Energy Efficiency

Energy Efficiency

Directorate General

A situation where a loan is not paid back by the borrower, the final recipient, which triggers the use of the guarantee to cover the losses of the lender.

A facility that guarantees a portfolio (i.e. a collection/group) of loans to be made by a specialised financial institution to final recipients, for which the parameters have been defined but individual borrowers are not yet known because the loans are only about to be given.

A specialised financial institution (e.g. commercial lending banks) providing loans to final recipients of a guarantee financial instrument.

A body, governed by public or private law, carrying out tasks of a holding fund or specific fund.

A national ministry/regional authority/local council, or another public or private body responsible for the efficient management and implementation of an operational programme.

Тhe funds governed by the Common Provisions Regulation, which include the European Regional Development Fund (ERDF), the European Social Fund Plus (ESF+), the Cohesion Fund (CF), the European Aquaculture, Maritime and Fisheries Fund (EMFAF), the Asylum, Migration and Integration Fund (AMIF), the Internal Security Fund (ISF) and the Border Management and Visa Instrument (BMVI).

Member States are entrusted by the European Commission with the implementation of operational programmes and the allocation of funds to final recipients (e.g. SMEs, municipalities, natural persons etc.).

A fund through which a managing authority or a holding fund provides financial products to final recipients.