How does the guarantee of the Fund work

The Fund will operate for a total maximum amount of securities held by each bondholder of no more than 103.291,38 euros, regardless of their derivation from one or more guaranteed bond issues.

The right to the Fund’s intervention can be exercised by the holders in the event in which they can demonstrate the continuous possession of the securities in the three months prior the failure to fulfil the requirement of payment by the issuer.