# Decision of the European Central Bank of 14 November 2008 on the implementation of Regulation ECB/2008/11 of 23 October 2008 on temporary changes to the rules relating to eligibility of collateral (ECB/2008/15) (2008/874/EC), Article 4: Notification to the debtor

Extent: E+W+S+N.I.

1. The counterparty shall be required to notify the debtor under a syndicated loan agreement of the mobilisation of such syndicated loan as collateral before or immediately following mobilisation of such loan. Such notification shall be given in accordance with the applicable procedures as specified in the syndicated loan agreement.
2. Paragraph 1 is without prejudice to the right of the relevant NCB to notify the debtor.

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Source: https://www.legislation.gov.uk/eudn/2008/15/article/4 (the official version)
Page: https://openlegislation.uk/eu-decision-2008-15/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.