regul ec european parliament council decemb amend council regul ec reclassif settlement swap arrang forward rate agreement text eea relev european parliament council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european central bank act accord procedur laid articl treati council regul ec june european system nation region account commun refer framework common standard definit classif account rule draw account member state statist requir european commun order obtain compar result member state esa sna swap defin quot contractu arrang parti agre exchang time predetermin rule stream payment amount indebted quot quot preval varieti interest rate swap currenc swap quot origin version esa sna interest flow exchang counterpart kind swap forward rate agreement consid financi transact record properti incom item interest problem rais statement commiss consid exclud interest flow properti incom manner similar revis sna record flow financi transact item financi deriv includ esa entitl quot secur share quot specif treatment flow defin data transmit excess deficit procedur committe statist programm european commun establish decis eec euratom committe monetari financi balanc payment statist establish decis eec consult accord articl decis adopt regul articl annex council regul ec amend accord annex regul articl regul enter forc dai public offici journal european commun regul bind entireti directli applic member state brussel decemb european parliament presid fontain council presid vandenbrouck oj oj opinion european parliament march publish offici journal decis council novemb oj regul amend commiss regul ec oj oj oj decis amend decis ec oj annex annex council regul ec amend chapter paragraph replac quot payment result kind swap arrang consid interest record properti incom paragraph rel financi deriv similarli transact forward rate agreement record properti incom paragraph quot chapter paragraph point replac quot swap market tradabl offset swap contractu arrang parti agre exchang time predetermin rule stream payment amount indebted preval varieti interest rate swap foreign exchang swap currenc swap name cross currenc interest swap interest rate swap involv exchang interest payment charact fix rate float rate float rate fix rate currenc float rate foreign exchang swap includ forward contract transact foreign currenc rate exchang state advanc currenc swap involv exchang amount currenc subsequ repay includ interest repay flow time predetermin rule result payment consid properti incom system settlement record financi account forward rate agreement fra market tradabl offset fra contractu arrang parti order protect interest rate agre interest paid settlement date base notion amount princip exchang payment relat differ agreement rate prevail market rate time settlement payment consid properti incom system record item financi deriv quot paragraph point replac quot explicit commiss paid receiv broker intermediari arrang option futur swap deriv contract treat payment servic account parti swap consid provid servic payment parti arrang swap treat payment servic swap arrang princip amount exchang flow record transact underli instrument stream payment exclud commiss record item financi deriv premium paid seller option conceptu consid includ servic charg practic distinguish servic element full price record acquisit financi asset buyer incid liabil seller swap contract involv exchang princip amount occur currenc swap initi exchang record transact underli instrument exchang transact financi deriv contract involv exchang princip transact record incept case implicitli financi deriv initi creat point subsequ swap equal princip amount current market differ expect futur market valu amount exchang amount contract payment current market futur stream contract deriv time record revalu account subsequ exchang princip govern term condit swap contract impli financi asset exchang price prevail market price asset counterpart payment parti swap contract contract differ market price contract price equal liquid asset liabil appli due date record transact financi deriv contrari flow swap arrang record transact financi deriv amount effect exchang transact financi deriv match total revalu gain loss durat swap contract treatment analog set respect option proce deliveri point institut unit swap forward rate agreement record item financi deriv asset side net asset posit net payment increas net convers swap net liabil record liabil side neg net payment increas net convers quot annex ad quot annex definit govern deficit purpos excess deficit procedur purpos member state report commiss excess deficit procedur laid council regul ec quot govern deficit quot balanc item quot net borrow net lend quot gener govern includ stream interest payment result swap arrang forward rate agreement balanc item codifi edpb purpos interest includ abovement flow codifi edpd oj regul amend regul ec oj quot