EVROPSKI STANDARDI O DODATNIM FINANSIJSKIM SREDSTVIMA OBEZBEĐENjA

Dimitrijević Duško (Виши научни сарадник, Институт за међународну политику и привреду, Београд),

In this paper, the author analyses additional financial collateral in the EU. In that sense, he makes legal interpretations of the contents of the Directive 2002/47 of the European Parliament and of the Council on additional financial collateral (Directive 2002/477EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements) as the main instrument for limiting systemic risk inherent in the regime of international money payments. By adopting this document the EU authorised bodies set common rules on additional financial collateral which enables the application of a rapid, informal, and cheap enforcement procedure with the aim of ensuring financial stability. According to the author, a simple implementation procedure for the application of additional financial collateral arrangements ensures regular business with insolvent undertakings that are in the process of liquidation or reorganisation. This contributes to conducting of more efficient cross-border trade and achieving of the freedom of movement of capital and services in the EU market.

Ključne reči: Additional financial collateral, Directive 2002/47, liquidation, reorganisation, enforcement measures, European Union