{
  "url": "https://openlegislation.uk/eu-decision-2016-2057/annex-I/division-3/division-3.1",
  "json_url": "https://openlegislation.uk/eu-decision-2016-2057/annex-I/division-3/division-3.1.json",
  "legislation": "eudn/2016/2057",
  "legislation_title": "Commission Decision (EU) 2016/2057 of 2 May 2016 on the State aid and measures SA.29338 (2013/C-30) and SA.44910 (2016/N) in favour of HSH Nordbank AG (notified under document C(2016) 2689) (Only the German text is authentic) (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2016-2057",
  "path": "annex/I/division/3/division/3.1",
  "kind": "division",
  "number": "3.1",
  "heading": null,
  "text": "[Allocation of obligations under the guarantee] The contract on the provision of a guarantee framework concluded between HSH Finanzfonds AöR and HSH on 2 June 2009 will be amended as follows:\nAs remuneration for the receipt of the capital relief effect, OpCo will pay a 2,2 % basic premium on the part of the guarantee that has not yet been drawn.\nAll other obligations of HSH under the guarantee provision contract described in the authorisation decision of 20 September 2011, C 29/2009 (ex N 264/2009), i.e.\n(a) 2,2 % basic premium as remuneration on the drawn part of the guarantee;\n(b) 1,8 % basic premium as claw-back payment; and\n(c) 3,85 % additional premium, including the debtor warrant,\nincluding all existing balance-sheet reserves relating thereto, will be transferred to HoldCo with effect from 1 January 2016.",
  "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/2016/2057/annex/I/division/3/division/3.1",
    "retrieved_at": "2026-11-01T15:13:46.139371+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."
}