Demographic changes and the changing age structure of the population concerned are imposing ever-increasing burdens upon the Community pension scheme and require that the pension age be increased and the annual rate of accrual of pension rights be reduced, subject however to transitional measures for officials already in service.

Accruals denominated in foreign currencies shall be translated at the mid-market rate at the year-end and reversed at the same rate.

The difference between the spot and forward rates shall be treated as interest payable or receivable on an accruals basis for both purchases and sales.

The difference between the spot and the forward rates shall be treated as interest payable or receivable on an accruals basis for both purchases and sales.

a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index at a certain date (certain dates) during the coupon accrual period.

a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index at a certain date (certain dates) before the start of the coupon accrual period.

(29) Demographic changes and the changing age structure of the population concerned are imposing ever-increasing burdens upon the Community pension scheme and require that the pension age be increased and the annual rate of accrual of pension rights be reduced, subject however to transitional measures for officials already in service.

accounts and notes payable, long-term debt, liabilities, accruals and other claims payable at the present values of amounts to be disbursed in meeting the liability determined at appropriate current interest rates.

Demographic changes and the changing age structure of the population concerned are imposing ever-increasing burdens upon the Community pension scheme and require that the pension age be increased and the annual rate of accrual of pension rights be reduced, subject however to transitional measures for officials already in service.