Section 4: Guarantee for sureties.

Credit institutions and finance companies shall provide the beneficiaries of the surety undertakings referred to in article D. 313-26, as well as any person who so requests, with all relevant information on the surety guarantee mechanism, in particular the nature and extent of the cover offered.

Credit institutions and finance companies adhering to the surety guarantee mechanism must include the following statement in their surety bond contracts falling within the scope of articles D. 313-26 to D. 313-31 : “This commitment is covered by the surety guarantee mechanism mentioned in article L. 313-50 of the Monetary and Financial Code. “

Beneficiaries of the surety undertakings referred to in article D. 313-26 may obtain, on simple request to the Fonds de garantie des dépôts et de résolution, additional information on the conditions or deadlines for compensation as well as the formalities to be completed in order to be compensated.

Information intended for beneficiaries and documents relating to the conditions and formalities to be met in order to benefit from a payment under the surety guarantee mechanism are written in French, in a detailed and easily understandable manner.