h) Fighting against altering and forgery of banknotes, credit cards, securities and other valuable items.

each of the following items which the credit institution holds in respect of the entities defined in point (15) in which it holds a participation:

b) Subject to the provisions of German tax law regarding credit for foreign tax, there shall be allowed as a credit against German tax on income payable in respect of the following items of income the Slovenian tax paid under the laws of the Republic of Slovenia and in accordance with this Agreement:

As an alternative to the deduction of the items referred to in points 15 and 16, Member States may allow their credit institutions to apply mutatis mutandis methods 1, 2, or 3 of Annex I to Directive 2002/87/EC.

holdings in other credit and financial institutions of up to 10 % of their capital, the subordinated claims and the instruments referred to in Article 35 and Article 36(3) which a credit institution holds in respect of credit and financial institutions other than those referred to in points 12 and 13 of this subparagraph in respect of the amount of the total of such holdings, subordinated claims and instruments which exceed 10 % of that credit institution's own funds calculated before the deduction of items in points 12 to 16 of this subparagraph;

a) Unless foreign tax credit is to be allowed under sub-paragraph b), there shall be exempted from the assessment basis of the German tax any item of income arising in the Republic of Slovenia and any item of capital situated within the Republic of Slovenia which, according to this Agreement, may be taxed in the Republic of Slovenia.

Member States may provide that for the calculation of own funds on a stand-alone basis, credit institutions subject to supervision on a consolidated basis in accordance with Chapter 3 or to supplementary supervision in accordance with Directive 2002/87/EC, need not deduct the items referred to in points 12 to 16 which are held in credit institutions, financial institutions, insurance or reinsurance undertakings or insurance holding companies, which are included in the scope of consolidated or supplementary supervision.

bb) if after proper consultation the Federal Republic of Germany notifies to the Republic of Slovenia through diplomatic channels of other items of income to which it intends to apply the provisions of sub-paragraph b. Double Taxation is then avoided for the notified income by allowing a tax credit from the first day of the calendar year next following that in which the notification was made.

This indebtedness shall be reconciled and settled in accordance with the Resolution of the Government of the Russian Federation No. 931 dated December 29, 2001 ` On the Settlement of the Trade Indebtedness of the Former USSR to Foreign Trade Creditors` (Collected legislation of the Russian Federation, 2002,? 1, item 49) through conversion of such indebtedness into Russian Federation US dollar denominated bonds issued in accordance with the Resolution of the Government of the Russian Federation No. 478 dated June 23, 2000 ` On the Settlement of the Indebtedness of the Former USSR to Foreign Commercial Banks and Financial Institutions United in the London Club of Creditors` (Collected Legislation of the Russian Federation, 2000,? 28, Item 2976) provided that the debt satisfies the criteria set forth in the Declaration of the Government of the Russian Federation of October 1, 1994 ` On the Conversion of the Trade Indebtedness of the former USSR to Foreign Creditors` and the criteria determined in Resolution of the Government of the Russian Federation No. 931 dated December 29, 2001.

As an alternative to the deduction of the items referred to in (a) and (b) of the third subparagraph which the insurance undertaking holds in credit institutions, investment firms and financial institutions, Member States may allow their insurance undertakings to apply mutatis mutandis methods 1, 2, or 3 of Annex I to Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate(28). Method 1 (Accounting consolidation) shall only be applied if the competent authority is confident about the level of integrated management and internal control regarding the entities which would be included in the scope of consolidation.

As an alternative to the deduction of the items referred to in (a) and (b) of the fourth subparagraph which the insurance undertaking holds in credit institutions, investment firms and financial institutions, Member States may allow their insurance undertakings to apply mutatis mutandis methods 1, 2, or 3 of Annex I to Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate(22). Method 1 (Accounting consolidation) shall only be applied if the competent authority is confident about the level of integrated management and internal control regarding the entities which would be included in the scope of consolidation.

This indebtedness shall be reconciled and settled in accordance with the Resolution of the Government of the Russian Federation No. 931 dated December 29, 2001 ` On the Settlement of the Trade Indebtedness of the Former USSR to Foreign Trade Creditors` (Collected legislation of the Russian Federation, 2002, № 1, item 49) through conversion of such indebtedness into Russian Federation US dollar denominated bonds issued in accordance with the Resolution of the Government of the Russian Federation No. 478 dated June 23, 2000 ` On the Settlement of the Indebtedness of the Former USSR to Foreign Commercial Banks and Financial Institutions United in the London Club of Creditors` (Collected Legislation of the Russian Federation, 2000, № 28, Item 2976) provided that the debt satisfies the criteria set forth in the Declaration of the Government of the Russian Federation of October 1, 1994 ` On the Conversion of the Trade Indebtedness of the former USSR to Foreign Creditors` and the criteria determined in Resolution of the Government of the Russian Federation No. 931 dated December 29, 2001. 2. The Russian Party shall timely notify the Slovenian Party of any changes in the legislation of the Russian Federation related to the settlement of the trade indebtedness of the former USSR.

Member States may provide that, for the calculation of the solvency margin as provided for by this Directive, insurance undertakings subject to supplementary supervision in accordance with Directive 98/78/EC or to supplementary supervision in accordance with Directive 2002/87/EC, need not deduct the items referred to in (a) and (b) of the third subparagraph which are held in credit institutions, investment firms, financial institutions, insurance or reinsurance undertakings or insurance holding companies which are included in the supplementary supervision.

Member States may provide that, for the calculation of the solvency margin as provided for by this Directive, insurance undertakings subject to supplementary supervision in accordance with Directive 98/78/EC or to supplementary supervision in accordance with Directive 2002/87/EC, need not deduct the items referred to in (a) and (b) of the fourth subparagraph which are held in credit institutions, investment firms, financial institutions, insurance or reinsurance undertakings or insurance holding companies which are included in the supplementary supervision.

7. Credit and suretyship insurance shall cover the classes of insurance referred to in items 14 and 15 of the second paragraph hereunder.

(1) Risk-adjusted assets shall consist of the sum of the book-values of all assets and off-balance sheet items, reduced by the special provisions for these items, and weighted by the weighting of credit risk.

for credit institutions and other financial institutions, the sum of the following income items as defined in Council Directive 86/635/EEC(7), after deduction of value added tax and other taxes directly related to those items, where appropriate:

They shall mention, in particular, the type of revenue, the estimated amount thereof and the item to which it is to be credited and also the name and description of the debtor.

1. detailed criteria for classifying items according to the degree of risk for the purpose of evaluating credit risks and calculating special provisions that the bank is required to establish

4. the detailed method of calculating risk-adjusted assets by stipulating the weights for the weighting of credit risks and factors to be taken into account with respect to off-balance-sheet items

they shall show in particular the purpose of the expenditure, the estimated amount involved, if possible the currency of payment, the item to which it is to be charged and also the name and description of the creditor;

(1) A bank must, within the framework of prescribed and internal criteria, classify balance-sheet and off-balance-sheet asset items according to their level of risk and evaluate potential losses deriving from credit risks.

The turnover of a credit or financial institution in the Community or in a Member State shall comprise the income items, as defined above, which are received by the branch or division of that institution established in the Community or in the Member State in question, as the case may be;

Where an intervention measure referred to in Article 3 involves the buying-in and storage of products, the amount financed shall be determined by the annual accounts drawn up by the payment (1)OJ No L 94, 28.4.1970, p. 13. (2)OJ No L 295, 30.12.1972, p. 1. (3)OJ No C 131, 5.6.1978, p. 70. (4)OJ No L 298, 31.12.1972, p. 5. services or agencies, in which the various items of expenditure and revenue have been respectively debited and credited.

asset items carrying the explicit guarantees of Zone A credit institutions;

asset items constituting claims with a maturity of more than one year on Zone B credit institutions;

asset items constituting claims on Zone A credit institutions but not constituting such institutions' own funds;

Reverse repo transactions with credit institutions in connection with the management of security portfolios under this item

It is considered that these arguments only apply to 'export credits' as defined in item (k) of Annex I to the Basic Regulation.

asset items constituting claims with a maturity of one year or less carrying the explicit guarantees of Zone B credit institutions;

Subject to the limits imposed in Article 38, the unconsolidated own funds of credit institutions shall consist of the following items:

Annex III lays down the treatment of off-balance-sheet items in the context of the calculation of credit institutions' capital requirements.

A ratio which weights assets and off-balance-sheet items according to the degree of credit risk is a particularly useful measure of solvency.

There shall be no tied or partially untied aid credits (including tied and partially untied grants) for any item covered by the Sector Understanding.

Proposals shall show the purpose of the expenditure, the estimated amount involved, the budget item to which the expense is to be charged and the creditor.

The joint and several commitments of borrowers in the case of credit institutions organised as funds shall be treated in the same way as the preceding items.

asset items constituting claims on and other exposures to credit institutions, with a maturity of one year or less, but not constituting such institutions' own funds;

to import any product (except the items listed on the negative list) using the credits to offset the applicable import duties or transfer the licence to a third party.

(a) for credit institutions and other financial institutions, the sum of the following income items as defined in Council Directive 86/635/EEC fn, after deduction of value added tax and other taxes directly related to those items, where appropriate:

The items listed in points (1) to (5) of paragraph 2 must be available to a credit institution for unrestricted and immediate use to cover risks or losses as soon as these occur.

Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of security portfolios under asset item 'Other financial assets'.

Instead of the presentation of balance sheet items in accordance with Article 4, Member States may permit or require credit institutions, or certain classes of credit institution, to present those items classified by their nature and in order of their relative liquidity provided that the information given is at least equivalent to that otherwise required by Article 4.';

holdings in other credit and financial institutions of up to 10% of their capital, the subordinated claims-and the instruments referred to in Article 35 which a credit institution holds in respect of credit and financial institutions other than those referred to in point (12) in respect of the amount of the total of such holdings, subordinated claims and instruments which exceed 10% of that credit institution's own funds calculated before the deduction of items in point (12) and in this point.

By way of derogation from paragraphs 7(i) and 9, Member States may apply a weighting of 20% to asset items constituting claims on and other exposures to credit institutions, regardless of their maturity.

asset items constituting claims with a maturity of one year or less, on Zone B credit institutions, other than securities issued by such institutions which are recognised as components of their own funds;

Article 36(1) of this Directive permits joint and several commitments of borrowers in the case of credit institutions organised as cooperative societies or funds to be treated as own funds items under Article 34(2)(7).

Item (k) of Annex I to the ASCM which is reproduced in Annex I to the Basic Regulation provides for special rules for export credits which are exceptions to the general rules for the calculation of subsidies in the case of loans.

As already explained in the provisional Regulation in recitals 129 and 130, EXIM-EC (pre-ship-ment), EXIM-SM and EXIM-FIC loans are not considered to be 'export credits' and do not fall under item (k) of Annex I to the Basic Regulation.

Where the calculation is to be made on a consolidated basis, the consolidated amounts relating to the items listed under Article 34(2) shall be used in accordance with the rules laid down in Articles 52 to 56. Moreover, the following may, when they are credit ('negative') items, be regarded as consolidated reserves for the calculation of own funds: