| The EIB Group will continue to modernise and extend its range of intermediated SME loans through credit enhancement. |
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| In addition, the Bank releases, on request, aggregate data on intermediated loan financing, including country and sector breakdowns. |
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| In the case of intermediated investments, the monitoring is realised through reports provided by the intermediaries. |
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| Security interests for these intermediated securities cannot be granted by means of assignment. |
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| In a number of cases, the Bank intermediated its lending through a commercial bank which was able to offer the Bank an acceptable guarantee. |
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| It was stated that most of the transactions mentioned as not fitting in the draft Guide related to intermediated securities. |
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| However, no meeting is expected to be convened before the Committee of governmental experts on intermediated securities will have finalised its work. |
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| The ECB further notes that the introduction of a similar standard format for securities accounts comparable with the regime for IBAN could enhance the conflicts of law regime for intermediated securities. |
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| Also, as increasing financial investments are intermediated outside of the banking system, monetary authorities are losing some control over credit growth and the effectiveness of monetary policies is thereby limited. |
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| The DPO eliminated the agency problem associated with offerings intermediated by investment banks. |
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| Result 1 the non-Convention law considers that D lost his rights over the intermediated securities and only has a contractual claim against the intermediary or any person liable for the defectiveness of the entry. |
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| The national law prescribes that an attachment order aiming at impounding intermediated securities of an account holder has to be addressed to the account operator. |
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| Furthermore, the ECB participated in the activities of UNIDROIT, the International Institute for the Unification of Private Law, regarding a draft international convention on harmonised rules for intermediated securities. |
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| The legal constructs from which shareholders' rights emanate in the Member States are not always fully adapted to this modern form of intermediated holdings. |
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| For intermediated operations, the financing contracts and the practical provisions did not require environmental monitoring by the financial intermediaries after the investment screening and approval phases. |
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