The Commission's current proposal is without prejudice to any proposals to adjust the Community's medium-term balance-o
f- payments support instruments that the Commission might make in connection with implementation of the programme for liberalizing capital movements/.ANNEX THE COMMUNITY BALANCE-OF-PAYMENTS
SUPPORT INSTRUMENTS ] central banks effectively participating in the EMS exchange-rate mechanism, and short-term monetary
support, granted directly by the central banks - in the form of swaps or deposits - to the central bank of a Member State having a temporary balance-of
...[+++]- payments deficit due to unforeseen difficulties or to cyclical divergences, two Community instruments may be drawn upon for balance-of-payments support for a period of more than one year: medium-term financial assistance and the Community loan mechanism.