{
  "url": "https://openlegislation.uk/eu-decision-2010-608/annex-I",
  "json_url": "https://openlegislation.uk/eu-decision-2010-608/annex-I.json",
  "legislation": "eudn/2010/608",
  "legislation_title": "Commission Decision of 18 November 2009 on State aid C 10/09 (ex N 138/09) implemented by the Netherlands for ING’s Illiquid Assets Back Facility and Restructuring Plan (notified under document C(2009) 9000) (Only the English text is authentic) (Text with EEA relevance) (2010/608/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2010-608",
  "path": "annex/I",
  "kind": "annex",
  "number": "I",
  "heading": null,
  "text": "As regards the impaired asset measure the following commitments have to be respected:\nStarting 25 October 2009, ING Group will make additional payments to the Netherlands, corresponding with an adjustment of the Alt-A remuneration of – 50 basis points on the funding fee received by ING and of + 82,6 basis points on the guarantee fee paid by ING. The guarantee fee related adjustment includes 15,6 basis points representing an adjustment for the period from 26 January 2009 — the start of the IABF (that is to say the A measure) — until 25 October 2009. The additional payments will be applied to the extent and duration that the IABF agreement is in place.\nThe additional payments will be implemented in the form of a separate agreement between ING Group and the Netherlands, in order to keep the original IABF intact.\nThe additional payments, excluding the part related to the period between 26 January 2009 and 25 October 2009 (that is to say the 15,6 basis points included in the guarantee fee related adjustment) have no residual settlement in case of an early unwinding of the IABF. The amount of the unpaid additional payments that relates to the period between 26 January 2009 and 25 October 2009 (that is to say the 15,6 basis points included in the guarantee fee related adjustment) will become payable in case of partially or wholly unwinding of the original transaction. If the IABF is partially unwound, this early redemption settlement would be applied proportionally.\nThe Netherlands commits to notify any measures of early full or partial unwinding of the IA measure to the Commission.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2010/608/annex/I",
    "retrieved_at": "2026-11-01T15:16:00.036035+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}