+Article 12 1.

Article 12 1.

Members States may allow DGSs to lend to other DGSs within the Union on a voluntary basis, provided that the following conditions are met:

(a) 

the borrowing DGS is not able to fulfil its obligations under Article 9(1) because of a lack of available financial means as referred to in Article 10;

(b) 

the borrowing DGS has made recourse to extraordinary contributions referred in Article 10(8);

(c) 

the borrowing DGS undertakes the legal commitment that the borrowed funds will be used in order to pay claims under Article 9(1);

(d) 

the borrowing DGS is not currently subject to an obligation to repay a loan to other DGSs under this Article;

(e) 

the borrowing DGS states the amount of money requested;

(f) 

the total amount lent does not exceed 0,5 % of covered deposits of the borrowing DGS;

(g) 

the borrowing DGS informs EBA without delay and states the reasons why the conditions set out in this paragraph are fulfilled and the amount of money requested.

1. Oversigt

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1.1 Referencer

1.2 Identificerede krav

1.3 Relaterede standarder

2. Identificerede krav

Krav

3. Relaterede standarder

Standarder