TITLE VIIU.K. FINANCING ARRANGEMENTS

Article 99U.K.European system of financing arrangements

A European system of financing arrangements shall be established and shall consist of:

(a)

national financing arrangements established in accordance with Article 100;

(b)

the borrowing between national financing arrangements as specified in Article 106,

(c)

the mutualisation of national financing arrangements in the case of a group resolution as referred to in Article 107.