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15.10.2013 Official
Journal
of
the
European
Union L
273/25
COMMISSION IMPLEMENTING REGULATION (EU) No 986/2013
of 14 October 2013
fixing the interest rates to be used for calculating the costs of financing intervention measures
comprising buying-in, storage and disposal for the 2014 EAGF accounting year
THE EUROPEAN COMMISSION,
(4)
Furthermore, in accordance with the third paragraph of
point I.2 of Annex IV to Regulation (EC) No 884/2006,
in the absence of any notification from a Member State,
in the form and by the deadline referred to in the first
Having regard to the Treaty on the Functioning of the European
paragraph of point I.2 of that Annex, the interest rate
Union,
borne by that Member State is to be considered as being
0 %. Where a Member State declares that it did not bear
any interest costs because it did not have agricultural
Having regard to Council Regulation (EC) No 1290/2005 of
products in public storage during the reference period,
21 June 2005 on the financing of the common agricultural
the uniform interest rate fixed by the Commission
policy (
applies to that Member State.

1 ), and in particular Article 3(3) thereof,
Whereas:
(5) With
the
exception
of
France
and
Sweden,
Member
States
have declared that they did not bear any interest costs as
they did not have any agricultural products in public
storage during the reference period. Moreover, during
(1) Article
4(1)(a)
of
Commission
Regulation
(EC)
No
the reference period, such Member States had reference
884/2006 ( 2 ) provides that expenditure relating to the
rates being higher than the uniform interest rate set for
financing costs incurred by Member States in mobilising
the Union. Finally, for Croatia the reference rates used
funds to buy in products is to be determined in
were the ones for the months of July and August 2013.
accordance with the methods set out in Annex IV to
that Regulation.
(6) Given
the
Member States’ notifications
to the
Commission, the interest rates applicable for the 2014
(2)
The first paragraph of point I.1 of Annex IV to Regu
EAGF accounting year should be fixed taking the various
lation (EC) No 884/2006 provides that the financing
factors into account.
costs in question are to be calculated on the basis of a
uniform interest rate for the Union fixed by the
Commission at the beginning of every accounting year.
This interest rate corresponds to the average of the three-
(7) The
measures
provided
for
in
this
Regulation
are
in
month and 12-month forward Euribor rates, recorded in
accordance with the opinion of the Committee on the
the six months preceding the notification from the
Agricultural Funds,
Member States provided for in the first paragraph of
point I.2 of that Annex, with a weighting of one third
and two thirds respectively. That rate is to be fixed at the
HAS ADOPTED THIS REGULATION:
beginning of each accounting year of the EAGF.
Article 1
(3) However,
in
accordance
with
the
second
paragraph
of
point I.2 of Annex IV to Regulation (EC) No
For expenditure relating to the financing costs incurred by
884/2006, if the interest rate notified by a Member
Member States in mobilising funds to buy in products
State is higher than the uniform interest rate fixed for
chargeable to the 2014 accounting year of the European Agri
the Union during the reference period, the uniform rate
cultural Guarantee Fund (EAGF), the interest rates provided for
is to apply. If the interest rate notified by a Member State
in Annex IV to Regulation (EC) No 884/2006 in accordance
is lower than the uniform interest rate fixed for the
with Article 4(1)(a) of that Regulation shall be the uniform
Union during the reference period, the interest rate for
interest rate fixed at 0,4 %.
that Member State is to be fixed at the level of the rate
notified.
Article 2
( 1 ) OJ L 209, 11.8.2005, p. 1.
( 2 ) Commission Regulation (EC) No 884/2006 of 21 June 2006 laying
This Regulation shall enter into force on the day of its
down detailed rules for the application of Council Regulation (EC)
publication in the Official Journal of the European Union.
No 1290/2005 as regards the financing by the European Agri
cultural Guarantee Fund (EAGF) of intervention measures in the
form of public storage operations and the accounting of public
storage operations by the paying agencies of the Member States
(OJ L 171, 23.6.2006, p. 35).
It shall apply from 1 October 2013.

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L 273/26
EN
Official Journal of the European Union
15.10.2013
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 14 October 2013.
For the Commission
The President
José Manuel BARROSO

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Document Outline

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