sale conclud year term minimum interest rate year financ option decreas basi point year sale aircraft conclud year term particip review differenti year financ option view find perman solut problem equat differenti option hand sale conclud year option year minimum interest rate increas basi point date determin interest rate offer particip offer borrow choic method select date minimum interest rate defin paragraph seq offici fix interest rate financ paragraph pefco financ paragraph determin select borrow irrevoc minimum rate minimum rate prevail date offer lender ii minimum rate prevail whichev seri date select borrow date select event date deliveri aircraft amount financ offici fix interest rate financ maximum percentag aircraft total price term defin paragraph financ fix minimum rate paragraph mean offici financ support repay loan spread entir life financ repay loan spread matur particip free repay approach subject ceil applic pattern particip offer tranch notifi particip amount interest rate date interest rate set valid period interest rate pattern repay particip review ceil time review pursuant paragraph examin ceil advantag view adjust advantag balanc evenli struck pefco financ fix rate fund offici financ manner compar provid privat export fund corpor pefco weekli inform pefco borrow cost applic lend rate exclus offici guarante fee fix rate financ disburs disburs seri date contract offer bid offer commun particip regular basi particip offer tranch notifi particip amount interest rate date interest rate set valid period interest rate pattern repay particip match financ offer particip match term condit valid period offer commit paragraph rate notifi applic particip long month disburs interest rate exce basi point tb paragraph event month rate exce basi point particip free appli rate basi point month disburs rate consult immedi view find perman solut pure cover tranch offici support mena guarante pure cover permit subject ceil particip offer tranch notifi particip amount term pattern repay interest rate total offici support total amount fund benefit offici support pursuant paragraph exce total price defin paragraph valid period commit durat fix interest rate offer commit tranch financ defin paragraph exce month fee commit manag fee includ interest rate secur particip retain decid secur accept autonom commun fulli particip point request deem aid credit ti partial unti aid credit includ ti partial unti grant item cover sector understand particip provid kind financ credit condit favour set sector understand particip sympathet request common line ti partial unti aid humanitarian purpos model understood loan contract conclud type aircraft term contain transfer type bear model design leas understood particip match year offici support leas transact year repay term credit financ support subject term condit chapter competit refer point event offici support competit aircraft list larg civil aircraft appendix compet aircraft benefit export credit term condit procedur procedur outlin arrang guidelin offici support export credit appli chapter addit particip particip offer offici support export credit conform guidelin give advanc notic consult held dai request review inform procedur condit outlin chapter subject principl annual review particip review provis chapter request notabl relat develop financ interest rate trend paragraph chapter ii aircraft larg commerci aircraft form scope chapter complement arrang guidelin offici support export credit set complement guidelin applic offici support export credit financ contract intern sale leas aircraft cover chapter sector understand appli hovercraft particip rule particip arrang appli endeavour provis chapter repres gener term particip allow offer give offici support particip continu respect customari market term type aircraft power prevent term erod categori aircraft categori agre view competit situat turbin power aircraft includ helicopt turbo jet turbo prop turbo fan aircraft gener seat case larg turbin power aircraft seat develop consult held request view agre classif aircraft categori chapter sector understand view competit situat turbin power aircraft includ helicopt aircraft includ helicopt illustr list aircraft categori appendix credit term condit particip undertak support credit term favour set paragraph categori year sdr base rate recipi countri classifi categori iii respect cirr categori year sdr base rate recipi countri classifi categori iii respect cirr categori year sdr base rate recipi countri classifi categori iii respect cirr sale leas countri relai countri case aircraft sold leas end buyer end user countri interest rate applic countri final destin match provis event offici support competit aircraft compet categori chapter specif sale benefit match export credit term condit make match offer match author make reason effort determin export credit term condit compet aircraft benefit match author consid made reason effort inform mean instant commun author assum offer term intend match intent inform work dai term intend match support transact question insur premium guarante fee particip waiv part total insur premium guarante fee aid credit ti partial unti aid credit includ ti partial unti grant item cover sector understand particip provid kind financ credit condit favour set sector understand particip sympathet request common line ti partial unti aid humanitarian purpos consult notif procedur procedur arrang appli offici support export credit conform term sector understand addit particip particip offer offici support export credit conform chapter give advanc notic consult held dai request review provis chapter subject review annual spring meet particip arrang review particip examin modif provis notabl order bring closer market condit addit market condit customari financ practic chang consider particip entitl special review provis chapter iii aircraft spare engin spare part mainten servic contract form scope chapter complement arrang guidelin offici support export credit set complement guidelin applic offici support export credit financ contract intern sale leas aircraft spare engin spare part mainten servic conjunct aircraft appli hovercraft provis chapter ii appli aircraft particip support credit term favour set sector understand transact aircraft notwithstand rule appli aircraft offici financ support minimum interest rate relev cirr particip agre normal repay term aircraft gt tabl gt term review maximum length credit aircraft chang spare engin spare part financ item contempl part origin aircraft order term aircraft case provid function size fleet specif aircraft type includ aircraft acquir aircraft firm order aircraft own basi aircraft type fleet aircraft price airfram instal engin sixth subsequ aircraft type fleet aircraft price airfram instal engin item order aircraft particip offer offici support year spare engin year spare part spare engin larg aircraft particip exce standard maximum repay term year year transact minimum contract exceed million includ minimum spare engin contract review year adjust price escal particip reserv chang practic match practic compet particip matter detail relat time repay respect spare engin spare part mainten servic contract particip offer offici financ support repay term year mainten servic contract consult notif procedur transact aircraft exceed normal repay term set paragraph maximum allow term paragraph case sector understand subject prior notif paragraph arrang paragraph arrang appli repay term review provis chapter subject review annual spring meet particip arrang review particip examin modif provis notabl order bring closer market condit addit market condit customari financ practic chang consider particip entitl special review provis note refer appendix illustr list similar aircraft introduc futur cover sector understand ad list due list exhaust serv type aircraft includ categori doubt aris larg civil aircraft gt tabl gt categori aircraft turbin power aircraft includ helicopt turbo jet turbo prop turbo fan aircraft gener seat case larg turbin power aircraft seat develop consult held request view agre classif aircraft categori chapter understand view competit situat gt tabl gt categori aircraft turbin power aircraft includ helicopt gt tabl gt currenc cocktail financ consist percentag currenc german mark ecu french franc ecu pound sterl dollar ecu currenc cocktail consist percentag currenc german mark ecu provision french franc ecu provision pound sterl dollar ecu provision constant matur averag previou calendar week publish luxembourg stock exchang long term bond seri averag previou calendar week oper purpos paragraph understood test sampl includ case financ option offer particip activ interest rate adjust place sale aircraft option conclud separ transact term sale aircraft signifi separ aircraft sold includ sampl unti grant exclud ban aid endeavour made inter alia respect willing respond favour invit particip consult possibl achiev condit close market match