Decree No. 2001 - 1371 Of December 31, 2001, Relative To The Issuance Of The Treasury Securities

Original Language Title: Décret n° 2001-1371 du 31 décembre 2001 relatif à l'émission des valeurs du Trésor

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Summary 1. In his article for balance, Finance Act authorizes the Minister of economy, finance and industry to issue debt to cover the needs of the State Treasury. This article, which also specifies the scope of the transactions to which the Minister is allowed to proceed, returns each year to a decree. This Decree which aims article to balance the budget of the year Bill was intended to clarify the operational modalities for these different operations.2. The traditional main point of this Decree on the issuance of the Treasury securities is the description features of the monthly order describing the operations carried out in application of this Decree in the previous month. The characteristics are not changed from the decrees of the years anterieures.3. More generally and for the sake of transparency and clarification, the terms of the Decree have been light grooming on a number of points. Thus the elements of the Decree of the last year with no legal significance, not covered by the level of the decree or in other texts were removed. It is for example a passage on advertising to bond issues, a trait before paragraph to the driving conditions of delivered transactions in a framework has become obsolete or a line relating to the obligation of the State to cancel the titles that he has redeemed or exchanged. Application of article 8 of the amending finance law for 2000 (December 30, 2000 2000-1353) and 53 of the finance law for 2002 (2001-1276 of 28 December 2001).
Keywords ECONOMY, PUBLIC DEBT, LOAN, LOAN GOVERNMENT LOAN, GOOD TREASURY, RATE NORMAL, SHOW, TREASURY VALUE, OBLIGATION, TITLE, SECURITIES regulation FUND OF SUPPORT, OBLIGATION ASSIMILABLE TREASURY, OAT, FIXED RATE, VARIABLE RATE, ADVERTISING PRIOR, EURO, EXCHANGE, REDEMPTION, STATE TITLE, REPO, QUOTE, FINANCIAL MARKET, OPTION, OPA, OPV, CONTRACT A TERM JORF n ° 1, January 1, 2002, page 25 text no. 8 DECREE Decree No. 2001-1371 of December 31, 2001, relative to the issuance of the securities of the Treasury NOR : ELI ECOT0110445D: http://www.legifrance.gouv.fr/eli/decret/2001/12/31/ECOT0110445D/jo/texte Alias: http://www.legifrance.gouv.fr/eli/decret/2001/12/31/2001-1371/jo/texte Prime Minister, on the report of the Minister of economy, finance and industry, see article 8 of the amending finance law for 2000 (No. 2000) - 1353 of 30 December 2000;
See article 53 of the finance law for 2002 (No. 2001) - 1276 of 28 December 2001, Decree: Article 1 more on this article...

The Minister of economy, finance and industry is authorized to issue the negotiable public debt to fixed rate or variable rate, by tender or by syndication. The characteristics of these securities are defined by order of the Minister of economy, finance and industry. The Decree States including dates of maturity and payment of coupons.


Article 2 more on this article...

The Minister of economy, finance and industry is authorized to Exchange or buy back, in the market, all negotiable public debt. These exchanges and these purchases are optional for the holders of securities. Interest due by the State securities exchanged or redeemed are paid for the amount ran on the date of the Exchange or redemption.
The Minister of economy, finance and industry is authorized to perform operations of pensions on Government securities. The Minister of economy, finance and industry is authorized to perform operations of exchange of currencies or interest rates and purchases or sales of options or futures contracts.
The Minister of economy, finance and industry is authorized to issue to the benefit of the Fund of support of purchase of Treasury in current accounts and similar obligations pension of characteristics of the securities issued in accordance with article 1 of this decree or issued previously. Support of the Pension Fund is authorized to lend such securities.
The Minister of economy, finance and industry is authorized to perform operations of loans and deposits of liquidity on the interbank market in euros and from the States of the euro area.


Article 3 more on this article...

An order of the Minister of economy, finance and industry, published monthly in the Official Journal, described the operations carried out in application of this order during the previous month; It specifies notably:-the nominal amounts, due and dates of payment of coupons, rates, specifications and, if it is necessary, the issue price as a percentage of the nominal capital of each issue in application of article 1 of this Decree, as well as any terms of assimilation;
-the amounts of securities issued for the benefit of the support fund for pensions in accordance with article 2 of this order;
-the amount of securities exchanged or redeemed, as well as the conditions of these exchanges with these purchases;
-the nature and the total amount of operations for Exchange of currency or rate of interest and purchases or sales of Government Securities Futures or options;
-the debt stock taken or made in pension, at the end of the month, as well as an average for the month;
-the amount of loans and deposits of liquidity on the interbank market in euros and from the States of the euro area, at the end of the month, as well as averaged over the month.


Article 4 more on this article...

The Minister of economy, finance and industry is responsible for the execution of this Decree, which will be published in the Official Journal of the French Republic.


Done at Paris, on 31 December 2001.
Lionel Jospin by the Prime Minister: the Minister of economy, finance and industry, Laurent Fabius

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