1.Where Article 17(2)(i) applies the primary requirements within the meaning of Article 20(2) of Regulation (EEC) No 2220/85 shall be the following:
(a)not to withdraw a contract application;
(b)to place and to keep in storage at least 99 %, respectively 90 % for meat products, 98 % for olive oil and 95 % for cheeses of the contractual quantity for the contractual storage period, at the risk of contracting party within the meaning of Article 19 of this Regulation and under the conditions provided for in Article 22(1)(a);
(c)where Article 28(3) applies, to export the products in accordance with one of the three options listed therein.
2.Securities shall be released immediately where contract applications are not accepted.
3.Securities shall be released in respect of quantities for which the contractual obligations have been fulfilled.
4.Where the time limit for placing into storage as set out in Article 25(1) of this Regulation is exceeded, the security shall be forfeit in accordance with Article 23 of Regulation (EEC) No 2220/85.