The European Central Bank has similar mechanisms for its activities; It describes its methods as a four-step approach, with different objectives: in addition to its main objective of controlling and smoothing interest rates in the euro area, while controlling the liquidity situation in the market, the ECB also aims to use its operations to mark the course of monetary policy. whether and under what circumstances we will pay additional amounts, as provided for access to these obligations for every tax, taxation or burden of the state, and, if so, whether we will be able to repay those obligations instead of such a payment; For example, when an insider sells a significant portion of its shares through an open market transaction, the reasons set out in the notification could cause other investors to change their portfolios in response. If the reason was simply to use the stock options of a senior officer, it is very likely that outside investors will not react. Because open market transactions are done at the discretion of the insider, they sometimes identify his or her opinion of the action. For example, if the company reports a sharp increase in order inflows – and this information is publicly available – the insider could buy shares if he or she believes the company`s business is improving. This is why some investors constantly observe and follow insider buying. “Market” offers, as defined in Rule 415 of the Securities Act, at negotiated prices, at prices that predominate at the time of sale or at prices related to those current prices, including sales made directly on a national stock exchange or sales made through another market producer than on a stock exchange or other similar offers through distribution partners; or unless, as stated in the current consultation and specified in a prospectus supplement, the bonds may be issued without limitation in one or more series, guaranteed or unsecured, in any event from time to time in or as a result of the decision of our Board of Directors or the power conferred by the decision of our Board of Directors or under the conditions provided by the applicable committee. All bonds in a series must not be issued on that date and, unless otherwise stated, a series may be re-opened without the consent of the bondholders of that series for the issuance of additional bonds in that series. The applicable recovery may provide that we may issue bonds in any currency or currency unit we have designated. With the exception of restrictions on the consolidation, merger and sale of any or most of our assets that may be included in the current consultation, the terms of this register do not contain obligations or other provisions to protect bondholders with respect to our operations, our financial situation or transactions that affect us.