2014/660/EU: Commission Implementing Decision of 11 September 2014 on the model o... (32014D0660)
2014/660/EU: Commission Implementing Decision of 11 September 2014 on the model of funding agreement for the contribution of the European Regional Development Fund and the European Agricultural Fund for Rural Development to joint uncapped guarantee and securitisation financial instruments in favour of small and medium-sized enterprises
- COMMISSION IMPLEMENTING DECISION
- of 11 September 2014
- on the model of funding agreement for the contribution of the European Regional Development Fund and the European Agricultural Fund for Rural Development to joint uncapped guarantee and securitisation financial instruments in favour of small and medium-sized enterprises
- (2014/660/EU)
- Article 1
- Article 2
- ANNEX
- [MANAGING AUTHORITY OF MEMBER STATE PARTICIPATING IN THE SME INITIATIVE]
- and
- [EUROPEAN INVESTMENT FUND]/[EUROPEAN INVESTMENT BANK]
- MODEL FUNDING AGREEMENT
- Article 1
- Definitions and Interpretation
- Article 2
- Purpose and Scope of this Funding Agreement
- Article 3
- Eligibility and exclusion criteria of the New Debt Finance
- Article 4
- General principles related to the implementation and management of the Dedicated Window[s]
- Article 5
- Objectives and Description of the Dedicated Window[s]
- Article 6
- Territorial Coverage
- Article 7
- Minimum Leverage Effect, Milestones and Penalties
- Article 8
- Tasks and obligations of the EIF
- Article 9
- Selection of Financial Intermediaries and Operational Agreements
- Article 10
- Governance
- Article 11
- MS Contribution
- Article 12
- EIF Contribution
- Article 13
- Dedicated Window[s] Account[s] and Treasury Asset Management
- Article 14
- Management Costs and Fees
- Article 15
- Accounting
- Article 16
- Operational and financial reporting
- Article 17
- Audits, Controls and Monitoring
- Article 18
- Evaluation
- Article 19
- Procurement of goods, works and services
- Article 20
- Visibility
- Article 21
- Publication of information on Financial Intermediaries
- Article 22
- Assignment
- Article 23
- Liability
- Article 24
- Governing Law and Jurisdiction
- Article 25
- Effectiveness — Termination
- Article 26
- Notices and Communications
- Article 27
- Amendments and miscellaneous
- Article 28
- Annexes
- ANNEX 1
- UNCAPPED GUARANTEE
- (16)
- INSTRUMENT
- SME Initiative — option 1
- SME INITIATIVE UNCAPPED GUARANTEE INSTRUMENT — OPTION 1
- SECURITISATION INSTRUMENT
- SME initiative — option 2
- SME INITIATIVE SECURITISATION INSTRUMENT
- ANNEX 2
- Exclusion criteria for Financial Intermediaries and Final Recipients and eligibility Criteria for the EU contribution
- 1. EXCLUSION CRITERIA FOR FINANCIAL INTERMEDIARIES
- 2. EXCLUSION CRITERIA FOR FINAL RECIPIENTS
- 3. ELIGIBILITY CRITERIA FOR THE EU CONTRIBUTION
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