Proposal for a Council Decision on consultation and information procedures in matters of credit insurance, credit guarantees and financial credits (Codified version)
Date: 2004-03-10
Institutions: European Commission
Subjects: codification of EU law, consultation procedure, credit, credit guarantee, credit insurance

COMMISSION OF THE EUROPEAN COMMUNITIES 

Brussels, 10.3.2004 
COM(2004) 159 final 

2004/0056 (CNS) 

Proposal for a 

COUNCIL DECISION 

on consultation and information procedures in matters of credit insurance, credit 
guarantees and financial credits 

(Codified version) 

(presented by the Commission) 

EN 

   EN 

 
 
 
 
1. 

2. 

3. 

4. 

1 
2 
3 

4 

EXPLANATORY MEMORANDUM 

In  the  context  of  a  people’s  Europe,  the  Commission  attaches  great  importance  to 
simplifying  and  clarifying  Community  law  so  as  to  make  it  clearer  and  more 
accessible to the ordinary citizen, thus giving him new opportunities and the chance 
to make use of the specific rights it gives him. 

This aim cannot be achieved so long as numerous provisions that have been amended 
several times, often quite substantially, remain scattered, so that they must be sought 
partly  in  the  original  instrument  and  partly  in  later  amending  ones.  Considerable 
research work, comparing many different instruments, is thus needed to identify the 
current rules. 

For  this  reason  a  codification  of  rules  that  have  frequently  been  amended  is  also 
essential if Community law is to be clear and transparent. 

On  1  April  1987  the  Commission  therefore  decided1  to  instruct  its  staff  that  all 
legislative acts should be codified after no more than ten amendments, stressing that 
this  is  a  minimum  requirement  and  that  departments  should  endeavour  to  codify  at 
even  shorter  intervals  the  texts  for  which  they  are  responsible,  to  ensure  that  the 
Community rules are clear and readily understandable. 

the  Edinburgh  European  Council 
The  Conclusions  of 
(December 1992) confirmed this2, stressing the importance of codification as it offers 
certainty as to the law applicable to a given matter at a given time. 

the  Presidency  of 

Codification  must  be  undertaken  in  full  compliance  with  the  normal  Community 
legislative procedure. 

Given  that  no  changes  of  substance  may  be  made  to  the  instruments  affected  by 
codification, the European Parliament, the Council and the Commission have agreed, 
by  an  interinstitutional  agreement  dated  20  December  1994,  that  an  accelerated 
procedure may be used for the fast-track adoption of codification instruments. 

is 

this  proposal 

The  purpose  of 
to  undertake  a  codification  of  Council 
Decision 73/391/EEC  of  3  December  1973  on  consultation  and  information 
procedures  in  matters  of  credit  insurance,  credit  guarantees  and  financial  credits3. 
The  new  Decision  will  supersede  the  various  acts  incorporated  in  it4;  this  proposal 
fully preserves  the  content of the  acts being  codified  and  hence  does  no  more  than 
bring  them  together  with  only  such  formal  amendments  as  are  required  by  the 
codification exercise itself. 

COM(87) 868 PV. 
See Annex 3 to Part A of the Conclusions. 
Carried out pursuant to the Communication from the Commission to the European Parliament and the 
Council – Codification of the Acquis communautaire, COM(2001) 645 final. 
See Annex III to this proposal. 

2 

 
 
  
 
                                                 
5. 

The codification proposal was drawn up on the basis of a preliminary consolidation, 
in  all  official  languages,  of  Decision  73/391/EEC  and  the  instruments  amending  it, 
carried out by the Office for Official Publications of the European Communities, by 
means  of  a  data-processing  system.  Where  the  Articles  have  been  given  new 
numbers, the correlation between the old and the new numbers is shown in a table set 
out in Annex IV to the codified Decision. 

3 

 
 
  
 
(cid:208) 73/391/EEC (adapted) 

2004/0056 (CNS) 

Proposal for a 

COUNCIL DECISION 

on consultation and information procedures in matters of credit insurance, credit 
guarantees and financial credits 

THE COUNCIL OF THE EUROPEAN UNION, 

Having  regard  to  the  Treaty  establishing  the  European  Community,  and  in  particular 
Article ⌦ 133 ⌫ thereof, 

Having regard to the proposal from the Commission, 

Having regard to the opinion of the European Parliament5, 

Having regard to the opinion of the European Economic and Social Committee6, 

Whereas: 

(1) 

Council  Decision  73/391/EEC  of  3  December  1973  on  consultation  and  information 
procedures in matters of credit insurance, credit guarantees and financial credits7 has 
been  substantially  amended8.  In  the  interests  of  clarity  and  rationality  the  said 
Decision should be codified. 

(cid:208)  

(2) 

By a Decision of 27 September 19609, the Council set up a Policy Coordination Group 
for Credit Insurance, Credit Guarantees and Financial Credits. 

(cid:208) 73/391/EEC Recital 1 

5 
6 
7 

8 
9 

OJ C 
OJ C 
OJ  L  346,  17.12.1973,  p.  1.  Decision  as  amended  by  Decision  76/641/EEC  (OJ  L  223,  16.8.1976, 
p. 25). 
See Annex III. 
OJ 66, 27.10.1960, p. 1339/60. 

4 

 
 
  
 
 
 
 
                                                 
(3) 

A consultation procedure in matters of credit insurance, credit guarantees and financial 
credits ⌦ is called for ⌫ , 

(cid:208) 73/391/EEC Recitals 2 and 3 
(adapted) 

HAS ADOPTED THIS DECISION: 

(cid:208) 73/391/EEC 

TITLE I 

GENERAL PROCEDURE 

SECTION I 

SCOPE 

Article 1 

(cid:208) 73/391/EEC Art. 1 (adapted) 

⌦ This Decision concerns ⌫ the procedure for consultation in matters of credit insurance, 
credit guarantees and financial credits. 

(cid:208) 73/391/EEC Annex, Art. 1 
(adapted) 
(cid:206)1 Corrigendum 73/391/EEC 
(OJ L 74, 19.3.1974, p. 31) 

Article 2 

⌦ 1. ⌫ 

Consultation  in  accordance  with  the  procedure  laid  down  in  Section  II  shall 
take place where it is proposed (cid:206)1 — by the State, any other State organisation or 
any State body for credit insurance or finance — (cid:205) to grant or guarantee, fully or 
partially, foreign credits: 

⌦ (a) ⌫ 

linked to exports of goods or services ⌦ ; ⌫ 

⌦ (b) ⌫  which depart from the norms listed in Annex I or from any other norm 

adopted by the Member States. 

5 

 
 
  
 
 
 
 
 
(cid:208) 73/391/EEC Annex, Art. 2 
(adapted) 

⌦ 2. ⌫ 

The consultation procedure shall be applicable: 

⌦ (a) ⌫  whether it concerns supplier credits or financial credits ⌦ ; ⌫ 

⌦ (b) ⌫  whether these credits form the subject-matter of individual contracts or 

global credit arrangements as described in Article 3 ⌦ ; ⌫ 

⌦ (c) ⌫  whether the credits are purely private or are sponsored fully or partially 

out of public funds. 

⌦ 3. ⌫ 

Mixed  credits  combining  public  and  private  funds  and  global  private  credit 
arrangements  combined  with  public  fund  interest  subsidies  shall  for  the  purpose  of 
⌦ the consultation ⌫ procedure be considered as public credits. 

(cid:208) 73/391/EEC 
(cid:206)1 Act of Accession of A, FIN 
and S Art. 29 and Annex I 

Article 3 

1. 

2. 

3. 

“Global credit arrangement” shall mean any understanding or statement, in whatever 
form,  whereby  the  intention  to  guarantee  supplier  or  financial  credits  or  to  open 
financial  credits,  up  to  a  specified  or  ascertainable  ceiling,  and  in  respect  of  a 
connected series of transactions, is made known to a third country or to exporters or 
to financial institutions. 

The  consultation  procedure  shall  be  applicable  to  these  global  arrangements  even 
where  the  nature  of  the  transactions  has  not  been  specified  and  no  formal 
commitment has been entered into, without prejudice to the right to decide on each 
particular contract. 

If, in the course of a consultation on the granting of a global arrangement — whether 
public or private in nature — a Member State or the Commission should request oral 
consultation  and  if  in  the  course  of  this  oral  consultation  (cid:206)1 seven (cid:205)  Member 
States should request that all or some of the individual contracts to be charged to this 
global arrangement constitute the subject of prior consultations, consultation shall be 
applicable to such contracts. 

Any  Member  State  which  has  granted  a  global  arrangement  shall,  at  a  date 
subsequent thereto, and every six months thereafter, give notification of the use made 
of that arrangement. 

6 

 
 
  
 
 
 
SECTION II 

PROCEDURE 

Article 4 

In the case of an individual contract, the Member State initiating consultation shall supply the 
following information: 

(a) 

(b) 

country of destination; 

location of the transaction or, failing that, address of head office of the contracting 
party in the country of destination; 

(c) 

characteristics of the transaction: 

⌦ (i) ⌫ 

nature  of  transaction:  type  of  material  and  approximate  number  of 

items to be supplied, 

(cid:208) 73/391/EEC (adapted) 

⌦ (ii) ⌫  value rating according to the scale given in Annex ⌦ II ⌫ , 

⌦ (iii) ⌫  whether buyers and any guarantors are public or private, 

⌦ (iv) ⌫ 

if  transaction  is  to  be  put  for  international  tender,  closing  date  for 

submission of tenders; 

(d) 

(e) 

principal credit terms applied for by proposed recipient; 

credit terms the authorities in the exporting country propose to offer: 

(cid:208) 73/391/EEC 

⌦ (i) ⌫ 

percentage payable on credit, 

(cid:208) 73/391/EEC (adapted) 

⌦ (ii) ⌫  duration  of  credit  and  starting-point  thereof  (e.g.  each  delivery,  last 

delivery, commissioning), 

⌦ (iii) ⌫ 

repayment rate, 

⌦ (iv) ⌫  where  repayment  is  not  to  be  effected  by  equal  instalments  at  regular 
intervals between the starting-point and termination of the credit, exact details 
of how this is to be effected (percentage of each instalment and exact date of 
payment), 

7 

 
 
  
 
 
 
 
⌦ (v) ⌫ 

amount  of  effective  interest  subsidy,  where  it  differs  from  that 
receivable under the normal system; interest rate if the credit is to be granted 
out of public funds, 

⌦ (vi) ⌫  credit  insurance  charges,  where  these  differ  from  those  payable  under 

the normal system, 

⌦ (vii) ⌫  scope and terms of any support for local expenditure; 

(f) 

precise  grounds  cited  for  not  applying,  or  departing  from,  the  norms  set  out  in 
Article ⌦ 2(1) ⌫  .  Where  they  obtain,  the  following  circumstances  must  be 
specified: 

⌦ (i) ⌫ 

aid credit; 

⌦ (ii) ⌫ 

competition  from  a  third  country  (with  indication  whether  or  not 

supported); 

⌦ (iii) ⌫ 

transaction  to  be  charged  to  a  global  arrangement  which  has  been  the 

subject of previous consultation. 

In  the  case  of  global  credit  arrangements,  the  Member  State  initiating  consultation  shall 
supply the following information: 

Article 5 

(a) 

(b) 

(c) 

(d) 

(e) 

country of destination; 

ceiling of global credit arrangement; 

purpose of credit: 

⌦ (i) ⌫ 

if known, place where transaction is to be carried out, 

⌦ (ii) ⌫ 

type of material, the supply of which is contemplated, 

⌦ (iii) ⌫  whether borrowers and any guarantors are public or private; 

credit terms as under Article 4(e) and eligibility requirements for individual contracts 
(e.g.  closing  dates  for  charging  to  global  credit  arrangement,  minimum  contract 
prices to be set, if any); 

(cid:208) 73/391/EEC 

precise  grounds  cited  for  not  applying,  or  departing  from,  the  norms  set  out  in 
Article ⌦ 2(1) ⌫  .  Where  they  obtain,  the  following  circumstances  must  be 
specified: 

(cid:208) 73/391/EEC (adapted) 

8 

 
 
  
 
 
 
⌦ (i) ⌫ 

aid credit; 

⌦ (ii) ⌫ 

competition  from  a  third  country  (with  indication  whether  or  not 

supported). 

(cid:208) 73/391/EEC 

Article 6 

The following numbering shall be observed when transmitting information: 

(cid:208) 73/391/EEC (adapted) 

⌦ (a) ⌫ 

individual  contracts:  letter  corresponding  to  the  consulting  Member  State 
followed  by  a  serial  number  for  each  year;  where  a  contract  is  charged  to  a  global 
arrangement, the numbering of such global arrangement shall also be indicated; 

⌦ (b) ⌫ 

global  private  credit  arrangements:  letter  “X”  followed  by  the  letter 

corresponding to the consulting Member State and a serial number for each year; 

⌦ (c) ⌫ 

public or mixed credits: letter “A” followed by the letter corresponding to the 

consulting Member State and a serial number for each year. 

(cid:208) 73/391/EEC 

Article 7 

In  order  to  enable  Member  States  to  coordinate  their  attitudes  in  due  and  proper  time,  the 
information  prescribed  under  Articles  4  and  5  must  be  transmitted  as  soon  as  possible  after 
initiation of the study either of the guarantees and the proposed credits proper, or of any other 
decision  which,  under  the  terms  of  national  regulations  or  national  administrative  practices, 
would constitute a prerequisite for the subsequent examination of such guarantees or credits. 

Article 8 

Where  there  are  changes  in  the  factors  justifying  departure  from  the  norms  or  if  new  basic 
terms of the credit are proposed which differ from those initially specified by the consulting 
Member State, renewed consultation shall take place under a revised reference. 

If, however, the new terms proposed are more restrictive, the Member State concerned shall 
be committed only to direct information under the initial reference. 

9 

 
 
  
 
 
 
 
Article 9 

The  information  specified  in  Articles  4  and  5,  the  replies  specified  in  Article  10  and  the 
notification referred to in Article 15 shall be transmitted by telex to recipients designated by 
each Member State, the Commission and the Secretariat of the Council respectively. 

All correspondence relating to a consultation shall bear the latter's number and an indication 
of the country of destination. 

1. 

Member States and the Commission may: 

Article 10 

(cid:208) 73/391/EEC (adapted) 

⌦ (a) ⌫ 

indicate that the terms proposed by the consulting Member State do not 

call for any comments; 

⌦ (b) ⌫ 

request the consulting Member State to provide additional details; 

⌦ (c) ⌫  make  comments  and  reservations  or  express  an  unfavourable  opinion; 
only  an  opinion  expressly  stated  to  be  an  “unfavourable  opinion”  shall  be 
considered to be such; 

⌦ (d) ⌫ 

request a consultative meeting. 

(cid:208) 73/391/EEC (adapted) 
(cid:206)1 Act of Accession of A, FIN 
and S Art. 29 and Annex I 

2. 

3. 

Where  transactions  subject  to  consultation  receive  an  unfavourable  opinion  from 
(cid:206)1 seven (cid:205) Member States, consultative meetings shall take place automatically. 

Except  where  Article  13  applies,  the  consulting  Member  State  shall  suspend  its 
decision  until  the  expiry  of  the  periods  prescribed  in  Article  11,  or,  where  a 
consultative meeting is due to take place automatically under paragraph 2, until such 
meeting has been held. 

Article 11 

The procedure prescribed in Article 10(1) must be initiated within a period of seven calendar 
days from the date of the introductory communication from the consulting Member State. 

Where  requests  for  additional  details  are  addressed  to  the  consulting  Member  State,  by  the 
date of expiry of the seven calendar-day time-limit at the latest, the latter must reply within 
five calendar days at the latest. 

10 

 
 
  
 
 
 
Participants  in  the  aforementioned  procedure  shall  be  allowed  a  maximum  period  of  three 
working  days  following  receipt  of  such  additional  details  within  which  to  express  their 
opinion. 

(cid:208) 73/391/EEC (adapted) 

Article 12 

Failure on the part of the Member States consulted or of the Commission to reply within the 
periods  prescribed  in  Article  11  shall  be  deemed  an  absence  of  comments  as  defined  in 
point (a) of Article 10(1). 

As soon as a Member State requesting additional details has notified the recipients referred to 
in  Article  9  of  failure  to  receive  a  reply  by  the  date  of  expiry  of  the  period  prescribed  in 
⌦ the  second  paragraph  of ⌫  Article  11  a  consultative  meeting  shall  take  place 
automatically and Article 10(3) shall apply. 

Article 13 

As an exceptional measure, the consulting Member State may take an immediate decision on 
the transaction proposed if it considers that such decision can no longer be delayed. 

However, except in the case of public credits, ⌦ the first paragraph ⌫ shall not apply: 

⌦ (a) ⌫ 

in the case of the decision to grant or guarantee the credit being based only on 
intra-Community  competition.  However,  the  possibility  of  taking  an  immediate 
decision on transactions shall be permitted on terms which another Member State has 
already decided to support; 

⌦ (b) ⌫ 

to  the  extent  that  any  procedure  laid  down  in  an  international  context  and  to 
which all Member States are parties affords all participants, only the sole alternative, 
in cases of urgency, of reducing the normal periods for reply. 

(cid:208) 73/391/EEC 

Article 14 

Consultative  meetings  shall  be  held  on  the  occasion  of  any  meeting  of  the  Policy 
Coordination Group for Credit Insurance, Credit Guarantees and Financial Credits set up by 
the Council Decision of 27 September 1960, or of its subgroups. Further, if any Member State 
so  requests,  special  meetings  shall  be  convened  in  between  meetings  of  the  Group  or  of  its 
subgroups. 

Member  States  and  the  Commission  shall  communicate  to  the  recipients  referred  to  in 
Article 9, if possible four calendar days before the consultative meetings, lists of the matters 
which they intend to submit for discussion. 

Consultative meetings shall be held at the seat of the Secretariat of the Council. 

11 

 
 
  
 
 
 
Article 15 

In all cases the final decision taken in respect of each transaction shall be made known to the 
other Member States. The notification of such decision shall be accompanied by a statement 
of  the  reasons  for  which  the  consulting  Member  State  was  unable  to  take  account  of  any 
comments, reservations or unfavourable opinions expressed by the partners consulted. 

TITLE II 

SPECIAL PROCEDURES 

Article 16 

Any  Member  State  may  ask  any  other  Member  State  whether  it  has  knowledge  of  a 
transaction which until then has not been the subject of consultation and, in particular, of the 
credit terms alleged by an exporter or a financial institution. Should no reply to these requests 
for details be forthcoming  within seven calendar days, the enquiring Member State shall be 
entitled to consider that the Member State consulted has knowledge of this matter and that the 
alleged credit terms are deemed to have been established. In accordance with the procedure 
prescribed  under  Title  I,  the  enquiring  Member  State  shall  have  the  right  to  institute  a 
consultation while indicating expressly that it is motivated by a competitive situation which is 
deemed to have been established. 

If consultation has already been initiated by a Member State and another Member State which 
is  called  upon  to  support  the  same  transaction  questions  the  first-mentioned  State  as  to  its 
final position, failure to reply to such questioning on the expiry of a period of five working 
days  shall  authorise  the  enquiring  Member  State  to  consider  that  the  Member  State  thus 
questioned has supported the matter on the terms indicated during consultation. 

Article 17 

Untied credits departing from the norms set out in Annex I or from any other norm adopted 
by  the  Member  States  shall,  within  the  framework  of  the  Policy  Coordination  Group  for 
Insurance Credit, Credit Guarantees and Financial Credits, entail notification: 

⌦ (a) ⌫ 

of  the  basic  components  of  credits  granted  in  the  course  of  the  preceding 

quarter; 

⌦ (b) ⌫ 

of the use made of untied credits at the close of the preceding year. 

(cid:208) 73/391/EEC (adapted) 

When  a  Member  State  concludes  with  a  third  country  an  agreement  which  refers  to  the 
possible grant of credits without specifying the precise terms thereof: 

Article 18 

12 

 
 
  
 
 
⌦ (a) ⌫ 

in the case of tied credits, it shall on conclusion of the agreement communicate 

the main features thereof to the recipients referred to in Article 9; 

⌦ (b) ⌫ 

in the case of untied credits, the notifications provided for in Article 17 shall 

equally apply to such credits. 

(cid:208) 73/391/EEC 

TITLE III 

PERIODIC REPORTS 

Article 19 

The Policy Coordination Group for Credit Insurance, Credit Guarantees and Financial Credits 
shall  submit  half-yearly  reports  on  the  application  of  the  procedure  referred  to  in  Titles  I 
and II. 

These periodic reports notwithstanding, supplementary reports shall also be drawn up, if the 
nature  and  importance  of  the  difficulties  encountered  in  the  application  of  the  relevant 
procedure so require. 

(cid:208)  

TITLE IV 

FINAL PROVISIONS 

Article 20 

Decision 73/391/EEC is repealed. 

References to the repealed Decision shall be construed as references to this Decision and shall 
be read in accordance with the correlation table in Annex IV. 

13 

 
 
  
 
 
 
(cid:208) 73/391/EEC Art. 2 

Article 21 

This Decision is addressed to the Member States. 

Done at Brussels, […] 

For the Council 
The President 
[…] 

14 

 
 
  
 
 
 
 
 
(cid:208) 73/391/EEC Annex 1 

ANNEX I 

COMMUNITY NORMS WHICH CANNOT BE DEPARTED FROM WITHOUT 
CONSULTATION 

A. 

DURATION OF CREDITS 

(cid:208) 76/641/EEC Art. 1 

The duration of any credit granted, whether supplier credit for financial credit, must 
not exceed five years calculated from the following starting points: 

1. 

Capital goods consisting of individual items usable in themselves (for example, 
locomotives): 

– 

the  mean  date,  or  actual  dates,  on  which  the  buyer  is  to  take  physical 
possession of the goods in his own country. 

2. 

Capital  goods  for  complete  plants  or  factories  where  the  supplier  has  no 
responsibility for commissioning: 

– 

the  date  on  which  the  buyer  is  to  take  physical  possession  of  the  entire 
goods (excluding spare parts) supplied under the contract. 

3. 

Construction  contracts  where  the  contractor  has  no  responsibility  for 
commissioning: 

– 

the date on which construction has been completed. 

4. 

Installation (or construction) contracts where the supplier (or contractor) has 
a contractual responsibility for commissioning: 

– 

the date on which the supplier (or contractor) has completed installation 
(or  construction)  and  preliminary  tests  to  ensure  that  it  is  ready  for 
operation, whether or not the installation (or construction) is handed over 
to the buyer at that time in accordance with the terms of the contract and 
irrespective  of  any  continuing  commitment  which  the  supplier  (or 
contractor) may have entered into, for example to guarantee its effective 
functioning or to train local personnel. 

5. 

In  the  case  of  points  2,  3  and  4,  where  the  contract  involves  the  separate 
execution of individual parts of a project: 

– 

the date of the starting-point for each separate part, or the mean date of 
those starting-points or, where the supplier has entered into a contract not 
for  the  whole  project  but  for  an  essential  part  of  it,  the  starting-point 
appropriate to the project as a whole. 

15 

 
 
  
 
 
 
B. 

PERCENTAGE OF LOCAL EXPENDITURE 

(cid:208) 73/391/EEC 

(cid:208) 73/391/EEC (adapted) 

In the case of guaranteed private credits, the balance of the local portion payable on 
credit must not exceed 5% of the contract price. 

However, consultation shall not be instituted in the case of contracts which provide 
for payment of the local portion to be made, at the latest, upon the expiry of a period 
of three months calculated from the final completion of the works or deliveries; 

For the proper interpretation of this rule: 

⌦ (a) ⌫ 

“balance  payable  on  credit”  shall  mean  the  balance  outstanding  after 
charging against the local portion all payments made on account in connection 
with the contract; 

⌦ (b) ⌫ 

“local  portion”  shall  mean 

the  contract  price 
representing  the  expenditure  the  exporter  expects  to  incur  on  the  spot  in  the 
way  of  payments  to  employees  and  others  and  payments  for  goods  and 
materials; 

that  portion  of 

⌦ (c) ⌫ 

“contract” shall mean any type of contract for the supply of goods and 
materials;  for  the  carrying  out  of  work;  mixed  (i.e.  supply  and  works) 
contracts; 

⌦ (d) ⌫ 

“payments  on  account”  shall  mean  all  the  sums  payable  between  the 

placing of the order and final completion of the works or deliveries. 

(cid:208) 73/391/EEC 

C. 

LEASING CONTRACTS 

For  the  purposes  of  application  of  the  rules,  which  are  the  subject  of  the  present 
Decision,  leasing  contracts  shall  be  treated  as  credits.  Where  their  total  duration  is 
not  expressly  restricted,  such  duration  shall  be  regarded  as  being  in  excess  of  five 
years. 

___________

16 

 
 
  
 
 
 
 
(cid:208) 73/391/EEC Annex 2 

ANNEX II 

SCALE OF VALUES TO BE USED 

(cid:208) 76/641/EEC Art. 2 

Category I: 

up to 

750 000 special drawing rights. 

Category II: 

from 

600 000 to 1 200 000 special drawing rights. 

Category III: 

from 

1 000 000 to 2 200 000 special drawing rights. 

Category IV: 

from 

2 000 000 to 3 200 000 special drawing rights. 

Category V: 

from 

3 000 000 to 5 000 000 special drawing rights. 

Category VI: 

from 

4 800 000 to 7 600 000 special drawing rights. 

Category VII: 

from 

7 400 000 to 11 200 000 special drawing rights. 

Category VIII: 

from 

10 000 000 to 22 000 000 special drawing rights. 

Category IX: 

from 

20 000 000 to 44 000 000 special drawing rights. 

Category X: 

over 

40 000 000 special drawing rights. 

___________ 

17 

 
 
  
 
 
 
(cid:207) 

ANNEX III 

Repealed Decision with its amendment 

Council Decision 73/391/EEC10 

(OJ L 346, 17.12.1973, p. 1) 

Council Decision 76/641/EEC 

(OJ L 223, 16.8.1976, p. 25) 

_____________ 

10 

Decision  73/391/EEC  was  also  amended  by  the  following  acts  which  have  not  been  repealed: 
- Act of Accession of Spain and Portugal (OJ L 302, 15.11.1985, p. 23); 
- Act of Accession of Austria, Finland and Sweden (OJ C 241, 29.8.1994, p. 21);  
(adapted by Council Decision 95/1/EC, Euratom, ECSC) (OJ L 1, 1.1.1995, p. 1). 

18 

 
 
  
 
 
                                                 
 
ANNEX IV 

CORRELATION TABLE 

Decision 73/391/EEC 

This Decision 

Article 1 

Article 2 

Article 1 

Article 21 

Annex, Article 1, introductory wording 

Article 2(1), introductory wording 

Annex, Article 1, first and second indents 

Article 2(1)(a) and (b) 

Annex,  Article 
introductory wording 

2, 

first 

paragraph, 

Article 2(2), introductory wording 

Annex, Article 2, first paragraph, first to third 
indents 

Article 2(2)(a) to (c) 

Annex, Article 2, second paragraph 

Article 2(3) 

Annex, Article 3 

Article 3 

Annex, Article 4(a) and (b) 

Article 4(a) and (b) 

Annex, Article 4(c), first to fourth indents 

Article 4(c)(i) to (iv) 

Annex, Article 4(d) 

Article 4(d) 

Annex, Article 4(e), first to seventh indents 

Article 4(e)(i) to (vii) 

Annex, Article 4(f) 

Article 4(f)(i) to (iii) 

Annex, Article 5(a) and (b) 

Article 5(a) and (b) 

Annex, Article 5(c), first to third indents 

Article 5(c)(i) to (iii) 

Annex, Article 5(d) 

Annex, Article 5(e) 

Article 5(d) 

Article 5(e), (i) and (ii) 

Annex, Article 6, introductory wording 

Article 6, introductory wording 

Article 6, first to third indents 

Article 6(a) to (c) 

Annex, Articles 7 to 9 

Articles 7 to 9 

Annex, Article 10(1), introductory wording 

Article 10(1), introductory wording 

Annex, Article 10(1), first to fourth indents 

Article 10(1)(a) to (d) 

Annex, Article 10(2) and (3) 

Article 10(2) and (3) 

19 

 
 
  
 
Annex, Articles 11 and 12 

Articles 11 and 12 

Annex, Article 13, first paragraph 

Article 13, first paragraph 

Annex,  Article  13, 
introductory wording 

second  paragraph, 

Article  13,  second  paragraph,  introductory 
wording 

Annex,  Article  13,  second  paragraph,  first 
and second indents 

Article  13,  second  paragraph,  points  (a)  and 
(b) 

Annex, Articles 14 to 16 

Articles 14 to 16 

Annex, Article 17, introductory wording 

Article 17, introductory wording 

Annex, Article 17, first and second indents 

Article 17(a) and (b) 

Annex, Article 18, introductory wording 

Article 18, introductory wording 

Annex, Article 18, first and second indents 

Article 18(a) and (b) 

Annex, Article 19 

_____ 

Article 19 

Article 20 

Annex 1, point A 

Annex I, point A 

Annex 1, point B, introductory wording 

Annex I, point B, first paragraph 

Annex 1, point B, first indent 

Annex I, point B, second paragraph 

Annex  1,  point  B,  subindents  1  to  4  of  the 
second indent 

Annex I, point B, third paragraph, (a) to (d) 

Annex 1, point C 

Annex I, point C 

Annex 2 

_____ 

_____ 

Annex II 

Annex III 

Annex IV 

______________ 

20