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Terminological databases

EKI terminibaas Esterm

ID 696728 Last modified 30.12.2004
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Domain EconomicsFinancial Affairs - Taxation & Customs
corrective factor preferred
correcting factor
correction factor
  • correcting factor - a coefficient which: - from 1 January 1993 is equal to the coefficient referred to in Article 6 (1) of Regulation (EEC) No 1677/85 and as applied on 31 December 1992, - thereafter, is altered by the Commission, whenever parities are realigned within the European Monetary System, in line with the highest revaluation of the central rate of the fixed currencies against the ecu.
corrective factor preferred
Usage examples
  • With effect from 1 February 1995, Article 13 (2) of Regulation (EEC) No 3813/92 alters the value in ecus of certain prices and amounts in order to neutralize the effects of the abolition of the corrective factor of 1,207509 which until 31 January 1995 affected the conversion rates used for agriculture ...
correcting factor
correction factor

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