16 OfficialJournaloftheEuropeanCommunities
5.2.65 OFFICIALJOURNALOFTHEEUROPEAN COMMUNITIES 255/65
COUNCILDECISION
of26January1965
onconsultationprocedureinmattersofcreditinsurance,creditguaranteesandfinancial
credits
(65/53/EEC)
HASDECIDEDASFOLLOWS :
Article1
Fortheconsultationprocedurelaiddownbythe
Councilon15May1962thereshallbesubstituted
theprovisionsoftheAnnextothisDecision.THECOUNCIL OFTHEEUROPEAN ECONOMIC
COMMUNITY ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ;
HavingregardtotheCouncilDecision1of27Sep­
tember1960settingupaPolicyCo-ordination Group
forCreditInsurance,CreditGuaranteesandFinan­
cialCredits;
HavingregardtotheCouncilDecision2of15May
1962layingdownaprocedureforconsultation
withinthePolicyCo-ordination GroupforCredit
Insurance,CreditGuaranteesandFinancialCredits;
HavingconsultedtheCommission ;
WhereastheoperationoftheCouncilDecisionof15
May1962hasshownthatcertainamendmentsshould
bemadetotheconsultationprocedure;Article2
ThisDecisionshallenterintoforceonthedayofits
publicationintheOfficialJournaloftheEuropean
Communities .
DoneatBrussels,26January1965.
FortheCouncil
ThePresident
M.COUVEDEMURVILLE1OJNo66,27.10.1960,p.1339/60.
2OJNo52,30.6.1962,p.1561/62.
ANNEX
CONSULTATION PROCEDURE INMATTERSOFCREDITINSURANCE ,CREDIT
GUARANTEES ANDFINANCIAL CREDITS
SectionI:Scope
1.ThegrantingofexportguaranteesorcreditsbytheStateorbyanyStatebodyshallbesubject
totheproceduresetouthereinafterinallcaseswhere:
—suchgrantingislinkeddirectlyorindirectlytotheexportofproductsoftheStateconcerned;
and

OfficialJournaloftheEuropeanCommunities 17
—itisproposedtoguaranteefullyorpartiallycreditshavingadurationofmorethanfiveyears
calculatedfromthestarting-points asdefinedbytheBerneUnion,ortograntsuchcredits,orto
departfromanyruleornormadoptedbycommonaccordoftheMemberStatesoftheCom­
munity.
2.Inaccordancewiththebasicrulelaiddowninparagraph1,thepresentprocedureshallapply,
inthemannerprovidedforinSectionII,inallcaseswheretheStateoranyStatebodyproposes:
A.tograntaguarantee,whetherdirectorindirect,fullorpartial,inrespectof:
—anysuppliercredit;
—anyfinancialcreditotherthanthosereferredtoinparagraph3ofthisSection;
—anylineofcreditforthesupplyofproductsoftheStateconcernedtoforeigncountries(in­
cludingcaseswherethenatureoftheproductshasbeendefinedonlyingeneralterms)or
anyindividualtransactionenteredintoonthebasisofsuchlineofcredit;
—anyindividualtransactionenteredintoonthebasisofoneofthetypesofoperationsetout
inparagraph3ofthisSection;
B.toconcludebasicagreementsconcernedsolelywiththefixingofguaranteelimitsforsupplier
creditsorforfinancialcreditsotherthanthosementionedinparagraph3(A)ofthisSection,or
tograntaguaranteeinrespectofanyindividualtransactionenteredintoonthebasisofsuch
anagreement .
3.Inaccordancewiththebasicrulelaiddowninparagraph1,thepresentprocedureshallapply
also,inthemannerprovidedforinSectionIII,inallcaseswheretheStateoranyStatebodypro­
poses:
A.tograntafinancialcreditexclusivelyoutofpublicfunds;
B.toconcludemixedcreditagreements,inwhichpublicfundsarecombinedwithsupplieror
financialcreditsfromprivatesources.
SectionII:ProcedureapplicableforoperationsofthetypessetoutinSectionI,paragraph2
1.Informationtobesuppliedatthetimeofconsultation
A.TheGroupmemberinitiatingconsultationshallfirstsupplythefollowingitemsofinformation :
(a)countryofdestination ;
(b)subjectmatterofthetransactionwithdescriptiongivingsufficientdetailsoftheoperation
topermitanappraisalofitsnatureandsize,togetherwithinformationconcerningthevalue
ofthetransactioncompiledbyreferencetoascaletobedrawnupbytheGroup;
(c)creditperiodrequested;
(d)termsandconditionsonwhichtheauthoritiesoftheexportingcountryproposetogrant
credit;
(e)reasonsputforwardforgrantingexceptionaltermsorconditions.
B.Theaboveinformationshallbesentassoonaspossibleafterthecompetentauthoritieshave
commencedtheirconsiderationofthecreditguaranteeinquestion,sothatthemembersofthe
Groupareabletoco-ordinatetheirpositionsingoodtime.Theexporterorthecreditinsti­
tutionconcernedshallbeaskedtoconsenttotheconsultationtakingplace;intheeventthatsuch
consentisnotgiventheMemberStatesshallundertaketoabide,inthatparticularcase,bythe
practicesoftheBerneUnionorbyanyruleornormadoptedbycommonaccordoftheMember
StatesoftheCommunity .
2.Recipientsofinformation
Theinformationrequiredunderparagraph1ofthisSection,thecomments,ifany,submittedby
theothermembersundertheprovisionsofparagraph3(A)andthenotificationprovidedforin

18 OfficialJournaloftheEuropeanCommunities
paragraph3(G)shallbetransmittedbytelextotherecipientsdesignatedbyeachMemberState,
bytheCommissionandbytheSecretariatoftheCouncils.
3.SubmissionofcommentsbyGroupmembers;consultativemeetings
A.AnyGroupmemberhaving,receivedtheinitialcommunication providedforinparagraphs1
and2ofthisSectionmay,withinsevencalenderdays:
—requesttheGroupmemberwhocommunicated theinformationtoprovideadditional
details;
—makecommentsorreservations ;
—request,inthecaseofanoperationwhichheconsidersofparticularimportance,thatthe
problemsrelatingtheretobe'discussedataconsultativemeeting.
B.Wherebythedateofexpiryoftheaforementioned periodnocommenthasbeenmade,the
Groupmemberwhoinstitutedtheconsultationmayassumethatthe.othermembersofthe
Grouphavenoobjectiontothetermsandconditionsproposedfortheoperation.
C.Wherecommentsorrequestsforadditionaldetailsareinfactmade,theGroupmember
whoinstitutedtheconsultationshallprovidetheadditionalinformationorreplytothecom­
ments.Thismustnormallybedonewithintheaforementioned periodofsevendays.
D.Where,beforeexpiryofthesaidperiod,amajoritycorresponding tothenumberofMember
Statesconsultedminusoneexpressesanunfavourableopinionontheoperationwithwhich
consultationisconcerned,theconsultingMemberStateshall,exceptinurgentcases,undertake
todeferitsdecisiononsuchoperationuntilaconsultativediscussioncanbeheld.
E.Theprocedureforconsultativemeetingsshallbeasfollows:
Consultativemeetings,whichshalltakeplaceinacommitteeoflimitedsizemaybeheldonthe
occasionofanymeetingoftheGrouporofitssubgroups.Meetingsshallalsobeconvened,if
anyGroupmembersorequests,betweenmeetingsoftheGrouporofitssubgroups,attheseat
oftheSecretariatoftheCouncils.
Groupmembersshallcommunicatetotherecipientsreferredtoinparagraph2ofthissection,
ifpossiblefourcalendardaysbeforetheconsultativemeeting,listsofthematterswhichthey
intendtosubmitfordiscussion.' (
F.Withoutprejudicetotheseven-daytimelimitprovidedforinAandCortotheundertaking
requiredunderD,theGroupmemberwhoinstitutedaconsultationinrespectofwhichdis­
cussionataconsultativemeetingwasrequestedshallneverthelessbeentitled,asanexceptional
measure,totakeanimmediatedecisionontheoperationproposed,shouldheconsiderthat
suchadecisioncannolongerbedelayed.
G.Inallcases,thefinaldecisiontakeninrespectofeachoperationshallbemadeknowntothe
othermembersoftheGroup;whereanyunfavourableopinionsexpressedbytheMember
Statesconsultedwerenotfollowed,thenotificationofsuchdecisionshallbeaccompaniedbya
statementofthereasonsforwhichtheconsultingMemberStatefounditselfunabletotake
accountofthoseopinions.
SectionIII:ProcedureapplicableforoperationsofthetypessetoutinSectionI,paragraph3
1.Priorinformation
A.AMemberStateproposingtograntafinancialcreditexclusivelyoutofpublicfundsortocon­
cludeamixedcreditagreementshallinformtheotherMemberStatesandtheCommission
thereofinadvance,suchinformationtoincludeinparticularthefollowingitems:
(a)thirdcountryconcerned;
.(b)descriptiongivingthebasictermsandconditionsofthefinancialcreditormixedcredit
agreementwhichitisproposedtograntorconclude;
(c)generalcontextofoperation.

19 OfficialJournaloftheEuropeanCommunities
B.Thisinformation 'shallbesentassoonaspossibleafterthecompetentauthoritieshavecom­
mencedtheirconsiderationoftheproposedfinancialcreditormixedcreditagreement.
TheinformationshallbetransmittedbytelextotheSecretariatoftheCouncilsbytheofficeof
thepermanentrepresentative oftheMemberStateconcerned;theSecretariatoftheCouncil
shallforthwithforwardsuchinformation,alsobytelex,tothepermanentrepresentatives ofthe
otherMemberStatesandtotheCommission .
2.Consultation
A.AnyMemberStateortheCommissionmay,withinsevencalendardaysofreceiptoftheinfor­
mationrequiredunderparagraph1ofthisSection,requestoralconsultation .
B.Thetransmissionofsuchrequestsshallbeeffectedasprovidedinparagraph1(B)ofthis
Section.
Whereoralconsultationisrequested,itshalltakeplacewithintheCommitteeofpermanent
representatives ,andatthefirstmeetingoftheCommitteeheldafteralapseoffourcalendar
daysfromthejlodgingofsucharequest.
3.Exceptionalcases
A.Where,inexceptionalcases,thegrantingofafinancialcreditexclusivelyoutofpublicfunds
ortheconclusionofamixedcreditagreementissourgentthatitisimpossibletoapplythepro­
cedurelaiddowninparagraph1ofthisSection,theMemberStateconcernedshallgivenotifi­
cationaftertheevent.
Suchnotificationshallbegivenimmediatelyafterthegrantingofthecreditortheconclusion
ofthemixedcreditagreementandmaybefollowedbyoralconsultation ,theprocedurefor
whichshallbesimilartothatlaiddowninparagraph2ofthisSection.
B.Where,followingthecommunication ofpriorinformationrequiredunderparagraph1ofthis
Section,arequestfororalconsultationismadeinaccordancewiththeprovisionsofparagraph
2,suchrequestforconsultationshallnotobligetheMemberStatewhichsuppliedtheinfor­
mationtodeferitsdecisionifitconsidersthatinthisexceptionalinstancethedecisioncannotbe
delayed.
4.Notificationoffinaldecisions
Thefinaldecisioninrespectofthegrantingofanyfinancialcreditexclusivelyoutofpublicfunds
withinthemeaningofthisSectionortheconclusionofanymixedcreditagreementwithinthe
meaningofthisSectionshallbecommunicated bytheMemberStateconcerned,ifsuchnotification
hasnotalreadybeengivenintheexceptionalcaseprovidedforinparagraph3(A).
Thecommunication ofthisinformationanditstransmission totheotherMemberStatesandtothe
Commissionshallbeeffectedasprovidedinparagraph1(B)ofthisSection.