(b) [Insert the following when the notification is performed by the counterparty: When the notification is performed by the counterparty, a confirmation of the notification shall be sent by it to [insert name of CCB] by [email/post] to the following address: [insert email or postal address].]
Article 10
Mobilisation of credit claims
Where a credit claim has been registered and the notification requirements set out in Article 9 have been complied with, the credit claim may be mobilised as collateral. To mobilise a credit claim, a counterparty shall submit instructions to the HCB which shall transmit the instructions to [insert name of CCB] for further processing.
Article 11
Notification of the debtor and guarantor after the mobilisation of the credit claim
1. Notification of the debtor after the mobilisation of the credit claim [is/is not] required.
(a) [Insert if applicable: Notification has to be performed, according to [insert country adjective] law, after the mobilisation of the credit claim, by [the CCB/the counterparty].]
(b) [Insert the following when the notification is performed by the counterparty: When the notification is performed by the counterparty, a confirmation of the notification shall be sent by it to [insert name of CCB] by [email/post] to the following address: [insert email or postal address].]
2. Notification of the guarantor after the mobilisation of the credit claim [is/is not] required.
(a) [Insert if applicable: Notification has to be performed, according to [insert country adjective] law, after the mobilisation of the credit claim, by [the CCB/the counterparty].]
(b) [Insert the following when the notification is performed by the counterparty: When the notification is performed by the counterparty, a confirmation of the notification shall be sent by it to [insert name of CCB] by [email/post] to the following address: [insert email or postal address].]
Article 12
Changes affecting mobilised credit claims
1. A counterparty shall communicate any change in the core data elements concerning mobilised credit claims to the HCB within the course of the next business day.
2. The HCB shall share the information referred to in paragraph 1 with [insert name of CCB].
Article 13
Demobilisation of credit claims
A counterparty shall submit instructions to demobilise a credit claim to the HCB, which shall forward such instructions to [insert name of CCB] for further processing.
Article 14
Fees
[insert name of CCB] [charges/does not charge] fees for the mobilisation and management of credit claims. [Insert if fees are charged: Details of the fees charged are set out in the document entitled ‘Collateral management in Eurosystem credit operations – information for Eurosystem counterparties’, which is published on the ECB’s website. The HCB shall debit the fees on a monthly basis from the counterparty’s primary MCA in TARGET.]
ANNEX IV
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