COOPERATION AGREEMENTCooperation Agreement • September 23rd, 2016
Contract Type FiledSeptember 23rd, 2016’Bilateral-Spec’ visually indicates cross-references between the main body of the Agreement and the bilateral specifications in Schedule 2 (see definitions in ’Content’).
Cooperation Agreement under Article 14(5) of Directive 2014/49/EU of 16 April 2014 on deposit guarantee schemes Issuance date : ../../2016Cooperation Agreement • July 25th, 2016
Contract Type FiledJuly 25th, 2016According to Article 14(2) of Directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014 on deposit guarantee schemes (“DGSD” or the “Directive”), depositors at branches set up by credit institutions in another Member State shall be repaid by a DGS in the host Member State on behalf of the DGS in the home Member State. The DGS of the host Member State shall make repayments in accordance with the instructions of the DGS of the home Member State. The DGS of the host Member State shall not bear any liability with regard to acts done in accordance with the instructions given by DGS of the home Member State. The DGS of the home Member State shall provide the necessary funding prior to payout and shall compensate the DGS of the host Member State for the costs incurred.