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JEREMIE Holding Fund Sicily Region (Italy) : Clarification Note N° 2

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    Date: 11 March 2011 - 22 March 2011

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On 8 March 2011, the Italian Banking Association (ABI) organised a meeting of representatives of Italian banks concerning the JEREMIE Funded Risk Sharing Product (FRSP) Calls in Sicilia. During the meeting, some questions were raised, inter alia, on the impact of the eligibility criteria and continuing criteria on the loss coverage of the SME transactions included in the FRSP portfolio. Such questions will be duly addressed by EIF during the negotiation of the Operational Agreements with the pre-selected Financial Intermediaries. Since the original deadlines of the Calls (25 February) have already been postponed to 22 March, EIF is not considering further postponements of the deadlines.

 
 

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