1. For the purposes of calculating the financing costs to be borne by the EAGF for the funds mobilised by the Member State for buying in products, the Commission shall fix a uniform interest rate in accordance with Article 20(4) of Regulation (EU) No 1306/2013 throughout the Union. The uniform interest rate shall correspond to the average of the 3-month and 12-month forward EURIBOR rates, recorded during a 6-month reference period which is to be determined by the Commission, with a weighting of one-third and two-thirds respectively. If the EURIBOR is not available, the average €STR, recorded during that 6-month reference period, shall be used.

2.  ►M1  In order to determine the applicable interest rates, the Member States shall notify the Commission, at its request, of the average interest rate they actually bore during the reference period referred to in point 1 no later than by the deadline referred to in that request. The notification shall be made using the form made available to the Member States by the Commission. ◄

3. For each Member State concerned, the interest rate determined on the basis of ►C1  the provisions of point 2 ◄ shall be compared with the uniform interest rate fixed on the basis of ►C1  the provisions of point 1. ◄ The interest applicable to each Member State shall be the lower of these two interest rates.

4. The Commission implementing regulation fixing the interest rate as referred to in point 3, second subparagraph, shall continue to apply until it is repealed by a new Commission implementing regulation fixing a new interest rate.

1. The calculation of the financing costs shall be subdivided according to the validity periods of the interest rates fixed by the Commission in accordance with Part I.

2. The financing costs referred to in Article 3(1)(a) shall be calculated by applying the Member State’s interest rate to the average value per tonne of the product bought in, and then multiplying the product thus obtained by the average stock for the accounting year.

3. Where a depreciation coefficient is fixed for a product in accordance with point 1 of Annex V, the value of the products bought in during the accounting year shall be calculated by deducting from the buying-in price the depreciation amount obtained by applying this coefficient.

4. In the case of products for which a second depreciation has been fixed pursuant to the second subparagraph of point 3 of Annex V, the calculation of average stocks shall be made before the actual date of each depreciation taken into account for the purposes of the average value.

5. Where the rules governing common market organisations stipulate that payment for a product bought in by an paying agency may not be effected until at least one month has elapsed from the date of taking over, the average stock calculated shall be reduced by a quantity resulting from the following calculation:

1. Where, for the sale of products by paying agencies, the rules governing the common market organization or notices of invitation to tender allow the purchaser of such products a period in which to remove them once payment has been made, and where such period exceeds 30 days, the financing costs calculated in accordance with Part II shall be reduced, in the accounts of the paying agencies, by the amount obtained from the following calculation:

2. In the case of sales of agricultural products by paying agencies based on specific Union regulations, where the actual period for payment after removal of such products exceeds 30 days, the financing costs calculated in accordance with Part II shall be increased in the accounts of the paying agencies by the amount obtained from the following calculation:

3. At the end of each accounting year, the financing costs referred to in paragraphs 1 and 2 shall be entered in the accounts for that agricultural financial year for the number of days to be considered until that date and the remainder shall be entered under the following accounting year.

(a) physical movement of cereals from means of transport to arrival at storage cell (silo or store compartment) - first transfer;

(b) weighing;

(c) sampling/analysis/establishment of quality.

(a) rent of premises at contract price;

(b) insurance costs (unless included under (a));

(c) pest control costs ensuring the initial quality of the product in store (unless included under (a));

(d) annual inventory (unless included under (a));

(e) ventilation, if any (unless included under (a)).

(a) weighing of cereals;

(b) sampling/analysis (if chargeable to intervention);

(c) physical removal and loading of cereals onto first means of transport.

(a) quality control of bone-in meat;

(b) weighing of bone-in meat;

(c) handling;

(d) contract cost of boning, including:

(a) rent of premises at contract price;

(b) insurance costs (unless included under (a));

(c) temperature control (unless included under (a));

(d) annual inventory (unless included under (a)).

(a) weighing;

(b) quality check (if responsibility of intervention authorities);

(c) transfer of meat from cold store to store’s loading bay.

(a) movement of butter from means of transport on arrival at store to storage cell;

(b) weighing and identification of packages;

(c) sampling/quality check;

(d) entry into cold store and freezing;

(e) second sampling/quality check at end of test period.

(a) rent of premises at contract price;

(b) insurance costs (unless included under (a));

(c) temperature control (unless included under (a));

(d) annual inventory (unless included under (a)).

(a) weighing and identification of packages;

(b) movement of butter from cold room to store loading bay if means of transport is a container, or loaded at store bay if means of transport is a lorry or railway wagon.

(a) movement of skimmed-milk powder from means of transport on arrival to storage chamber;

(b) weighing;

(c) sampling/quality check;

(d) check on marking and packaging.

(a) rent of premises at contract price;

(b) insurance costs (unless included under (a));

(c) temperature control (unless included under (a));

(d) annual inventory (unless included under (a)).

(a) weighing;

(b) sampling/inspection of goods (if responsibility of intervention authorities);

(c) movement of skimmed-milk powder to loading bay of store and loading, excluding stowage, on means of transport if a lorry or railway wagon; movement of skimmed-milk powder to loading bay of store if another means of transport, e.g. container.

1. Standard amounts to apply throughout the Union shall be established, by product, on the basis of the lowest costs recorded during a reference period beginning on 1 October of year n and ending on 30 April the following year.

2. ‘Costs recorded’ means the costs for the physical operations referred to in Annex II which took place during the reference period, on the basis of either individual invoices for these operations or a contract signed to cover them. If a stock of a given product exists during the reference period without there having been either entries or removals, the reference costs in the storage contracts for that product may also be used.

3. The Member States shall notify the Commission no later than 10 May of the costs mentioned in point 2 relating to the operations referred to in Annex II borne during the reference period. The standard amounts referred to in point 1 shall be established in euro on the basis of the weighted average of these costs recorded during the reference period in at least four Member States with the lowest costs for a given physical operation, if the latter correspond to at least 33 % of the average total stored quantities of the product in question during the reference period. Otherwise, the costs of other Member States shall be included in the weighting until the percentage attains 33 % of the stored quantities.

4. If fewer than four Member States place a given product in public storage or notify costs for a physical operation relating to a product referred to in Annex II, the standard amounts for that product shall be established on the basis of the costs recorded in the Member States concerned. However, the final standard amount for that product cannot differ from the previously established amount by more than 2 %.

5. If the costs for a product in storage declared by a Member State and used in the calculation referred to in points 3 and 4 are more than twice the arithmetic mean of the costs declared for this calculation by the other Member States, then that cost shall be reduced to the level of the arithmetic mean.

6. The costs used for the calculation referred to in points 3 and 4 shall be weighted on the basis of the quantities stored by the Member States included in the calculation.

7. The costs declared by Member States whose currency is not the euro shall be converted into euro on the basis of the average conversion rate for their currency during the reference period referred to in point 1.

1. The standard cost of removal from storage may be increased by an amount to be calculated by the Commission in accordance with Article 20(4) of Regulation (EU) No 1306/2013 provided that the Member State submits a declaration, covering the entire accounting year involved and the entire stock of the product in question, that it will not apply the tolerance limits referred to in Article 4(2) of Delegated Regulation (EU) No 907/2014 and will stand guarantee for the quantity.

2. The standard amounts established for the cost of entry into and removal from stores of all products in storage except for beef/veal shall be reduced by the following coefficients if the quantities concerned are not physically moved.

3. If there is no public storage in the accounting year concerned, the Commission implementing decision fixing the standard amounts shall continue to apply until it is repealed by a new Commission implementing decision fixing new standard amounts.

1. If, for a given product, the estimated selling price in public intervention storage is lower than the buying in price, a depreciation percentage, called the ‘k coefficient’ shall be applied at the time of buying in. It shall be fixed for each product at the beginning of each accounting year in accordance with Article 20(4) of Regulation (EU) No 1306/2013.

2. The depreciation percentage shall not exceed the difference between the buying in price and the estimated disposal price for each product concerned.

3. At the time of buying in, the Commission may restrict the depreciation to a fraction of the percentage calculated in accordance with point 2. That fraction may not be less than 70 % of the depreciation decided in accordance with point 1.

4. In the case of depreciations as referred to in the second subparagraph of point 3, the Commission shall fix overall depreciation amounts by product and by Member State before the beginning of the following accounting year.

5. The estimate of quantities in public storage and the carry-over values by product and by Member State shall be based on a notification from the Member States, sent to the Commission no later than 7 September of year n+1, relating to products in storage at 30 September of that year, including the following elements:

6. The values in national currency notified by the Member States whose currency is not the euro with a view to calculating the depreciation at the end of an accounting year shall be converted into euro using the rates applicable at the time the overall depreciation amounts are calculated for the end of that accounting year.

7. The Commission shall notify the overall depreciation amounts by product to each of the Member States concerned so that they can include these in their final monthly declaration of expenditure to the EAGF for the accounting year concerned.

1. Unless specific Union rules provide otherwise, a product shall be deemed to have deteriorated if it no longer meets the quality requirements applicable when it was bought in.

2. The value of products which have deteriorated or been destroyed shall be calculated depending on the type of cause, as follows:

1. Unless specific Union rules provide otherwise, entry, removal, storage and financing costs already entered in the accounts for each of the rejected quantities shall be deducted and taken into account separately, as follows:

2. The costs referred to in point 1 shall be booked under the physical operations in the month of removal.