Subsection 1: Compulsory sureties covered by the surety guarantee mechanism.

Pursuant to article L. 313-50, the surety guarantee mechanism covers surety commitments granted by a credit institution or finance company authorised in France under: 1° Article 1799-1 of the Civil Code, Article 1 of Law no. 71-584 of 16 July 1971, as amended, designed to regulate the retention of guarantees in respect of works contracts as defined by 3° of Article 1779 of the Civil Code and Articles 13-1 and…

The following are excluded from any indemnification or assumption of liability by the surety guarantee mechanism: 1° Guarantee commitments made in favour of the following persons: a) Credit institutions, finance companies, portfolio management companies and investment firms, in their own name and on their own account; b) Insurance companies; c) UCITS and AIFs covered by paragraphs 1, 2 and 6 of sub-section 2, paragraph 2 or sub-paragraph 1 of paragraph…