Article L613-55-1 of the French Monetary and Financial Code
November 7, 2023
I. – The following commitments may not be written down or converted, regardless of the legal regime applicable to them: 1° Covered deposits defined in application of 2° of article L. 312-16 or covered by an equivalent system; 2° Guaranteed commitments, including guaranteed bonds, and commitments in the form of financial instruments used for hedging purposes which form an integral part of the hedging pool and which are guaranteed in…
