The Home DGS’s duties Sample Clauses

The Home DGS’s duties. With respect to the Decision in relation to a Relevant Credit Institution established in the Home Country and following the identification of the Relevant Branch, the Home DGS shall: - Notify, as prescribed in Provision 6.2, the identity of the Relevant Branch to the Host DGS following the Payout Event. - Inform, as prescribed in Provision 6.2, the Host DGS of the characteristics of the Payout Event (including, as far as possible, a date for the provision of the Payment Instructions File; - identify and assign the appropriate and necessary resources including a contact person for the Payout Process; - prepare, test and secure the Exchange Mechanism for its part including through a test Payment Instructions File, to ensure the integrity of the Payment Instructions File transfer; - send the Payment Instructions File with accurate data through the Exchange Mechanism; - validate and transmit to the Host DGS the contents, tools and instructions for the communication with Host Depositors and media as defined in the Provision 12 hereinafter; - send the Payout Amount to the Host DGS in line with the process set forth in Provision 14; - handle and assess claims received from Host Depositors at Branch; - take all decisions in relation to the Compensation Claims; - take all decisions related to Temporary High Balances and provide the relevant information to the Host DGS for the completion of the Repayment; and - reimburse all Costs incurred by the Host DGS as required in the conditions defined in Provision 14. If any duties are necessarily required to be performed by the Home DGS for the proper performance of the Payout Process regardless or whether they are specifically described herein, they shall be deemed implied by an inclusion in the scope of the Home DGS’s duties.
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