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Article R512-12 of the French Monetary and Financial Code

Deposits of funds with a maximum maturity of two years received by the regional or local mutual agricultural credit banks benefiting from advances from the central body of Crédit Agricole must be used exclusively for short-term credit transactions. Caisses de crédit agricole mutuel that fail to comply with this requirement may not receive new advances from the central body of Crédit Agricole for medium-term loans or individual and group long-term…

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Article R512-13 of the French Monetary and Financial Code

Bonds issued by the Caisses de Crédit Agricole Mutuel with a maximum maturity of two years must be used in short-term credit transactions in accordance with the provisions of the first and second paragraphs of article R. 512-12. Bonds maturing in more than two years may be used in accordance with the provisions of the third paragraph of article R. 512-12.

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Article R512-14 of the French Monetary and Financial Code

Advances and loans to the regional branches of the central body of Crédit Agricole become immediately repayable in the event of a breach of the Articles of Association or amendments to the Articles of Association that would reduce the guarantees of repayment. They may become due and payable in the event of malfeasance on the part of the directors and managers of companies that have received advances or loans.

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Article R512-15 of the French Monetary and Financial Code

Advances and loans to the Regional Banks also become due and payable if repayments are not made within three months, except in exceptional circumstances approved in each case by the Board of Directors of the central body of Crédit Agricole. For the duration of the delay, repayments due and not made bear interest in favour of the Central Body of Crédit Agricole at a rate set at 5% per annum….

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Article R512-16 of the French Monetary and Financial Code

Funds allocated to the Regional Mutual Credit Banks by the central body of Crédit Agricole, either as advances for their own loans or advances, or for loans granted through them by the central body of Crédit Agricole, are made available to them upon presentation of evidence of their needs and may only be used to carry out transactions for which they have obtained the agreement of the central body of…

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