By-laws of the Deposit Protection Fund

(3) The Banking Association may, in addition, request payments if it deems these
necessary with respect to the ban on placing banks in a better financial position
within the meaning of Section 5a (10), sentence 2 of the By-Laws of the Deposit
Protection Fund (especially with respect to previous measures taken by the
Fund pursuant to Section 2 (2) of the Fund). Corresponding checks shall be
conducted at least once a year. The amount of the payment requested from
the individual bank shall be calculated on the basis of the proportion of the
payment commitments of the individual bank to the total amount of payment
commitments.
(4) The requests pursuant to Subsections (1) to (3) shall be made in writing,
electronically or orally, stating the reason for the request and with confirmation
of receipt provided by the banks. The payment shall be due upon receipt by the
banks of the request.
Section 5 – Transfer of payment commitments
(1) The banks shall have the right, subject to the approval of the Banking
Association, to transfer agreements on the assumption of payment
commitments in accordance with Section 3 of this annex to other banks which
have concluded master agreements in accordance with Section 2 of this annex.
The transferee bank shall take over in full all the obligations resulting from
the agreement on the assumption of payment commitments and, in particular,
give an undertaking to the Banking Association that it will pay upon the first
request. On the transfer, the transferee bank shall assume the position of the
transferring bank with respect to the financial collateral provided in accordance
with Sections 7 and 8 of this annex for the transferred payment commitments if
and to the extent that the transferee bank does not provide financial collateral
of its own in accordance with Section 8 of this annex at the time of the transfer.
By-laws Annex to Section 5a (10)
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