IN THE SAME COUNTRY PROVIDED THE SAME SERVICE AT THE SAME PRICE .
D . REGULATION NO 17
( 44 ) PURSUANT TO ARTICLE 6 ( 1 ) OF REGULATION NO 17 , THIS DECISION SHALL TAKE EFFECT FROM 7 JULY 1982 , THE DATE OF THE NOTIFICATION .
( 45 ) IN ACCORDANCE WITH ARTICLE 8 ( 1 ) OF REGULATION NO 17 , THE EXEMPTION RESULTING FROM THIS DECISION SHALL BE GRANTED FOR THE INITIAL DURATION OF THE PACKAGE DEAL AGREEMENT ( POINT 16 ) , THAT IS TO SAY UNTIL 30 APRIL 1986 .
( 46 ) IN ORDER TO ENSURE TRANSPARENCY OF THE MARKET AND THE CUSTOMER'S FREEDOM OF CHOICE , IT IS NECESSARY THAT CUSTOMERS BE PRECISELY INFORMED OF THE PROCEDURE FOR , AND COST OF , USING UNIFORM EUROCHEQUES ABROAD .
IN FACT , THE DRAWING OF A UNIFORM EUROCHEQUE IN LOCAL CURRENCY IN A FOREIGN COUNTRY MAY BE SUBJECT TO A DIRECT COMMISSION CHARGED BY CERTAIN ACCEPTING INSTITUTIONS WHICH APPLY THE AGREEMENT ONLY IN PART ( POINT 22 ) . AS A RULE , IT ALSO INVOLVES , IN ADDITION TO A 1,25 % COMMISSION PAID TO THE ACCEPTING INSTITUTION , OTHER COMMISSIONS CHARGED BY THE NATIONAL CLEARING CENTRE AND/OR BY THE ISSUING INSTITUTION ITSELF , SUCH AS :
- A MINIMUM COMMISSION FOR EACH UNIFORM EUROCHEQUE DRAWN ,
- AN EXCHANGE COMMISSION , LEVIED BY THE CLEARING CENTRE AT THE TIME OF CONVERSION INTO THE DRAWER'S CURRENCY ,
- HANDLING AND CLEARING COMMISSIONS , ETC .
( 47 ) CUSTOMERS SHOULD BE INFORMED OF THESE VARIOUS COMPONENTS OF THE COST BY THE POSTING UP OF NOTICES IN BANKS , BY THE ISSUING OF LEAFLETS OR BY ANY OTHER SUITABLE METHOD . SIMILARLY , THE STATEMENT SENT TO THE CUSTOMER WHEN DEBITING HIS ACCOUNT WITH THE OPERATION SHOULD , IN PRINCIPLE , CLEARLY INDICATE
- THE RATE OF EXCHANGE APPLIED FOR CONVERTING THE AMOUNT DRAWN IN A FOREIGN CURRENCY ,
- THE 1,25 % COMMISSION PAID TO THE PAYEE BANK ,
- THE ADDITIONAL COMMISSIONS CHARGED BY THE CLEARING CENTRE AND/OR THE DRAWEE BANK .
( 48 ) ACCORDINGLY , THE NATIONAL EUROCHEQUE ASSOCIATIONS IN THE COMMUNITY SHOULD BE REQUIRED , PURSUANT TO ARTICLE 8 ( 1 ) OF REGULATION NO 17 , TO ORDER THEIR MEMBERS , IN SO FAR AS THEY HAVE NOT DONE SO ALREADY , TO INFORM THEIR CUSTOMERS IN EXACT DETAIL
- AS ACCEPTING INSTITUTIONS , OF ANY COST WHICH MAY BE INCURRED FOR ENCASHING UNIFORM EUROCHEQUES DRAWN IN LOCAL CURRENCY ON A FOREIGN BANK ,
- AS ISSUING ESTABLISHMENTS , OF THE PARTICULARS OF THE COSTS INCURRED IN USING UNIFORM EUROCHEQUES ABROAD .
THE NATIONAL ASSOCIATIONS CONCERNED SHOULD FORWARD TO THE COMMISSION THE TEXT OF THE CIRCULARS SENT TO THEIR MEMBERS PURSUANT TO THIS DECISION .
( 49 ) TO ENABLE THE COMMISSION TO VERIFY THAT THE CONDITIONS FOR THE EXEMPTION CONTINUE TO BE MET THROUGHOUT ITS DURATION , EUROCHEQUE INTERNATIONAL SHOULD BE REQUIRED TO BRING TO