Conseil des Marchés Financiers

A professional body created in 1996 to replace the Conseil des Bourses de Valeurs and the Conseil du Marché à Terme, the CMF is responsible for regulating and monitoring investment services other than third party asset management. It thus supervises trade in financial instruments, clearing, account administration, new issues and the administration of public offerings. It also approves central securities depositories and their general operating regulations, as well as systems used for clearing and settlement of securities transactions. The CMF's 16 members are appointed by the Ministry of the Economy and Finance, and include representatives of intermediaries (6), commodity markets (1), issuers (3), investors (3) and professional working in the sector (1), as well as two well-known experts in the field. NYSE Euronext Glossary

Contango rate 0,085% of the value of the order; an amount the investor has to pay should he wishes to postpone his position on the Forward Market to the next fortnight period : backwardation or carry over. NYSE Euronext Glossary