commiss regul eec juli lai common detail rule applic system secur agricultur product commiss european commun regard treati establish european econom commun regard council regul eec octob common organ market cereal amend regul eec articl thereof provis regul common organ market respect agricultur product provis regul common organ market appli practic provid secur regard council regul eec march establish system product aid tin pineappl amend regul eec articl thereof regard council regul eec respons levi measur expand market milk milk product amend regul eec articl thereof regard council regul eec juli lai gener rule system aid cotton amend regul eec articl thereof regard council regul eec lai special measur pea field bean sweet lupin amend regul eec articl thereof regard council regul eec june monetari compensatori amount agricultur articl thereof numer provis commun agricultur regul requir secur ensur payment sum due oblig met experi shown requir practic interpret wide differ fashion order avoid unequ competit condit requir fulli defin particulaf form secur defin provis commun agricultur regul provid secur forfeit oblig secur breach make distinct breach fundament secondari subordin oblig interest equiti distinct drawn consequ breach fundament oblig consequ breach secondari subordin provis made permiss forfeitur part secur fundament oblig fact met deadlin set meet slightli exceed secondari subordin oblig met distinct consequ failur meet oblig made base advanc payment receiv secufr advanc cover separ rule cost lodg secur incur parti give secur compet author proport sum payment secur guarante sum limit compet author waiv requir secur payment sum limit compet author empow waiv requir secur natur person requir meet oblig make requir unnecessari compet author refus secur offer consid unsatisfactori time limit furnish evid need releas sum secur laid time limit laid connect repres rate convert sum secur express ecu nation currenc oper event refer articl council regul eec june unit account convers rate appli purpos common agricultur polici defin procedur secur forfeit laid commiss enabl monitor implement provis secur regul lai rule appli gener sector product commun legisl specif sector lai rule specif rule laid sector continu appli time cancel amend measur provid regul accord opinion relev manag committe adopt regul titl scope regul articl regul lai rule govern secur regul implement regul rule laid regul regul lai common organ market agricultur product regul eec oil fat regul eec milk milk product regul eec beef veal regul eec raw tobacco regul eec seed regul eec fruit veget regul eec cereal regul eec pigmeat regul eec egg regul eec poultrymeat regul eec rice regul eec product process fruit veget regul eec dri fodder regul eec wine regul eec sheepmeat goatmeat regul eec sugar regul eec fisheri product regul eec pineappl preserv regul eec correspons levi system aid cotton laid regul eec special measur pea field bean sweet lupin laid regul eec regul eec agrimonetari measur articl regul appli secur ensur payment import export duti refer articl council direct eec articl purpos regul secur assur sum monei paid forfeit compet author oblig met regul appli case regul refer articl provid secur meet definit term secur block secur secur made compet author purpos ensur oblig met oblig requir set requir impos regul perform refrain perform act compet author parti author accept secur parti author decid accord relev regul secur releas forfeit titl ii requir secur articl secur behalf parti respons pai sum monei due oblig met articl compet author waiv requir secur sum secur ecu made facil paragraph parti concern undertak write pai sum equal requir pai secur secur subsequ forfeit part articl appli secur relat import export licenc advanc fix certif articl compet author waiv requir secur parti respons meet oblig public bodi respons execut duti public author privat bodi execut duti state supervis articl secur sum fix ecu convert nation currenc repres rate secur connect advanc payment rate calcul amount advanc secur connect tender submit commun tender procedur rate forc dai submiss tender secur rate forc dai secur take effect block secur rate oper rate forc dai secur effect block secur titl iii form secur articl secur make cash deposit refer articl provid guarantor defin articl discret compet author secur provid mortgag pledg cash deposit bank pledg recogn claim public bodi public fund due payabl claim preced pledg secur negoti member state concern provid issu guarante state pledg bond issu mortgag credit associ list public stock exchang sale open market provid credit rate rank equal govern bond member state impos addit term accept secur type list paragraph articl compet author refus accept requir replac secur consid inadequ unsatisfactori provid cover suffici period articl asset mortgag accord articl secur bond pledg accord articl time secur dispos secur requir dispos secur bond assess quotat compet authrotii accept secur type list articl parti offer undertak write give addit secur replac origin secur dispos asset secur bond question period month secur requir written undertak nation law compet author regularli review asset secur bond dispos secur refer articl assess compet author take account cost dispos parti give secur request compet author provid proof dispos articl secur replac agreement compet author requir case origin secur forfeit realiz replac secur type list articl block secur replac block secur condit block secur cover part origin block secur assign time replac ensur fulfil oblig outstand articl secur express currenc member state relev compet author situat articl cash deposit transfer regard establish secur compet author satisfeid amount dispos articl chequ sum payment guarante financi institut recogn purpos member state compet author concern treat cash deposit compet author present chequ payment period guarante expir chequ refer paragraph constitut secur compet author satisfi amount dispos charg financi institut born parti give secur articl interest paid parti give secur form cash deposit articl guarantor normal resid establish commun subject provis treati freedom suppli servic approv compet author member state secur guarantor bound written guarante written guarante state oblig case block secur type oblig fulfil guarante payment sum monei maximum liabil pai guarantor accept guarantor undertak jointli sever parti respons meet oblig pai dai demand compet author sum limit guarante due secur declar forfeit compet author accept written telecommun guarantor constitut written guarante compet author accept step requir satisfi telecommun genuin written block guarante compet author determin procedur part block guarante alloc oblig articl part block secur assign oblig balanc block secur remain note titl iv advanc payment articl provis titl appli case specif regul sum advanc oblig met appli advanc payment made regul eec articl secur releas final entitl sum grant advanc establish sum grant addit provid specif regul repaid deadlin show final entitl sum grant pass product evid entitl compet author immedi follow procedur articl commun legisl evid produc date partial repay secur forc majeur provis commun legisl permit repay advanc condit appli circumst claim forc majeur notifi compet author dai dai inform receiv parti concern circumst indic case forc majeur arisen parti concern repai sum advanc relev part dai date compet author issu request repay condit laid respect term repay circumst forc majeur occur titl releas forfeitur secur refer titl iv articl oblig includ primari secondari subordin requir primari requir requir basic purpos regul impos perform refrain perform act secondari requir requir respect time limit fulfil primari requir subordin requir requir impos regul titl appli relev specif regul defin primari requir articl evid laid specif regul furnish primari secondari subordin requir fulfil secur releas articl secur forfeit full quantiti primari requir breach primari requir consid breach relev evid produc time limit set product evid case forc majeur procedur articl recov sum forfeit immedi evid primari requir met produc month deadlin subparagraph paragraph sum forfeit repaid evid primari requir met produc month deadlin circumst relev secondari requir met sum repaid sum repay articl relev part sum secur repay made evid primari requir respect produc month period refer paragraph expir articl evid laid specif regul produc period primari requir met circumst secondari requir breach partial releas secur made rest sum secur forfeit procedur articl recov sum forfeit proport secur releas secur cover relev part sum secur sum remain deduct dai maximum period dai exceed minimum period dai respect sum remain deduct dai maximum period dai exceed minimum period dai respect sum remain deduct dai maximum period dai exceed maximum period dai respect articl appli period appli import export licenc advanc fix certif period relat fix import export levi export refund tender articl breach subordin requir lead forfeitur relev part sum secur procedur laid articl recoveri sum forfeit immedi put effect articl appli circumst articl appli articl evid furnish primari requir respect secondari subordin requir breach articl appli total amount forfeit equal amount forfeit accord articl amount equal amount releas subordin requir fulfil articl total sum forfeit exce relev part sum secur articl secur request releas part relev evid furnish relat part quantiti product provid part minimum quantiti regul requir secur commun rule minimum quantiti compet author restrict number partial releas secur minimum sum releas releas part secur compet author requir written request releas furnish case secur cover accord articl sum requir secur part secur exceed releas remaind sum secur final releas forfeit articl period laid produc evid need releas sum secur period month time limit respect primari requir time limit month date primari requir met period laid paragraph exce year time secur assign oblig case forc majeur titl vi gener provis articl compet author awar circumst give rise forfeitur secur part delai demand parti requir meet oblig pai sum forfeit allow dai dai issu demand payment payment made end period compet author delai clear secur type articl account delai requir guarantor articl pai allow dai dai issu demand payment delai step convert secur articl monei suffici recov sum due ii clear pledg cash deposit account compet author delai clear secur type articl account requir person concern effect payment articl commiss accord procedur laid articl regul eec articl regul common organ market provid derog forego provis titl vii commun articl member state send commiss juli period cover previou year total number sum secur forfeit stage procedur articl reach distinguish case credit member state credit commiss inform refer partagraph provid relat commun provis requir secur inform provid relat secur ecu inform cover sum paid directli interest parti sum recov realiz secur commiss transmit member state summari inform provid articl articl member state notifi commiss type institut author act guarantor requir set type institut author requir set notifi commiss turn inform member state member state compet author make articl notifi commiss type secur accept provis requir set articl regul enter forc march appli secur date block secur date ensur individu oblig met request parti concern appli secur date releas forfeit regul bind entireti directli applic member state brussel juli commiss fran andriessen vice presid oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj oj