Publication: Magyar Közlöny
Issue: MK-2005-90 (Year: 2005, Number: 90)
Era: 2004-2010
Section: 
Paragraph Index: 12

g) star ting point of cre dit: to be de ter mi ned ac cor ding to the list of de fi ni ti ons set out in the k) point of Annex XI. of the OECD Arrang ement. Article 2 Establishment of the framework programme for financial co-operation The Go vern ment of the Re pu blic of Hung ary, in ac cor dan ce with its in ter na ti o nal de ve lop ment co-ope ra ti on po li cy, of fers a non-re fun da ble of fi ci al sup port through in te rest rate sup port and grant ele ment, to tied aid cre dits (fur ther on: tied aid cre dit line) dis bur sed by the Hung ari an Export-Import Bank Ltd. (fur ther on: Exim bank) with the fra me work con di ti ons set out in the pre sent Agree ment, avai la ble for fi nan cing in fra struc tu ral in vest ments and ot her highlighted re con struc tu ral pro gram mes in clu ded in the de ve lop ment aims of high im por tan ce of Bos nia and Her ze go vi na. The Go vern ment of Bos nia and Her ze go vi na ac cepts the tied aid cre dit line and, ac ting in ac cor dan ce with its own le gal sy stem and in ter na ti o nal obli ga ti ons, sup ports the re a li sa ti on of the pre sent fra me work pro gram me of tied aid cre dit by is suing so ver eign gu a ran ties or gu a ran ties of pay ment equal to them is su ed by the sta te to en su re the re pay ment of the cre dit spent and its ad di ti o nal char ges. Con trac ting Par ties ex press their wil ling ness with res pect to the par ti ci pants of the cre dit trans ac ti ons be long ing to the pre sent tied aid cre dit line will con firm by de cla ra ti ons that pur su ant to the pro vi si ons of the ac ti on 2005/90. szám sta te ment of the OECD on „Bri be ry and of fi ci al ly sub si di sed ex port cre dits” they did not par ti ci pa te in any bri be ry in re la ti on to the trans ac ti ons and they are not awa re of any cor rup ti on. Article 3 Amount of the tied aid credit line and its financial conditions The to tal va lue of the pro jects fi nan ced un der the tied aid cre dit line is ma xi mum EUR 15.000.000 that is Fif te en Mil li on Eu ros. The de fi ni ti ve en ga ge ment ari se on the ba sis of the in di vi du al cre dit ag re e ments conc lu ded with Exim bank. The con ces si o na lity le vel of cre dits pa y ab le un der the tied aid cre dit line is 35 per cent. Te nor of the cre dits dis bur sed un der the tied aid cre dit line sho uldn’t ex ce ed 11,5 ye ars, which pe ri od of time inc - lu des 1,5 year wa i ting pe ri od start ing 6 months af ter the start ing po int of cre dit as de fi ned in the OECD Ar ran ge - ment, and 10 ye ars pe ri od of re pa y ment of the cre dit. The dis bur se ment pe ri od of cre dits dis bur sed un der the tied aid cre dit line will be sti pu la ted in the spe ci fic cre dit ag re e ments de pen ding on the par ti cu lar pro ject. The dis bur se ment pe ri od sho uldn’t ex ce ed 2 ye ars. Re lat ing to the cre dits dis bur sed un der the tied aid cre dit line an in ter est rate will be set – de ter mi ned ac cor ding to the OECD Ar ran ge ment on the ba sis of the DDR va lid in the year of the sig ning of the in di vi du al cre dit ag re e ments, the pe ri od of imp le men ta ti on, the gra ce pe ri od and the re pa y ment term. This in ter est rate will be sti pu la ted in the in di vi du al cre dit ag re e ment and its me a su re re ma ins cons tant for the who le te nor of the cre dit. Re lat ing to the cre dits dis bur sed un der the tied aid cre dit line, a risk pre mi um sti pu la ted in the par ti cu lar cre dit ag re e ment will be char ged the me a su re of which is re gu la ted in the OECD Ar ran ge ment. Article 4 Utilisation of the tied aid credit line The tied aid cre dit line can be uti li sed for the re a li sa ti on of pro jects not ob jec ted by sig ners of the OECD Ar ran ge ment du ring the pro ce du re in con for mity with the ac cep tan ce ru les of the OECD Ar ran ge ment and the con sul ta ti on pro ce du re, res pec ti vely. Cont rac ting Par ti es ag ree that the Go vern ment of Bos nia and Her ze go vi na will apply the tied aid cre dit line for the re a li sa ti on of the wa ter ma na ge ment pro jects (furt her on: se lec ted pro jects) spe ci fi ed in the Ap pen dix for ming an in teg ral part of the pre sent Ag re e ment. The Par ti es also ag ree that the re a li sa ti on of the two pro jects is not jo int, eit her pro ject can be re a li sed if the con di ti ons of its re a li sa ti on are ful fil led. Its re a li sa ti on does not de pend on the ot her pro ject. The se lec ted pro jects will be re a li sed by Hun ga ri an ex ports thro ugh com pa ni es re gis te red in Hun ga ry. The fi nan cing re a li sed un der the tied aid cre dit line may inc lu de the fo re ign con tent in ca ses if at le ast 50 per cent of the ex port re a li sed by com pa ni es re gis te red in Hun ga ry qu a li fi es as of Hun ga ri an ori gin or if at le ast 25 per cent of the va lue of a const ruc ti on, as semb ling or main cont rac tor’s cont ract – ex ce e ding EUR 5 mil li on – per for med on the ter ri to ry of Bos nia and Her ze go vi na by a com pany re gis te red in Hun ga ry qu a li fi es as an ex port of Hun ga ri an origin. The Go vern ment of Bos nia and Her ze go vi na or the organisation ap po in ted by it for re a li sa ti on of the se lec ted pro jects cho o ses, in con for mity with its in ner prescrip - tions, ac ting in ac cor dan ce with the Good Pro cu re ment Prac ti ce for ODA, com pa ni es re gis te red in Hun ga ry ( further on: ex por ter) and gi ves the Fo re ign Mi nist ry of the Re pub lic of Hun ga ry in for mat ion abo ut its de ci si ons. Article 5 Acceptance procedure The Cont rac ting Par ti es, for ac cep tan ce of the pro jects fi nan ced un der the cre dit line as per the pre sent Ag re e ment, will fol low the pro ce du re be low:

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