Decision ID: 000548

In February 1996 the 1971 Fund Executive Committee instructed the Director to pay in full (minus any amounts paid by the Italian Government) the agreed amounts to any Italian claimant whose claim was not time-barred against the Fund and who provided a bank guarantee or other suitable security which would give the Fund adequate protection against overpayment if later the claims were to be reduced pro-rata.

Date: 01.02.1996
Category: Compensation payments
Subject: Payments against bank guarantees