Guidance Notice External Bail-in Execution (Amendments)

This translation is furnished for information purposes only.
The original German text is binding in all respects.
Resolution – Division Resolution Tools and Coordination Guidance Notice of the Federal Financial Supervisory Authority for the External Bail-in Implementation Status: July 2024 Guidance Notice External Bail-in Execution Status: 2204.07.222024 To all

• Entities within the meaning of Article 2 of the SRMR
  and
• Entities within the meaning of section 1 (1) no. 1 to 3 of the SAG
  with a registered office in the Federal Republic of Germany.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 1092 of 305 199
Table of contents
List of Figures 7
List of Tables 7
List of process tasks 12
List of abbreviations 14
Terms and definitions in the Guidance Notice 19
I. Introduction and objectives of this document 26
II. Actors and their responsibilities 32
III. Contact details and contact persons 36

1. Disclaimer and important comments 36
2. BaFin contacts 36
3. Contact data of CBF, WM Datenservice and the ICSDs 36
4. Contact details and times of the exchanges for suspension of trading 37
5. Contact details for the submission of the “simplified listing application” 37
6. Contact details for informing the exchanges about the global certificate 38
   IV. Bail-in implementation 40
7. Overview of the overall process 43
8. Description of the process tasks: Domestic bail-in implementation 47
   Task table: Domestic bail-in implementation 47 Task 1: Publication of the resolution order 50 Task 2: Discontinuation/suspension of trading 58 Task 3: Settlement blocking and suspension of payments, if necessary 60

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 1093 of 305 199 Task 4: Reflection of discontinuation/suspension of trading and generation of ISINs 61 Task 5: Instruction letter, supporting documents, list with ISINs 63 Task 6: Set-up of data stock 71 Task 7: Preparation of technical bail-in implementation 84 Task 8: Notification on features of new shares 85 Task 9: Preparation of listing of new shares 88 Task 10: Preparation of global certificate for new shares 89 Task 11: Technical bail-in implementation 90 Task 12: Booking of bail-in in participants’ accounts 105 Task 13: Hold shares for SSD/NSV holders affected by the bail-in 108 Task 14: Customer notification and reflection in accounts 109 Task 15: Submission of SSD/NSV holders´ bank account details 110 Task 16: Delivery of new shares to accounts of SSD/NSV holders 110 Task 17: Customer notification and reflection in securities accounts 111 Task 18: Order on the resumption of trading 113 Task 19: Resumption of trading and listing of new shares 113 Task 20: Information on handling of suspended payments 114
3. Description of the process tasks: ICSD bail-in implementation 117
Task table: ICSD bail-in implementation 117
Task 1: “ICSD Add-On” – Publication of the resolution order 119 Task I: Acknowledgement of resolution order 120 Task II: Acknowledgement of the positive list for suspension of payments 120 Task III: Legal review and (if necessary) suspension of payments 121 Task 5: “ICSD Add-On” – Instruction letter, supporting documents, list with ISINs 122 Task IV: Preparation of the mark-down instructions 123 Task V: Eligibility review and settlement blocking, where applicable 123 Task 10: “ICSD Add-On” – Reconciliation of ICSDs’ holdings 124 Task VI: Mark-down of CGN/NGN 125 Task VII: Reflection of the write-down in participants’ accounts 126 Task 12: “ICSD Add-On” – booking of bail-in in participants’ accounts 132 Task VIII: Reflection of the write-down and conversion in participants’ accounts 133 Task 20: “ICSD Add-On” – Information on handling of suspended payments 134
4. Sample templates for the documents from the bank 136
Sample templates for the documents from the bank to domestic actors 136 Sample templates for the documents from the bank – “ICSD Add-On” 206
Appendix I – Calculation examples for filling out the detailed list of instruments 252
A.I.1 Cancellation of old shares and example case 1 253 A.I.2 Cancellation of old shares and example case 2 254

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 1094 of 305 199 A.I.3 Cancellation of old shares and example case 3 256 A.I.4 Cancellation of old shares and example case 4 258
Appendix II – Filling out the templates using example “Samplebank AG” 260
A.II.1 Initial situation “Samplebank AG” 260
A.II.2 Documents of "Samplebank AG" – domestic bail-in implementation 262 A.II.3 Documents of ”Samplebank AG” – “ICSD Add-On” 276
Appendix III – Positive lists (MS Excel files) 281
A.III.1 Positive list with the instruments affected by the bail-in 281 A.III.2 Positive list with discretionary exclusions in accordance with section 92 of the SAG 284 A.III.3 Positive list with instruments for the suspension of payments 284 A.III.4 Positive list with instruments for the suspension of trading 286 List of Figures 7 List of Tables 7 List of process tasks 12 List of abbreviations 14 Terms and definitions in the Guidance Notice 19
I. Introduction and objectives of this document 26
II. Actors and their responsibilities 32
III. Contact details and contact persons 36

1. Disclaimer and important comments 36
2. BaFin contacts 36
3. Contact data of CBF, WM Datenservice and the ICSDs 36
4. Contact details and times of the exchanges for suspension of trading 37
5. Contact details for the submission of the “simplified listing application” 37

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 1095 of 305 199
6. Contact details for informing the exchanges about the global certificate 38
IV. Phases of bail-in execution 39
V. External bail-in implementation 43

1. Overview of the overall process 43
2. Description of the process tasks: Domestic external bail-in implementation 47
   Task table: Domestic external bail-in implementation 47 Task 1: Publication of the Resolution Order 50 Task 2: Discontinuation/suspension of trading 58 Task 3: Settlement blocking and suspension of payments, if necessary 60 Task 4: Reflection of discontinuation/suspension of trading and generation of ISINs 61 Task 5: Instruction letter, supporting documents, list with ISINs 63 Task 6: Set-up of data stock 71 Task 7: Preparation of technical bail-in implementation 84 Task 8: Notification on features of new shares 85 Task 9: Preparation of listing of new shares 88 Task 10: Preparation of global certificate for new shares 89 Task 11: Technical bail-in implementation 90 Task 12: Booking of bail-in in participants’ accounts 105 Task 13: Hold shares for SSD/NSV holders affected by the bail-in 108 Task 14: Customer notification and reflection in accounts 109 Task 15: Submission of SSD/NSV holders´ bank account details 110 Task 16: Delivery of new shares to accounts of SSD/NSV holders 110 Task 17: Customer notification and reflection in securities accounts 111 Task 18: Order on the resumption of trading 113 Task 19: Resumption of trading and listing of new shares 113 Task 20: Information on handling of suspended payments 114
3. Description of the process tasks: ICSD bail-in implementation 117
   Task table: ICSD bail-in implementation 117
   Task 1: “ICSD Add-On” – Publication of the Resolution Order 119 Task I: Acknowledgement of Resolution Order 120 Task II: Acknowledgement of the positive list for suspension of payments 120 Task III: Legal review and (if necessary) suspension of payments 121 Task 5: “ICSD Add-On” – Instruction letter, supporting documents, list with ISINs 122 Task IV: Preparation of the mark-down instructions 123 Task V: Eligibility review and settlement blocking, where applicable 123

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 1096 of 305 199 Task 10: “ICSD Add-On” – Reconciliation of ICSDs’ holdings 124 Task VI: Mark-down of CGN/NGN 125 Task VII: Reflection of the write-down in participants’ accounts 126 Task 12: “ICSD Add-On” – booking of bail-in in participants’ accounts 132 Task VIII: Reflection of the write-down and conversion in participants’ accounts 133 Task 20: “ICSD Add-On” – Information on handling of suspended payments 134
4. Sample templates for the documents from the bank for bail-in execution 136
Sample templates for the documents from the bank to domestic actors 136 Sample templates for the documents from the bank – “ICSD Add-On” 206
VI. End of the resolution procedure 225

1. Follow-up measures after application of the bail-in tool 225
2. Write-up – description of the concept 225
3. Write-up – Sample templates for the documents of the bank 231
   Write-up – Instruction letter and supporting documents 231
   VII. Appendices 252
   Appendix I – Calculation examples for filling out the detailed list of instruments 252
   A.I.1 Cancellation of old shares and example case 1 253 A.I.2 Cancellation of old shares and example case 2 254 A.I.3 Cancellation of old shares and example case 3 256 A.I.4 Cancellation of old shares and example case 4 258
   Appendix II – Filling out the templates using example “Samplebank AG” 260
   A.II.1 Initial situation “Samplebank AG” 260
   A.II.2 Documents of "Samplebank AG" – domestic bail-in implementation 262 A.II.3 Documents of ”Samplebank AG” – “ICSD Add-On” 276
   Appendix III – Positive lists of Resolution Order 281
   A.III.1 Positive list with the instruments affected by the bail-in 281 A.III.2 Positive list with discretionary exclusions in accordance with section 92 of the SAG 284 A.III.3 Positive list with instruments for the suspension of payments 284 A.III.4 Positive list with instruments for the suspension of trading 286
   Appendix IV – Positive list of the write-up order 288
   Appendix V – Sample template Resolution Order 290

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 1097 of 305 199 List of Figures
Figure 1: The role of the (I)CSDs in the process of the external bail-in implementation.................................................28
Figure 2: Overall process of the external bail-in implementation................................................................................................30
Figure 3: Overall process of the domestic bail-in implementation .............................................................................................32
Figure 4: Overview to the technical scenarios of the bail-in implementation .......................................................................61
Figure 5: Booking of bail-in in participants´ accounts and interim account...........................................................................72
Figure 6: Reflection of bail-in in customer securities accounts .....................................................................................................78
Figure 7: Task table of the ICSD bail-in implementation – “ICSD Add-On”............................................................................83
Figure 8: Treatment of special cases – mapping instruments to technical scenarios..................................................... 109
Figure 9: Assumptions of technical scenario 5b ................................................................................................................................. 165
Figure 1: Phases of bail-in execution.......................................................................................................................................................41
Figure 2: The role of the (I)CSDs in the process of the external bail-in implementation............................................. 43
Figure 3: Overall process of the external bail-in implementation............................................................................................46
Figure 4: Overall process of the domestic bail-in implementation .........................................................................................49
Figure 5: (Financial) instruments in the Guidance Notice............................................................................................................. 76
Figure 6: Four categories of bearer bonds in the Guidance Notice........................................................................................76
Figure 7: Reduction of percentage- and unit-quoted bearer bonds......................................................................................83
Figure 8: Overview of the technical scenarios for bearer bonds...............................................................................................92
Figure 9: Booking of bail-in in participants´ accounts and interim account.....................................................................106
Figure 10: Reflection of bail-in in customer securities accounts.............................................................................................112
Figure 11: Task table of the ICSD bail-in implementation – „ICSD Add-On“...................................................................118
Figure 12: Treatment of special cases – mapping instruments to technical scenarios ...............................................144
Figure 13: Write-up of unstructured bearer bonds........................................................................................................................228
Figure 14: Assumptions of technical scenario 5b............................................................................................................................252
List of Tables
Table 1: Overview of the actors involved in the bail-in......................................................................................................................35
Table 2: BaFin’s contact data............................................................................................................................................................................36
Table 3: Contact data of CBF, WM Datenservice and the ICSDs...................................................................................................36
Table 4: Contact details and times of the exchanges for suspension of trading .................................................................37
Table 5: Contact details for the submission of the “simplified listing application” by the bank..................................38
Table 6: Contact details for informing the exchanges about the global certificate by the bank ................................38
Table 7: Derivation of the number of new shares for unstructured SSD and NSV..............................................................69
Table 8: Derivation of the number of new shares for structured SSD and NSV...................................................................70
Table 9: Technical scenarios for the CSD and the NNA (instruments of ownership and unstructured BBs).........97

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 1098 of 305 199
Table 10: Technical scenarios for the CSD and the NNA (percentage-quoted structured BBs)................................104
Table 11: Mapping of technical scenarios – “ICSD Add-On” and domestic implementation..................................... 127
Table 12: Technical scenarios for the ICSDs (international BBs)................................................................................................. 131
Table 13: Explanatory notes, operational guidelines – domestic bail-in implementation ........................................... 142
Table 14: Excerpt detailed list of instruments for instruments of ownership – scenario 1 .......................................... 145
Table 15: Explanatory notes, detailed list of instruments for instruments of ownership – scenario 1................... 146
Table 16: Excerpt detailed list of instruments for instruments of ownership – scenario 2 .......................................... 147
Table 17: Explanatory notes, detailed list of instruments for instruments of ownership – scenario 2................... 149
Table 18: Excerpt detailed list of instruments (unstructured BBs) – scenario 3 ................................................................. 151
Table 19: Excerpt detailed list of instruments (unstructured BBs) – scenario 4 ................................................................. 152
Table 20: Excerpt detailed list of instruments (unstructured BBs) – scenario 5 ................................................................. 154
Table 21: Excerpt detailed list of instruments (unstructured BBs) – scenario 6 ................................................................. 155
Table 22: Explanatory notes, detailed list of instruments (unstructured BBs) – technical scenarios 3 to 6......... 166
Table 23: Derivation of the technical conversion ratio for unstructured BBs...................................................................... 171
Table 24: Derivation of the technical conversion ratio for zero-coupon bonds................................................................172
Table 25: Derivation of the operational write-down and conversion percentages..........................................................176
Table 26: Derivation of the technical conversion ratio for secured liabilities ..................................................................... 177
Table 27: Excerpt detailed list of instruments (percentage-quoted structured BBs) – scenario 3 ...........................184
Table 28: Excerpt detailed list of instruments (percentage-quoted structured BBs) – scenario 4 ....................Fehler!
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Table 29: Excerpt detailed list of instruments (percentage-quoted structured BBs) – scenario 5 ...........................186
Table 30: Excerpt detailed list of instruments (percentage-quoted structured BBs) – scenario 6 ...........................187
Table 31: Explanatory notes, detailed list of instruments (percentage-quoted, str. BBs) – scenarios 3-6 ........... 197
Table 32: Derivation of the technical conversion ratio for percentage-quoted structured BBs................................200
Table 33: Explanatory notes, operational guidelines – “ICSD Add-On”................................................................................. 213
Table 34: Excerpt detailed list of instruments “ICSD Add-On” – technical scenario A................................................... 217
Table 35: Excerpt detailed list of instruments “ICSD Add-On” – technical scenario B ................................................... 217
Table 36: Excerpt detailed list of instruments “ICSD Add-On” – technical scenario C................................................... 218
Table 37: Excerpt detailed list of instruments “ICSD Add-On” – technical scenario D................................................... 219
Table 38: Explanatory notes, detailed list of instruments “ICSD Add-On” – scenarios A-D ........................................ 224
Table 39: Example case 1 – Assumptions ............................................................................................................................................... 253
Table 40: Example case 1 – Calculation of the technical booking ratio................................................................................. 253
Table 41: Example case 1 – Calculations of the amount to be converted and technical conversion ratio.......... 254
Table 42: Example case 2 – Assumptions ............................................................................................................................................... 255
Table 43: Example case 2 – Calculation of the new pool factor................................................................................................. 255
Table 44: Example case 2 – Calculations of the amount to be converted and technical conversion ratio.......... 256
Table 45: Example case 3 – Assumptions ............................................................................................................................................... 256
Table 46: Example case 3 – Calculation of the technical booking ratio................................................................................. 257

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 1099 of 305 199
Table 47: Example case 3 – Calculations of the amount to be converted and technical conversion ratio.......... 257
Table 48: Example case 4 – Assumptions ............................................................................................................................................... 258
Table 49: Example case 4 – Calculation of the new pool factor................................................................................................. 259
Table 50: Example case 4 – Calculations of the amount to be converted and technical conversion ratio.......... 259
Table 51: Example case "Samplebank AG" – Information on the instruments affected by the bail-in.................. 261
Table 52: Example case “Samplebank AG” – detailed list of instruments (technical scenario 1)..............................269
Table 53: Example case “Samplebank AG“ – detailed list of instruments (technical scenario 3b) ...........................269
Table 54: Example case “Samplebank AG“ – detailed list of instruments (technical scenario 5a)............................271
Table 55: Example case “Samplebank AG” – detailed list of instruments (technical scenario C)..............................280
Table 56: Excerpt from the positive list of instruments affected by the bail-in................................................................. 282
Table 57: Explanatory notes, positive list of instruments affected by the bail-in..............................................................283
Table 58: Excerpt from the positive list with discretionary exclusions.................................................................................... 284
Table 59: Explanatory notes, positive list with discretionary exclusions ................................................................................ 284
Table 60: Excerpt from the positive list for the suspension of payments – Table 1 ........................................................285
Table 61: Excerpt from the positive list for the suspension of payments – Table 2 ........................................................285
Table 62: Explanatory notes, positive list for the suspension of payments.......................................................................... 286
Table 63: Excerpt from the positive list for the suspension of trading................................................................................... 287
Table 64: Explanatory notes, positive list for the suspension of trading............................................................................... 287
Table 1: Overview of the actors involved in the bail-in.................................................................................................................. 35
Table 2: BaFin’s contact data........................................................................................................................................................................ 36
Table 3: Contact data of CBF, WM Datenservice and the ICSDs...............................................................................................36
Table 4: Contact details and times of the exchanges for suspension of trading .............................................................37
Table 5: Contact details for the submission of the “simplified listing application” by the bank..............................38
Table 6: Contact details for informing the exchanges about the global certificate by the bank ............................38
Table 7: Derivation of the number of new shares for unstructured SSD and NSV..........................................................69
Table 8: Derivation of the number of new shares for structured SSD and NSV...............................................................70
Table 9: Technical scenarios for the CSD and the NNA (instruments of ownership)..................................................... 97
Table 10: Technical scenarios for the CSD and the NNA (unstructured BBs)...................................................................100
Table 11: Technical scenarios for the CSD and the NNA (structured bearer bonds)...................................................104
Table 12: Mapping of technical scenarios – “ICSD Add-On” and domestic implementation..................................127
Table 13: Technical scenarios for the ICSDs (international BBs)..............................................................................................131
Table 14: Explanatory notes, operational guidelines – domestic bail-in implementation ........................................142
Table 15: Excerpt detailed list of instruments for instruments of ownership – scenario 1 .......................................145
Table 16: Explanatory notes, detailed list of instruments for instruments of ownership – scenario 1................146
Table 17: Excerpt detailed list of instruments for instruments of ownership – scenario 2 .......................................147
Table 18: Explanatory notes, detailed list of instruments for instruments of ownership – scenario 2................149
Table 19: Excerpt detailed list of instruments (percentage-quoted unstructured BBs) – scenario 3...................151
Table 20: Excerpt detailed list of instruments (unit-quoted unstructured BBs) – scenario 3...................................154

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10910 of 305 199
Table 21: Excerpt detailed list of instruments (percentage-quoted unstructured BBs) – scenario 4...................155
Table 22: Excerpt detailed list of instruments (unit-quoted unstructured BBs) – scenario 4...................................156
Table 23: Excerpt detailed list of instruments (percentage-quoted unstructured BBs) – scenario 5...................157
Table 24: Extract from detailed list of instruments (unit-quoted unstructured BBs) – scenario 5 ........................158
Table 25: Extract from detailed list of instruments (percentage-quoted unstructured BBs) – scenario 6 ........159
Table 26: Extract from detailed list of instruments (unit-quoted unstructured BBs) – scenario 6 ........................160
Table 27: Explanatory notes, detailed list of instruments (unstructured BBs) – scenarios 3-6................................166
Table 28: Derivation of the technical conversion ratio for unstructured BBs...................................................................171
Table 29: Derivation of the technical conversion ratio for zero-coupon bonds.............................................................172
Table 30: Derivation of number of new shares for money market instruments.............................................................174
Table 31: Derivation of the operational write-down and conversion percentages.......................................................176
Table 32: Derivation of the technical conversion ratio for secured liabilities ..................................................................177
Table 33: Extract from detailed list of instruments (percentage-quoted structured BBs) – scenario 3..............184
Table 34: Extract from detailed list of instruments (unit-quoted structured BBs) – scenario 3..............................185
Table 35: Extract from detailed list of instruments (percentage-quoted structured BBs) – scenario 4..............186
Table 36: Extract from detailed list of instruments (unit-quoted structured BBs) – scenario 4..............................187
Table 37: Extract from detailed list of instruments (percentage-quoted structured BBs) – scenario 5..............188
Table 38: Extract from detailed list of instruments (unit-quoted structured BBs) – scenario 5..............................189
Table 39: Extract from detailed list of instruments (percentage-quoted structured BBs) – scenario 6..............190
Table 40: Extract from detailed list of instruments (unit-quoted structured BBs) – scenario 6..............................191
Table 41: Explanatory notes, detailed list of instruments (structured BBs) – scenarios 3-6 .....................................197
Table 42: Derivation of the technical conversion ratio for structured BBs ........................................................................200
Table 43: Explanatory notes, operational guidelines – “ICSD Add-On”..............................................................................213
Table 44: Excerpt detailed list of instruments “ICSD Add-On” – technical scenario A................................................217
Table 45: Excerpt detailed list of instruments “ICSD Add-On“ – technical scenario B ................................................217
Table 46: Excerpt detailed list of instruments “ICSD Add-On“ – technical scenario C................................................218
Table 47: Excerpt detailed list of instruments “ICSD Add-On” – technical scenario D................................................219
Table 48: Explanatory notes, detailed list of instruments “ICSD Add-On” – scenarios A-D .....................................224
Table 49: Technical scenarios – Write-up (unstructured BBs)...................................................................................................228
Table 50: Explanations on the operational guidelines for the write-up..............................................................................235
Table 51: Initial technical scenarios for write-up of unstructured bearer bonds............................................................237
Table 52: Extract of detailed list of instruments for write-up (percent.-quot. unstruct. BBs) – scenario 7 .......238
Table 53: Extract of detailed list of instruments for write-up (unit-quot. unstruct. BBs) – scenario 7 ................239
Table 54: Explanations on detailed list of instruments for write-up (unstr. bearer bonds) – scenario 7...........247
Table 55: Extract from detailed list of instruments for write-up (percent.-quot. unstr. BBs) – scenario 8........248
Table 56: Extract from detailed list of instruments for write-up (unit-quot. unstr. BBs) – scenario 8.................249
Table 57: Explanations on detailed list of instruments for write-up (unstr. bearer bonds) – scenario 8...........251
Table 58: Example case 1 – Assumptions ............................................................................................................................................253

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10911 of 305 199
Table 59: Example case 1 – Calculation of the technical booking ratio..............................................................................253
Table 60: Example case 1 – Calculations of the amount to be converted and technical conversion ratio.......254
Table 61: Example case 2 – Assumptions ............................................................................................................................................255
Table 62: Example case 2 – Calculation of the new pool factor..............................................................................................255
Table 63: Example case 2 – Calculations of the amount to be converted and technical conversion ratio.......256
Table 64: Example case 3 – Assumptions ............................................................................................................................................256
Table 65: Example case 3 – Calculation of the technical booking ratio..............................................................................257
Table 66: Example case 3 – Calculations of the amount to be converted and technical conversion ratio.......257
Table 67: Example case 4 – Assumptions ............................................................................................................................................258
Table 68: Example case 4 – Calculation of the new pool factor..............................................................................................259
Table 69: Example case 4 – Calculations of the amount to be converted and technical conversion ratio.......259
Table 70: Example case “Samplebank AG” – Information on the instruments affected by the bail-in...............261
Table 71: Example case “Samplebank AG” – detailed list of instruments (technical scenario 1)...........................269
Table 72: Example case “Samplebank AG“ – detailed list of instruments (technical scenario 3b) ........................269
Table 73: Example case “Samplebank AG“ – detailed list of instruments struct. BBs (tech. sc. 5a) ......................271
Table 74: Example case “Samplebank AG” – detailed list of instruments (technical scenario C)...........................280
Table 75: Excerpt from the positive list of instruments affected by the bail-in..............................................................282
Table 76: Explanatory notes, positive list of instruments affected by the bail-in...........................................................283
Table 77: Excerpt from the positive list with discretionary exclusions.................................................................................284
Table 78: Explanatory notes, positive list with discretionary exclusions .............................................................................284
Table 79: Excerpt from the positive list for the suspension of payments – Table 1 .....................................................285
Table 80: Excerpt from the positive list for the suspension of payments – Table 2 .....................................................285
Table 81: Explanatory notes, positive list for the suspension of payments.......................................................................286
Table 82: Excerpt from the positive list for the suspension of trading................................................................................287
Table 83: Explanatory notes, positive list for the suspension of trading............................................................................287
Table 84: Excerpt from the positive list with instruments for the write-up.......................................................................288
Table 85: Explanatory notes, positive list with affected instruments for the write-up................................................289

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10912 of 305 199 List of process tasks
Task table 1: Publication of the resolution order..................................................................................................................................51
Task table 2: Discontinuation/suspension of trading..........................................................................................................................58
Task table 3: Settlement blocking and suspension of payments..................................................................................................60
Task table 4: Reflection of discontinuation/suspension of trading and ISIN generation................................................62
Task table 5: Instruction letter, supporting documents, supplementary positive lists......................................................65
Task table 6: Set-up of data stock.................................................................................................................................................................71
Task table 7: Preparation of technical bail-in implementation......................................................................................................84
Task table 8: Notification on features of new shares..........................................................................................................................85
Task table 9: Preparation of listing of new shares................................................................................................................................88
Task table 10: Preparation of global certificate for new shares.....................................................................................................89
Task table 11: Technical bail-in implementation...................................................................................................................................91
Task table 12: Booking of bail-in in participants’ accounts .......................................................................................................... 106
Task table 13: Hold shares for SSD/NSV holders and existing shareholders affected by the bail-in..................... 108
Task table 14: Customer notification and reflection in securities accounts......................................................................... 109
Task table 15: Submission of SSD/NSV holders´ / existing shareholders’ bank account details ..............................110
Task table 16: Delivery of new shares to affected SSD/NSV holders / existing shareholders.................................... 111
Task table 17: Customer notification and reflection in securities accounts......................................................................... 112
Task table 18: Order on the resumption of trading..........................................................................................................................113
Task table 19: Resumption of trading and listing of new shares...............................................................................................114
Task table 20: Information on handling of suspended payments.............................................................................................115
Task table 21: Publication of the resolution order – “ICSD Add-On”...................................................................................... 119
Task table 22: Acknowledgement of resolution order .................................................................................................................... 120
Task table 23: Acknowledgement of the positive list for suspension of payments.........................................................120
Task table 24: Legal review of the resolution order and (if necessary) suspension of payments.............................121
Task table 25: Instruction letter, supporting documents, positive lists – “ICSD Add-On”............................................ 122
Task table 26: Preparation of the mark-down instructions to the ICSDs .............................................................................. 123
Task table 27: Information to the ICSDs’ participants, eligibility review and settlement blocking..........................124
Task table 28: Reconciliation of ICSDs’ holdings with CDs/CSPs by the bank – “ICSD Add-On”.............................124
Task table 29: Adjustment of the Classical Global Note/New Global Note......................................................................... 125
Task table 30: Reflection of the write-down in participants’ accounts by ICSDs ..............................................................126
Task table 31: Booking of bail-in in participants’ accounts by CBF – “ICSD Add-On”.................................................... 132
Task table 32: Reflection of write-down and conversion in participants’ accounts by ICSDs .................................... 133
Task table 33: Information on handling of suspended payments – “ICSD Add-On”...................................................... 134
Task table 1: Publication of the Resolution Order............................................................................................................................51
Task table 2: Discontinuation/suspension of trading......................................................................................................................58
Task table 3: Settlement blocking and suspension of payments..............................................................................................60

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10913 of 305 199
Task table 4: Reflection of discontinuation/suspension of trading and ISIN generation............................................ 62
Task table 5: Instruction letter, supporting documents, supplementary positive lists.................................................. 65
Task table 6: Set-up of data stock.............................................................................................................................................................71
Task table 7: Preparation of technical bail-in implementation.................................................................................................. 84
Task table 8: Notification on features of new shares ......................................................................................................................85
Task table 9: Preparation of listing of new shares............................................................................................................................88
Task table 10: Preparation of global certificate for new shares................................................................................................. 89
Task table 11: Technical bail-in implementation...............................................................................................................................91
Task table 12: Booking of bail-in in participants’ accounts .......................................................................................................106
Task table 13: Hold shares for SSD/NSV holders and existing shareholders affected by the bail-in..................108
Task table 14: Customer notification and reflection in securities accounts......................................................................109
Task table 15: Submission of SSD/NSV holders´ / existing shareholders’ bank account details ...........................110
Task table 16: Delivery of new shares to affected SSD/NSV holders / existing shareholders.................................111
Task table 17: Customer notification and reflection in securities accounts......................................................................112
Task table 18: Order on the resumption of trading.......................................................................................................................113
Task table 19: Resumption of trading and listing of new shares............................................................................................114
Task table 20: Information on handling of suspended payments..........................................................................................115
Task table 21: Publication of the Resolution Order – “ICSD Add-On”.................................................................................119
Task table 22: Acknowledgement of Resolution Order...............................................................................................................120
Task table 23: Acknowledgement of the positive list for suspension of payments......................................................120
Task table 24: Legal review of the Resolution Order and (if necessary) suspension of payments .......................121
Task table 25: Instruction letter, supporting documents, positive lists – “ICSD Add-On”.........................................122
Task table 26: Preparation of the mark-down instructions to the ICSDs ...........................................................................123
Task table 27: Information to the ICSDs’ participants, eligibility review and settlement blocking.......................124
Task table 28: Reconciliation of ICSDs’ holdings with CDs/CSPs by the bank – “ICSD Add-On”..........................124
Task table 29: Adjustment of the Classical Global Note/New Global Note......................................................................125
Task table 30: Reflection of the write-down in participants’ accounts by ICSDs ...........................................................126
Task table 31: Booking of bail-in in participants’ accounts by CBF – “ICSD Add-On”.................................................132
Task table 32: Reflection of write-down and conversion in participants’ accounts by ICSDs .................................133
Task table 33: Information on handling of suspended payments – “ICSD Add-On”...................................................134

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10914 of 305 199 List of abbreviations A AG Aktiengesellschaft (German stock corporation). AktG Aktiengesetz (German Stock Corporation Act) of 6 September 1965 (Federal Law Gazette (BGBl.) I p. 1089), as last amended by Article 6113 of the GermanFinancing the Future Act to Modernise the Law on Partnerships (Gesetz zur Modernisierung des Personengesell￾schaftsrechts – MoPeG(Zukunftsfinanzierungsgesetz) of 10 August 202111 December 2023 (BGBl. 2023 I. p. 3436No. 354). AöR Anstalt des öffentlichen Rechts (public-law institution). AT1 Additional Tier 1 capital in accordance with Article 51 of the Capital Requirements Regulation (CRR). B BaFin Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Financial Su￾pervisory Authority). BB Bearer bond. BGB Bürgerliches Gesetzbuch (German Civil Code) in the wording of the announcement as published on 2 January 2002 (BGBI. I p. 42, cor￾rected by p. 2909 and 2003 I p. 738), as last amended by Article 51 of the German Act on the implementation of the EU regulations on cross-border service and cross-border taking of evidenceto Protect Minors in civil or commercial matters and on amending other regula￾tionsForeign Marriages of 24 June 20222024 (BGBl. 2024 I p. 959N. 212). BörsZulV Börsenzulassungs-Verordnung (German Stock Exchange Admission Regulation) – Regulation on the Admission of Securities to the Regu￾lated Market on a Stock Exchange in the wording of the announce￾ment as published on 9 September 1998 (BGBl. I p. 2832), which was last amended by Article 24 of the GermanFinancing the Future Act on the Introduction(Zukunfts-finanzierungsgesetz) of Electronic Securities of 3 June 202111 December 2023 (BGBl. 2023 I p. 1423. No. 354). BRRD Bank Recovery and Resolution Directive – Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 estab￾lishing a framework for the recovery and resolution of credit institu￾tions and investment firms and amending Directive 82/891/EEC, Di￾rectives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU and Regula￾tions (EU) No. 1093/2010 and (EU) No 648/2012 of the European Par￾liament and of the Council (OJ L 173, p. 190), as last amended by Ar￾ticle 931 of Regulation (Directive 2024/11/4/EU) 2021/23 of 16 De￾cember 202011 April 2024 (OJ 2021 L22, p. 1L 2024/1174, 22.04.2024). C CBF Clearstream Banking AG, Frankfurt. CBL Clearstream Banking Luxembourg S.A., Luxemburg. CD Common Depository (CD of the ICSDs in the case of the Classical Global Note).

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10915 of 305 199 CET1 Common Equity Tier 1 capital in accordance with Articles 26 and 27 of the Capital Requirements Regulation (CRR). CGN Classical Global Note. CRR Capital Requirements Regulation – Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on pru￾dential requirements for credit institutions and amending Regulation (EU) No 648/2012 (OJ L 176 p. 1, corrected by L 208 p. 68, L 321 p.6, 2015 L 193 p. 166, 2017 L 20 p. 3, corrected by 2023 OJ L 92 p. 29), as last amended by Article 15 of Regulation (EU) 2021/5582023/2869 of 31 March 202113 December 2023 (OJ 2023 L 1162869 p. 251). CSD Central Securities Depository within the meaning of Article 2(1) no. 1 of the CSDR. CSDR Central Securities Depository Regulation (Zentralverwahrerver￾ordnung) – Regulation (EU) No. 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (OJ L 257 p. 1; corrected by OJ 2016 L 349 p. 5), as last amended by Article 171 of Regulation (EU) 2022/8582023/2845 of 30 May 202213 December 2023 (OJ L 151 p. 12023/2845, 27.12.2023). CSSF Commission de Surveillance du Secteur Financier (Financial Sector Supervisory Commission of the State of Luxembourg). CSK Common Safekeeper (CSK of the ICSDs in the case of the New Global Note). CSP Common Service Provider (CSP of the ICSDs in the case of the New Global Note). D DBG Deutsche Börse Group AG, Frankfurt. DepotG Depotgesetz (Safe Custody Act) – Act on the safe custody and acqui￾sition of securities in the wording of the announcement of 11 January 1995 (BGBl. I p. 34), last amended by Article 4 of the Act on the Intro￾duction of Electronic Securities of 3 June 2021 (BGBl. I p. 1423). Commission Delegated Regulation (EU) 2016/1075 of 23 March 2016 supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specify￾ing the content of recovery plans, resolution plans and group resolu￾tion plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the con￾ditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and/or conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges. DM Deutsche Mark (German mark). DTC The Depository Trust Company, New York. EB Euroclear Bank SA/NV, Brussels. eG Eingetragene Genossenschaft (registered cooperative society).

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10916 of 305 199 EUR Euro. FMI Financial Market Infrastructure. FOLTF Failing Or Likely To Fail. FWB Frankfurter Wertpapierbörse (Frankfurt Stock Exchange). GDPR General Data Protection Regulation – Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of per￾sonal data and on the free movement of such data, and repealing Di￾rective 95/46/EC (OJ L 119 p. 1, corrected by L 314 p. 72, 2018 L 127 p. 2 and 2021 L 74 p. 35). DTC The Depository Trust Company, New York. E EB Euroclear Bank SA/NV, Brussels. eG Eingetragene Genossenschaft (registered cooperative society). EUR Euro. F FMI Financial Market Infrastructure. FWB Frankfurter Wertpapierbörse (Frankfurt Stock Exchange). G GmbH Gesellschaft mit beschränkter Haftung (limited liability company). I ICSD International Central Securities Depository. ISIN International Securities Identification Number according to ISO standard 6166. ISV Inhaberschuldverschreibung (bearer bond). IT Information Technology. K KWG Kreditwesengesetz (German Banking Act) – Banking Act in the word￾ing of the announcement of 9 September 1998 (BGBl. I. p. 2776), as last amended by Article 36 of the Sanctions EnforcementSecondary Credit Market Promotion Act I (Kreditzweitmarktförderungsgesetz) of 23 May 202222 December 2023 (BGBI. 2023 I p. 754No. 411). L LEI Legal Entity Identifier according to ISO standard 17442. M

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10917 of 305 199 MiFID Markets in Financial Instruments Directive – Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on mar￾kets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (revised) (OJ L 173 p. 349, corrected by OJ 2015 L 74 p. 38, OJ 2016 L 188 p. 28, OJ L 273 p. 35, OJ 2017 L 64 p. 116, OJ L 278 p. 56), as last amended by Article 181 of Regulation (Di￾rective 2024/790/EU) 2022/858 of 30 May 202228 February 2024 (OJ L 151 p.12024/790). MTF Multilateral Trading Facility within the meaning of Article 4(1) no. 22 of the MiFID. N n.a. Not applicable. NAV Net asset value. NBB Nationale Bank van België (Belgian national bank). NGN New Global Note. NNA National Numbering Agency. NSV Namensschuldverschreibung (registered bond). Any reference to NSV in the following is to deposits and not to securities. NSS New Safekeeping Structure. NV (NW) Nominal Value (Nennwert). O OTF Organised Trading Facility within the meaning of Article 4(1) no. 23 of the MiFID. P p.a. PCEV PF per annum. Post-conversion equity value. Pool factor (Poolfaktor). Prospekt-VO Prospektverordnung (Prospectus Regulation) – Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and re￾pealing Directive 2003/71/EC (OJ L 168 p.12), last amended by
Article 113 of Regulation (EU) 2021/3372023/2869 of 16 February
202113 December 2023 (OJ L 68 p.12023/2869, 20.12.2023).
S
SAG Sanierungs- und Abwicklungsgesetz (German Recovery and Resolu￾tion Act) of 10 December 2014 (BGBl. I. p. 2091), last amended by Ar￾ticle 16 of the accompanying implementation of Regulation (EU) 2020/1503 and the transposition of Directive (EU) 2020/1504 of 3 June 2021 (BGBl. I p. 1568).10 of the Secondary Credit Market Pro￾motion Act (Kreditzweitmarktförderungsgesetz) of 22 December 2023 (BGBI. 2023 I No. 411). SI Systematic Internaliser within the meaning of Article 4(1) no. 20 of the MiFID.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10918 of 305 199 SM Special manager. SRMR Single Resolution Mechanism Regulation – Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the res￾olution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 (OJ L 225 p. 1, corrected by OJ 2015 L101 p. 62), as last amended by Article 942 of Regulation (Directive 2024/1174/EU) 2021/23 of 16 December 202011 April 2024 (OJ 2021 L 2024/1174, 22 p.1.04.2024). SSD Schuldscheindarlehen (borrower´s note loan). T T Day of publication of the resolution orderResolution Order. T2 Tier 2 capital in accordance with Article 62 of the CRR. V VAT-ID Value added tax identification number. W WDCCI Write-Down and Conversion of Capital Instruments. WKN Wertpapierkennnummer (securities identification number). WM Herausgebergemeinschaft (joint publishers) Wertpapier-Mitteilun￾gen, Keppler, Lehmann GmbH & Co. KG (WM Group). WSS Wertpapiersystem der Deutschen Börse (Securities Service System of the Deutsche Börse).

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10919 of 305 199 Terms and definitions in the Guidance Notice Term Definition Resolution authority Federal Financial Supervisory Authority (BaFin) as national resolution authority pursuant to Article 3(1)(3) of the SRMR and section 3 (1) of the SAG. Resolution entity A resolution entity is, in accordance with point (24a) of Article 3(1) of the SRMR, a legal person established in a participating Member State which has been identi￾fied under Article 8 of the SRMR as an entity for which resolution action is envis￾aged in the resolution plan. Effective date of resolu￾tion Date on which the measures ordered by the resolution authority become effective. The effective date is stated in the resolution order.Resolution Order. Share type Pursuant to section 10 (1) of the AktG, a distinction is made between bearer shares and registered shares (with restricted transferability, where applicable) ac￾cording to the type of securitisation. The type of shares to be issued must be specified in the articles of association in accordance with section 23 (3) no. 5 of the AktG. Secured liability Secured liability within the meaning of Article 27(3)(b) of the SRMR or section 91(2)(2) of the SAG. Class of shares In accordance with section 11 of the AktG, all shares that grant the same rights form a class. Accordingly, bearer shares and registered shares, for example, form the same class. Preferred shares and ordinary shares, on the other hand, belong to different classes. Existing shareholders In this document, the term “existing shareholders” refers to those shareholders who held instruments of ownership (e.g. of an AG, GmbH or cooperative society) prior to the resolution measure. Request date The request date is the reference date for the provision of bail-in information by the relevant entity. The request date is the close of business of the relevant entity on the business day determined by the resolution authority and notified to the relevant entity in the request. The close of business on that business day shall be determined by the relevant entity itself. If the resolution authority issues the re￾quest to provide the data before the request date, the timeframe for providing the data shall commence with the close of business on the request date. Accrued interest Pro rata interest accrued but not yet paid as at the request date, irrespective of whether and to what extent the due date has already been reached as at the re￾quest date. Outstanding principal amount Outstanding principal amount of liabilities. Liability in this sense means the obliga￾tion of the resolution entity towards a third party. The outstanding principal amount may be lower than the original issue amount, e.g. due to redemptions, or higher, e.g. due to credit restructuring measures. Premiums/discounts are not part of the outstanding
principal amount. Outstanding amount The amount is the aggregate of the outstanding principal amount, plus, if applica￾ble, interest accrued up to the request date and any fees and charges, irrespective of whether and to what extent the relevant principal, interest or fees and charges were already due at the request date and whether they are required to be recog￾nised as items of liabilities in the balance sheet of the resolution entity prepared in accordance with the applicable accounting principles. Bail-in The WDCCI power and the bail-in tool are, for the purposes of this document and because of their similar technical processes, referred to together as bail-in.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10920 of 305 199 Term Definition Bail-in tool Bail-in tool within the meaning of Article 27 of the SRMR and/or section 90 of the SAG. Bail-in sequence The sequence pursuant to Article 21(10) in conjunction with Article 17(1) of the SRMR and/or section 97 (1) of the SAG in which CET1 instruments, relevant capital instruments and bail-inable liabilities are used for the WDCCI power and the bail￾in tool. The following sequence applies:

1. shares and other CET1 instruments;
2. additional Tier 1 instruments;
3. Tier 2 instruments;
4. bail-inable liabilities corresponding to their ranking as insolvency claims
   in accordance with national insolvency law.
   Bail-inable liabilities In accordance with point (49) of Article 3(1) of the SRMR or section 2 (3) no. 10b of the SAG, bail-inable liabilities are liabilities and capital instruments other than those of CET1 capital, Additional Tier 1 capital or Tier 2 capital which are not ex￾cluded from the scope of application of the bail-in tool on the basis of Article 27(3) of the SRMR or section 91 (2) of the SAG. Valuer “Valuer” means either the independent valuer within the meaning of Article 38 of Delegated Regulation (EU) 2016/1075 or the resolution authority, if it carries out a provisional valuation in accordance with Article 20(3) in conjunction with Article 10 in conjunction with Article 7(3) subparagraph 4 of the SRMR or section 74 of the SAG. Valuation for the purposes of resolution Valuation within the meaning of Article 20 of the SRMR or sections 69 to 75 of the SAG. Multiplier (structured bearer bonds) The multiplier is the number of units of the underlying to which the structured bearer bond relates. For example, for a multiplier of 10, one reverse convertible bond refers to 10 shares.1 Bonus amount (structured bearer bonds) Fixed payout amount of a structured bearer bond that is paid if (i) the barrier has not been breached during the observation period and (ii) the price of the underly￾ing is lower than the bonus level on the valuation date.1 Clearing Offsetting and settlement of mutual claims and liabilities from securities and for￾ward transactions. Common Depository An entity, generally a credit institution, that acts as a common depository of Inter￾national Central Securities Depositories (ICSDs) and provides safekeeping and as￾set servicing for securities issued in the form of Classical Global Note.2 Common Service Provider An entity, generally a credit institution, that, as a common service provider of In￾ternational Central Securities Depositories (ICSDs), performs asset servicing of se￾curities issued in the form of a New Global Note. 2 Common Safekeeper An entity, generally an (international) central securities depository or the common service provider that, as a common depository of International Central Securities Depositories (ICSDs), performs the safe custody of securities issued in the form of a New Global Note. See also New Safekeeping Structure (NSS).2

1 With regard to the definition of terms in connection with structured bonds, please refer to the terms used by the German Structured Securities Association (BSW). 2 See also SRB document “Reflecting bail-in in the books of the International Central Securities Depositories (ICSDs)” under:
https://www.srb.europa.eu/en/content/srb-issues-new-guidance-bail-international-debt-securities.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10921 of 305 199 Term Definition Dematerialisation Conversion of securities in physical form into electronic securities (book entries) held at a CSD. Third country A country that is not an EU Member State (section 2(1) no. 12 of the SAG). Foreign currency Any currency other than the euro. Money market instrument Instruments within the meaning of section 2(2) of the WpHG. Global Note/Global Certif￾icate Pursuant to section 9a of the DepotG, a global certificate is a security evidencing several rights, each of which could be evidenced in fungible securities of one and the same kind. The global certificate is generally held in custody and administered at a central institution, the securities clearing and deposit bank (see under Central Securities Depository). Write-up In the context of this Guidance Notice, write-up means (1) the reinstatement of the value of the claims of creditors and the owners of the relevant capital instru￾ments that were written down on the basis of the provisional valuation by apply￾ing the bail-in tool in accordance with Article 20(12)(a) of the SRMR or section 75 (4) number 1 of the SAG, and (2) the reversal of the retirement or cancellation of Common Equity Tier 1 instruments in accordance with section 99(3) of the SAG. Maximum amount (struc￾tured bearer bonds) Fixed maximum payout amount of a structured bearer bond at maturity.3 Immobilisation The placement of physical securities with a CSD. Bearer share (Inhaberak￾tie) Class of shares that allows the owner to exercise the rights evidenced by the share. Bearer shares are transferred informally by delivery and agreement, without any adjustment being made on the document. The owner of the bearer share is not named and usually does not have to provide proof of legal ownership of the share. The right in the document follows the right to the document. Bearer bond (BB) A security according to section 793 of the BGB entitling the owner to all rights of ownership, such as repayment of the outstanding principal amount and agreed in￾terest payment. The bondholder is entitled to all rights of ownership from the property of the security. The holder of the security is deemed to be the owner. Instrument For the purposes of this document, and unless otherwise specified in the text, the term instrument comprises relevant capital instruments and bail-inable liabilities issued by the institution under resolution. International bearer bond Within the meaning of this Guidance Notice, international bearer bond means a bearer bond issued through the two International Central Securities Depositories (ICSDs) Euroclear Bank and Clearstream Banking Luxembourg. These instruments are issued in the form of a Classical Global Note (CGN) or New Global Note (NGN). The ISIN of the instruments has the abbreviation “XS” at the beginning, hence
they are also referred to as “XS-ISINs” or “XS bonds”. International Central Secu￾rities Depository A central securities depository active in the settlement of internationally traded securities from different national markets, generally between different currency ar￾eas (see also Article 2 no. 43 of the Guideline (EU) 2015/510 of the European Cen￾tral Bank of 19 December 2014 on the implementation of the Eurosystem mone￾tary policy framework (ECB/2014/60)). Within the meaning of this Guidance No￾tice, this is understood to mean CBL or EB.

3 With regard to the definition of terms in connection with structured bonds, please refer to the terms used by the German Structured Securities Association (BSW).

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10922 of 305 199 Term Definition Classical Global Note – CGN The issue of international bearer bonds can be evidenced in the form of a Classical Global Note or a New Global Note. In the case of the Classical Global Note, changes to the outstanding issue amount are made physically in the global certifi￾cate. Thus, the Classical Global Note has a documentary function with regard to the outstanding issue amount.4 Smallest transferable unit The smallest transferable unit is the fixed denomination or the smallest purchasa￾ble unit of a bearer bond or a whole multiple thereof. In the case of percentage-quoted bearer bonds, the smallest transferable unit is the outstanding nominal value per unit of the bearer bond (e.g. EUR 1.000). In the case of bonds quoted in units, the smallest transferable unit is generally 1 unit. Note: For percentage-quoted bearer bonds, the smallest transferable unit is rec￾orded by WM Datenservice in field GD455A. The amount is the outstanding nomi￾nal value per bearer bond. For bonds quoted in units, the smallest transferable unit is also the amount in WM field GD455A. However, the outstanding nominal value is recorded in WM field GD460A (nominal value per unit). For bearer bonds quoted in units, the following two WM fields must therefore be taken into account in the context of external bail-in execution: (1) smallest transferable unit (GD455A) and (2) nominal value per unit (GD460A). Market maker Also called designated sponsor, specialist or exchange broker, who provides bind￾ing buying and selling prices (quotes) for the securities and trades the requested quantities at these prices. The market maker always ensures supply and demand or higher liquidity (tradability at all times). There can be one or more market mak￾ers per security. Relevant amount The outstanding amount of the liability less existing components subject to statu￾tory exemption pursuant to Article 27(3) of the SRMR and/or section 91 (2) of the SAG. Minimum amount (mini￾mum number of unitsquantity) of securities In accordance with section 2 of the BörsZulV, the expected market value of the shares to be admitted or, if its estimation is not possible, the equity capital of the company must amount to at least EUR 1.250.000. This does not apply if shares of the same class are already admitted to the regulated market on that exchange. For the admission of securities not denominated in a monetary amount, the minimum number of securities must be at least ten thousand. Furthermore, the manage￾ment of the relevant exchange may admit lesser amounts than the said amounts if it is confident that a sufficient market will develop for the securities to be admit￾ted. Minimum amount (struc￾tured bearer bonds) Fixed minimum payout amount of a structured bearer bond payable on the ma￾turity date.5 Minimum free float
of se￾curities This refers to the minimum distribution of the capital among the public in accord￾ance with section 9 of the BörsZulV. Accordingly, the shares to be admitted must be sufficiently distributed among the public. They are deemed to be sufficiently distributed if at least 25% of the total nominal amount, in the case of shares with￾out par values of the number, of shares admitted have been acquired by the pub￾lic or if, due to the large number of shares of the same class and their broad distri￾bution among the public, orderly exchange trading is also ensured with a lower percentage.

4 See also SRB document “Reflecting bail-in in the books of the International Central Securities Depositories (ICSDs)” under:
https://www.srb.europa.eu/en/content/srb-issues-new-guidance-bail-international-debt-securities. 5 With regard to the definition of terms in connection with structured bearer bonds, please refer to the technical terms of the German Structured Securities Association (BSW).

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10923 of 305 199 Term Definition Registered share (with re￾stricted transferability, if applicable) Class of shares in which the share is registered in the name of the owner and the owner is entered in the company's share register. A registered share with re￾stricted transferability is a special form of registered share and requires the con￾sent of the issuing stock corporation in order to be transferred (section 68 (2) of the AktG). Registered bond (Namens￾schuldverschreibung (NSV)) For the purposes of this Guidance Notice a bond for which the ownership can be transferred only via written assignment of the bondholder and an amendment of the entry in the register by the responsible registrar. The new holder is entitled to all rights of ownership from the property only if he is entered in the register. Par-value share (Nennbe￾tragsaktie) Pursuant to section 8 of the AktG, shares may be issued either as par-value shares or as no-par-value shares. The par-value shares must be denominated in at least one euro. The proportion of the share capital held by par-value shares is deter￾mined by the ratio of their par-value to the share capital. New Global Note – NGN The issue of international bearer bonds can be evidenced in the form of a Classical Global Note or a New Global Note. In accordance with the terms of the New Global Note, the International Central Securities Depositories’ bookkeeping pro￾vides the legally relevant documentation for the issuer’s obligations.6 New Safekeeping Structure – NSS As of 1 January 2007, international debt instruments that were or are issued through the International Central Securities Depositories (ICSDs) will only be rec￾ognised as eligible collateral for Eurosystem credit operations if they were or are issued within the scope of the New Safekeeping Structure. In doing so, the issue must be evidenced by the New Global Note, and the global certificate must be deposited with a securities custodian (Common Safekeeper) that is an Interna￾tional Central Securities Depository or, where applicable, a central securities de￾pository that fulfils the standards described in the Eurosystem User Assessment Framework. See also Guideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy frame￾work (ECB/2014/10). Original currency Currency in which the financial instrument was issued. This may be a foreign cur￾rency or the euro. Pool factor The pool factor is the term for a measure offor partial redemptions of bonds with￾out reducingthat is offset against the nominal value. ByThis means ofthat a pool factor, is used to represent the reduction of the nominal value (through partial re￾demption or write-down) of a bond can be represented mathematically. At issu￾ance, the pool factor is always equal to 1. In
accordance with the redemption con￾ditions, the factor is reduced during the term and is 0 at the end of the term. Pool factor bond In accordance with market practice, a pool factor bond is a bond for which the nominal value is not reduced after a partial redemption or partial repayment. The nominal value is adjusted by means of a pool factor. Price quotation Exchange rate at which the price of a foreign currency unit is expressed in units of the domestic currency (DM 1 = EUR 0,5 or EUR/DM 0,5). Relevant capital instru￾ments Relevant capital instruments within the meaning of Article 3(1) no. 51 of the SRMR and section 2 (2) of the SAG. Special manager Special manager within the meaning of section 87 of the SAG.

6 See also SRB document “Reflecting bail-in in the books of the International Central Securities Depositories (ICSDs)” under:
https://www.srb.europa.eu/en/content/srb-issues-new-guidance-bail-international-debt-securities.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10924 of 305 199 Term Definition Change of legal form The resolution authority may order a change of legal form into a stock corpora￾tion in the resolution orderResolution Order (section 77 of the SAG). The ordered change of legal form becomes effective with the publication of the resolution or￾derResolution Order (section 149 of the SAG). Borrower´s note loan (Schuldscheindarlehen (SSD)) Assignable loan agreement according to section 488 (1) of the BGB. The agree￾ment is recorded in a document serving as evidence for the existence of the loan agreement and the claims resulting thereof. Holders of the borrower´s note loan can transfer their claims only via written assignment and notification of the issuer. The issuer can request the return of the agreement document after repayment of the loan. Settlement Completion of a transaction by delivery of funds and/or securities. Structured bearer bond Structured bearer bond within the meaning of section 46f (7) of the KWG. No-par-value share (Stückaktie) Pursuant to section 8 of the AktG, shares may be issued either as par-value shares or as no-par-value shares. In contrast to par-value shares, no-par-value shares are not denominated in a nominal value and participate in the share capital to the same extent. The share in the share capital is determined by the ratio of the total number of no-par-value shares to the share capital. Denomination of a bearer bond The denomination of a bearer bond means the division of the aggregate principal amount (or total number of units) into specific partial amounts (units). In the case of percentage-quoted bearer bonds, the denomination is the smallest purchasable nominal value. If an institution issues a bearer bond with an aggre￾gate principal amount of, for example, EUR 5 million and a denomination of EUR 1.000,00, investors can buy bonds with a value of EUR 1.000,00 or any multiple of EUR 1.000. For example, bearer bonds with a value of EUR 2.000,00, but not of EUR 1.500,00. In the case of bearer bonds quoted in units, the denomination is the smallest pur￾chasable number of units, which is usually 1 unit. Technical conversion ratio Transition of the conversion percentage and the effective conversion rate as stated in the resolution orderResolution Order into a technical format to be pro￾cessed automatically by the CSD and the NNA. The technical conversion ratio is explained in more detail in the Chapters V.4.1.1.3 and IV.4.1.1.4V.4.1.1.4. Preferred share Shares that carry preferential rights in the distribution of profits. The voting right can be excluded (preferred shares without voting rights). The preferential right may consist in particular of a share in the profits attributable to the share in ad￾vance (advance dividend) or an increased share in the profits (additional dividend) (section 139 of the
AktG). WDCCI power Power to write down and convert relevant capital instruments in accordance with
Article 21 of the SRMR and section 89 of the SAG.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10925 of 305 199 Term Definition Central Securities Deposi￾tory (CSD) Central depository for securities that holds and manages securities for credit insti￾tutions. In accordance with section 1 (3) of the DepotG, central depositories for securities are credit institutions which are recognised as central depositories for securities pursuant to Article 16(1) of the CSDR, and that provide core services in Germany referred to in Section A point (2) of the Annex to the CSDR. Pursuant to
Article 2(1) point (1) of the CSDR, a central depository is a legal person that oper￾ates a securities settlement system pursuant to Section A point (3) of the Annex
and that provides at least one other core service pursuant to Section A of the An￾nex.
In Germany, only Clearstream Banking AG currently holds the position of a do￾mestic central securities depository within the meaning of section 1 (3) of the DepotG.

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I. Introduction and objectives of this document
The SRMR and the German SAG provide resolution authorities with the WDCCI power (in accordance with Ar￾ticle 21 of the SRMR and Section 89 of the SAG) and the bail-in tool (in accordance with Article 27 of the SRMR and Section 90 of the SAG) in order to absorb losses and/or to recapitalise institutions under resolu￾tion. Those instruments comprise the write-down of relevant capital instruments und bail-inable liabilities and/or their conversion into equity or other CET1 instruments. Due to similar technical processes, for the pur￾poses of this document the WDCCI power and the bail-in tool are both referred to as “bail-in”. In general, the bail-in provides the resolution authority with the following three powers:
 participation of holders of shares or other CET1 instruments;  write-down and conversion of relevant capital instruments;  creditor participation (bail-inable liabilities). The bail-in mechanic comprises the powers in accordance with section 101 of the SAG. It can be divided into the following three steps:
(1)1. the cancellation of shares or other CET1 instruments; (2)2. the write-down of the nominal value or the outstanding amount of relevant capital instru￾ments and bail-inable liabilities; and (3)3. the conversion of relevant capital instruments and bail-inable liabilities into shares or other CET1 instruments. The institution under resolution must on the one hand reflect the aforementioned steps to implement the bail-in in its internal IT-systems (internal bail-in implementation). On the other, the involved Financial Mar￾ket Infrastructures must also reflect the bail-in in their systems. The bail-in thereby becomes visible for all market participants (external bail-in implementation). The external bail-in implementation is based on the statements contained in the resolution orderResolution Order, complemented by further information from the institution under resolution and/or its agent (e.g. appointed paying agent). This Guidance Notice describes the overall process of the external bail-in implementation in the Federal Re￾public of Germany as considered most efficient by BaFin and the actors, which were involved in the drafting of this document with the framework of European and national requirements. It complements the Circular re￾garding the Minimum Requirements for Implementing a Bail-in (MaBail-in) by putting into concrete terms the external bail-in implementation.7 The Guidance Notice neither describes preparatory measures in conjunction with the drafting and publication of the resolution orderResolution Order nor the further necessary activities resulting from the bail-in, such as the internal implementation by the institution under resolution. In this version of the Guidance Notice the extended case scenario of the previous version is widened by (i) considering further levels of complexity, especially in connection with the safe custody and servicing of instru￾ments by International Central Securities Depositories (“ICSD Add-On”),(i) structured bearer bonds and (ii) in￾cluding additional actors (see information box).the potential write-up after application of the bail-in tool. In future versions, additional cross-borderin addition to a write-up, further aspects of bail-in execution, such as bail-in execution relating to liabilities subject to the laws of a third country, will also be taken into account. described. The Guidance Notice is addressed to all institutions in the Federal Republic of Germany, whose resolution planning envisages the application of the WDCCI power/the bail-in tool. It does not matter here whether the

7 See point 4.3 of the MaBail-in.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10927 of 305 199 institutions or groups are under the direct responsibility of the national resolution authority or under the di￾rect responsibility of the Single Resolution Board (SRB).8 However, institutions or groups that are resolvable because, in the view of the resolution authority, it is possible to open insolvency proceedings over the assets of the institution or group pursuant to Article 10 of the SRMR or Sections 57 or 58 of the SAG, are excluded.
Chapter II of the Guidance Notice provides an overview of the actors involved in the process and outlines
their responsibilities in the external bail-in execution. In Chapter III the relevant contact details of the FMI and BaFin for the implementation can be found. Chapter IV explains the temporal phases of bail-in implementa￾tion and external bail-in execution in the resolution phase. Chapter V provides an overview of the overall pro￾cess of the external bail-in execution according to the resolution orderResolution Order. In doing so, a distinc￾tion is made between process tasks of the domestic bail-in implementation, which technically primarily in￾volves CBF and WM Datenservice; and the ICSD bail-in execution, which primarily involves CBL and EB. The
Chapter describes the operational steps of the external bail-in implementation to be performed by the actors
as well as their concrete tasks, whereby country-specific requirements as regards to the capital markets law of third countries are excluded. In addition, it includes requirements and sample templates regarding the infor￾mation, which must be provided by the institution under resolution and/or its agent to the FMIs. Finally,
Chapter VI explains the concept of a write-up of instruments after application of the bail-in tool, and in partic￾ular presents the sample templates that the FMIs expect.
Note: For the targeted application of the relevant chapters of the guidance notice, institutions should first conduct an analysis of the instruments, exchanges as well as central securities depositories affected by the bail-in (see MaBail-in or DE-IRT-Bail-in-Guidance).

8 Reference is made in the following to MaBail-in for Less Significant Institutions; the DE-IRT Bail-in Guidance applies for Signifi￾cant Institutions.

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Underlying assumptions: Extended case scenario – “ICSD Add-On” This version of the Guidance Notice takes up the extended case scenario of the previous version and wid￾ens it by additional elements. The extension is mainly a so-called “ICSD Add-On”. In doing so, the new version takes into account cross-border aspects in connection with the safe custody and servicing of in￾ternational bearer bonds by the International Central Securities Depositories CBL and EB. In the case of instruments issued by an institution under resolution, the focus is broadened to include structured bearer bonds. The following assumptions apply:

• The institution under resolution can have any legal form prior to resolution (e.g. AöR, GmbH, eG,
  AG).
• The resolution authority may order a change of legal form into a stock corporation if this is nec￾essary for the application of the resolution measures.
• Clearstream Banking Frankfurt (CBF), Clearstream Banking Luxembourg S.A. (CBL) and Euroclear
  Bank SA/NV (EB) are the CSDs for instruments issued by the institution under resolution. The safe custody of securities via foreign CSDs (e.g. Iberclear, DTC) is not yet considered.
• The instruments previously issued by the institution under resolution may comprise, among oth￾ers, the following:
  (i) Instruments issued through and centrally deposited in Germany by CBF:
• Bearer and registered shares (with restricted transferability, where applicable);
• unstructured bearer bonds, issued in any currency, with and without
  pool factor, percentage-quoted and unit-quoted;
• structured bearer bonds, issued in euros, with and without pool factor,
  percentage-quoted. The unit-quoted structured bearer bonds will be considered in the next extension stage of the Guidance Notice. (ii) Instruments issued and not held by central securities depository in Germany:
• diverse instruments of ownership (e.g. of a limited liability company or cooperative society);
• unstructured borrower's note loans and registered bonds, issued in any currency;
• structured borrower's note loans and registered bonds, issued in any currency.
  (iii) Instruments issued and centrally deposited abroad via CBL and EB:
• unstructured international bearer bonds, issued in any currency, with our without pool factor, per￾centage-quoted and unit-quoted. International bearer bonds may have been issued by the institu￾tion under resolution in the form of a Classical (CGN) or New Global Note (NGN).
• For all instruments issued by the institution under resolution, the reduction of the nominal value
  or the outstanding amount will take place either by adjusting the nominal value or, in the case of pool factor instruments, by adjusting the corresponding pool factor. A change in the reduction type is not envisaged as part of the resolution measure.
• In this Guidance Notice, the process of discontinuation/suspension of trading on German stock
  exchanges within the meaning of section 2 of the BörsG and the Multilateral Trading Facilities and Organised Trading Facilities operated by them is considered.

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• The suspension and termination of trading by Systematic Internalisers and Multilateral and Or￾ganised Trading Facilities that are not operated by an exchange within the meaning of section 2
  of the BörsG is not subject of this Guidance Notice (note: for information on this please refer to the Guidance Notice on trade suspension on non-exchanges in the context of bank resolution). In the extended case scenario – “ICSD Add-On”, the resolution authority applies the following powers in the resolution order, for example:
• cancellation of shares or other CET1 instruments (section 101 sentence 2 no. 1 of the SAG);
• write-down of the outstanding amount of the bearer bonds, SSD and NSV (section 101 sentence
  2 nos. 3 and 4 of the SAG);
• conversion of the bearer bonds, SSD and NSV into new shares (section 101 nos. 5 and 6 of the
  SAG);
• where applicable, change of legal form (section 77 (3) of the SAG);
• where applicable, discontinuation/suspension of trading (section 79 (3) of the SAG);
• where applicable, suspension of payments (section 78 (1) no. 3 of the SAG and section 82 (1) of
  the SAG);

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Underlying assumptions: Extended case scenario – “Bail-in follow-up as￾pects” This version of the Guidance Notice builds on the extended case scenario of the previous version and ex￾pands it to include additional elements. The expansion mainly relates to the four aspects (1) write-up, (2) structured bearer bonds, (3) the potential use of a special manager and (4) a legally non-binding and in￾complete template for a Resolution Order. In the case of instruments issued by the institution under reso￾lution, the focus is expanded to include structured bearer bonds quoted in units and in any currency. Money market instruments are also now included. The following assumptions apply:

• The institution to be resolved can have any legal form before resolution (e.g. AöR, GmbH, eG,
  AG).
• The resolution authority may order a change of legal form into an Aktiengesellschaft (stock cor￾poration) if this is necessary for the application of the resolution actions.
• The resolution authority may order the appointment of a special manager.
• Clearstream Banking Frankfurt (CBF), Clearstream Banking Luxembourg S.A. (CBL) and Euroclear
  Bank SA/NV (EB) are the central securities depositories for the instruments issued by the institu￾tion under resolution. Custody of securities using foreign central securities depositories (e.g. Iber￾clear, DTC) is not yet included.
• The instruments previously issued by the institution under resolution may include the following:
  (i) Instruments issued in Germany via and centrally deposited with CBF:
  – bearer and registered shares (with restricted transferability, if applicable); – unstructured bearer bonds, issued in any currency, with or without a pool factor, percentage-quoted and quoted in units; – structured bearer bonds, issued in any currency, with and without a pool factor, percentage-quoted and quoted in units, – money market instruments issued in any currency. (ii) Instruments issued in Germany and not centrally deposited:
  – various instruments of ownership (e.g. of a German limited liability company or cooperative); – unstructured borrower’s note loans and registered bonds issued in any currency; – structured borrower’s note loans and registered bonds issued in any currency. (iii) Instruments issued outside Germany via and centrally deposited with CBL and EB:
  – unstructured international bearer bonds, issued in any currency, with or without a pool factor, percentage-quoted and quoted in units. The international bearer bonds may have been issued by the institution under resolution in the form of a Classic Global Note (CGN) or a New Global Note (NGN).
• For all instruments issued by the institution under resolution, the reduction of the nominal value
  or the outstanding amount is carried out either by adjusting the nominal value or, in the case of pool factor instruments, by adjusting the corresponding pool factor. The type of reduction can￾not be changed in the context of the resolution measure.

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• This Guidance Notice analyses the process of discontinuing/suspending trading on German stock
  exchanges within the meaning of section 2 of the German Stock Exchange Act (BörsG) as well as the multilateral trading facilities and organised trading facilities they operate.
• The suspension and discontinuation of trading by systematic internalisers as well as multilateral
  and organised trading facilities that are not operated by a stock exchange within the meaning of
  section 2 of the BörsG is not covered by this Guidance Notice (note: see the Guidance Notice on
  trade suspension on non-exchanges in the context of bank resolution).
  In the extended case scenario – “Bail-in follow-up aspects”, the resolution authority may exercise the fol￾lowing powers, for example, in the Resolution Order:
• cancellation of the shares or other Common Equity Tier 1 instruments (section 101 sentence 2 no.
  1 of the SAG).
• write-down of the outstanding nominal amount of bearer bonds, borrower’s note loans and reg￾istered bonds (section 101 sentence 2 nos. 3 and 4 of the SAG),
• conversion of bearer bonds, borrower's note loans and registered bonds into new shares (section
  101 nos. 5 and 6 of the SAG),
• if applicable, change in legal form (section 77 (3) of the SAG),
• if applicable, discontinuation/suspension of trading (section 79 (3) of the SAG),
• if applicable, suspension of payments (section 78 (1) no. 3 of the SAG and section 82 (1) of the
  SAG),
• if applicable, appointment of a special manager (section 87 of the SAG).
  Furthermore, following application of the bail-in tool, the resolution authority may exercise its power to reinstate the value of the claims of creditors and owners of relevant capital instruments that were written down as a result of application of the bail-in tool (Article 20(12) of the SRMR and section 75 (4) of the SAG). If the requirements of section 75 (4) of the SAG are met, the resolution authority is also authorised to reverse the retirement of shares or the cancellation of other Common Equity Tier 1 instruments to the extent necessary (section 99 (3) of the SAG). These authorisations are implemented by means of an ad￾ministrative act that is published in the same form as the Resolution Order (section 99 (3) sentence 5 of the SAG). For further information, see Chapter VI.

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II. Actors and their responsibilities
Table 1 provides an overview of the actors who are involved in the external bail-in implementation and their
respective responsibilities.
Actor Organisation Responsibility
Resolution authority BaFin  Drafting and publication of the resolution or￾derResolution Order and communication to the FMIs involved;  informing the exchange(s) about the features of the new shares;  where necessary, ordering the suspension/re￾sumption of trading of the instruments issued by the bank.;  where necessary, appointment of a special manager;  where necessary, exercising the power to write-up instruments by issuing an according administrative act. Supervisory authorities of the ICSDs CSSF NBB  Acknowledgement of resolution orderResolu￾tion Order;  acknowledgement of instruction letter of the resolution authority. Agent9 Agent of the institution under resolu￾tion, responsible among other things for the execution of payments to investors (e.g. dividends or interest) Depending on service agreement with bank:
 Preparation of the instruction letter and sup￾porting documents and transmission to the FMIs involved;  creation of the global certificate for the new shares, submission to the Central Securities Depository and notification of the stock ex￾change(s) concerned;  provision of bank/securities account details of holders of SSD/NSV and, where applicable, the existing shareholders affected by the bail￾in.

9 Please note: The reference to the agent is only applicable if the institution under resolution does not perform the duties of the agent, but instead commissions an external service provider.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10933 of 305 199 Actor Organisation Responsibility Bank Institution under resolution (resolution entity)  Preparation of the instruction letter and sup￾porting documents for bail-in execution and transmission to the FMIs involved;  where applicable, appointment of the ICSDs with settlement blocking for international bearer bonds affected by the bail-in;  where applicable, drafting of the “simplified listing application” for new shares and sub￾mission to the relevant stock exchange(s);  creation of the global certificate for the new shares, submission to the Central Securities Depository and notification of the stock ex￾change(s) concerned;  provision of bank/securities account details of holders of SSD/NSV and, where applicable, the existing shareholders affected by the bail￾in;  preparation of the information on the han￾dling of suspended interest and principal pay￾ments and submission to the NNA, the central securities depository, where applicable, to the ICSDs and the CDs/CSPs.;  where necessary, preparation of the instruc￾tion letter and supporting documents for the write-up and transmission to the FMIs in￾volved. Exchange(s) as well as multi￾lateral trading facilities (MTFs) and organised trad￾ing facilities (OTFs) operated by exchanges Frankfurt Stock Exchange, Stuttgart Stock Exchange, Munich Stock Exchange, Berlin Stock Exchange, Dusseldorf Stock Exchange, Eurex Germany, Eurex Repo, Hamburg Stock Exchange, Hannover Stock Exchange, Tradegate Exchange  Suspension and, where applicable, the discon￾tinuation and/or suspension/resumption of trading of the instruments issued by the bank;  where applicable, listing of new shares. Exchange Supervisory Au￾thority(ies) The highest state authority responsible for the supervision of the respective stock exchange  Acknowledgement of discontinuation/suspen￾sion of trading;  acknowledgement of the resumption of trad￾ing. Common Depository Common Depository of ICSDs for secu￾rities issued in the form of a Classical Global Note, generally a credit institu￾tion  where applicable, interruption of operations (e.g., transfer of funds to ICSDs) in connection with payments (interest and principle) for in￾ternational bearer bonds;  adjustment of the Classical Global Note in the course of the write-down and/or conversion of international bearer bonds;  provision of the mark-down instructions (write-down and/or conversion) to the ICSDs.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10934 of 305 199 Actor Organisation Responsibility Common Service Provider Common Service Provider of the ICSDs for securities issued in the form of a New Global Note, generally a credit in￾stitution  where applicable, interruption of operations (e.g., transfer of funds to ICSDs) in connection with payments (interest and principle) for in￾ternational bearer bonds;  provision of the mark-down instructions (write-down and/or conversion) to the ICSDs. Common Safekeeper Common Depository of the ICSDs for securities issued in the form of a New Global Note, generally a (international) CSD or the Common Service Provider  Adjustment of the New Global Note in the course of the write-down and/or conversion of international bearer bonds. Custodian bank Any custodian bank that is a participant of the involved CSD, where shareholders or creditors have a securities account  Reflection of the bail-in in the securities ac￾counts of the holders and creditors affected and notification of the customers;  where applicable, reflecting the write-up in the securities accounts of the holders and creditors affected and notification of the cus￾tomers. NNA WM Datenservice  Reflection of the discontinuation/suspension of trading and, where applicable, the suspen￾sion of payments (interest and principal) in the data stock;  set-up of data stock for the bail-in implemen￾tation. This includes the creation/assignment of ISINs for new shares as well as the adjust￾ment of master data (static and event data) of the affected instruments (e.g. change of nomi￾nal value or adjustment of the pool factor, ad￾justment of interest and redemption data, re￾flection of the reduction of percentage￾quoted structured bearer bonds in the sys￾tem);  provision of the data stock to the bank, CSD, the exchange(s) and other market partici￾pants. Special manager A special manager appointed by the resolution authority within the meaning of the section 87 of the SAG  Safeguarding all activities to be carried out by the institution in the context of external bail-in execution;  If applicable, preparation and implementation of a restructuring plan. Administrator of the interim account Institution under resolution or any other CSD participant appointed by the institution under res￾olution as administrator of the interim account  Administration of the interim account for new shares;  allocation of the new shares to the securities accounts of the holders of SSD/NSV as well as existing shareholders affected by the bail-in, at their respective custodian banks.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10935 of 305 199 Actor Organisation Responsibility Central Securities Deposi￾tory (CSD) Clearstream Banking Frankfurt  Where applicable, settlement blocking;  where applicable, suspension of interest and principal payments;  technical bail-in implementation in the sys￾tems;  delivery of new shares resulting from the con￾version of international bearer bonds to the ICSDs;  reflection of reflecting bail-in in participants’ accounts;  where applicable, technical implementation of the write-up and reflecting it in the partici￾pants’ securities accounts. International Central Securi￾ties Depository Clearstream Banking Luxembourg S.A., Euroclear Bank SA/NV  Where applicable, settlement blocking for in￾ternational bearer bonds;  where applicable, suspension of interest and principal payments for international bearer bonds;  technical bail-in implementation in the sys￾tems;  receipt of new shares from CBF resulting from the conversion of the affected international bearer bonds;  reflection of bail-in in participants’ accounts.
Table 1: Overview of the actors involved in the bail-in

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III. Contact details and contact persons

1. Disclaimer and important comments
   Disclaimer: The information on contact details and contact persons has been recorded by BaFin to the best of its knowledge and belief. BaFin accepts no liability for the correctness and completeness of the information or for the functionality of the e-mail addresses and telephone numbers. Important note for the entities involved: The entities involved are requested to notify BaFin (Division AM 2) without delay of any inaccuracies or planned changes to the contact details and other information. Important note about the times: It should be noted that the Central European Time (CET) applies to all time data listed in the Guidance Notice. In addition, it should also be noted that summer and winter time must be taken into account in accordance with legal regulations in the Federal Republic of Germany.
2. BaFin contacts
   With regard to communication with BaFin, the e-mail addresses specified in the table below are to be used:
   Organisation Organisational unit E-mail address BaFin Division Resolution Tools and Coordina￾tion resolution￾tools.AM2ABF14@bafin.de Division Intensive Care and Crisis Man￾agement resolution.AM3ABF13@bafin.de
   Table 2: BaFin’s contact data
3. Contact data of CBF, WM Datenservice and the ICSDs
   With regard to communication with the Financial Market Infrastructures, the contact data specified in the ta￾ble below are to be used:
   Organisation Organisational unit E-mail address Phone number CBF Business Duty Man￾ager available 24/7 bail-in@clearstream.com CAGermany@clearstream.com +352 (0) 243-344-99 WM Datenservice Corporate Action￾sOperations WM-BRRD-BAIL-IN@wmdaten.com +49 (0) 69-2732-480 CBL Corporate Actions Luxembourg CA_mandatory.events@clear￾stream.com EB Corporate Actions CA.OMK@euroclear.com ASO.OMK@euroclear.com
   Table 3: Contact data of CBF, WM Datenservice and the ICSDs

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4. Contact details and times of the exchanges for suspension of trading
If trading in certain instruments is to be suspended as part of the resolution measure, the exchange times listed in the table below must be considered:
Exchange Organisational unit E-mail address
24h fax availability
Times for trading suspension
Frankfurt
Stock Exchange
Cash Trading frankfurt.trading@deutsche￾boerse.com +49 (0) 69- 2111-3991 by 8:00 a.m.
Stuttgart
Stock Exchange
Listing & membership listing@boerse-stuttgart.de +49 (0) 711- 222-985-497 by 7:30 a.m.
Munich Stock Exchange Management feiler@boerse-muenchen.de, marktsteuerung@boerse￾muenchen.de, handelsueberwachung@bo￾erse-muenchen.de +49 (0) 89- 5490-4532 (trading hours) by 7:30 a.m. Berlin Stock Exchange Trade surveillance bail-in@boerse-berlin.de +49 (0) 30- 311-091-78 by 7:30 a.m. Dusseldorf Stock Exchange Management aussetzungen@boersenag.de, huest@boersenag.de +49 (0) 40- 361-302-23 by 7:00 a.m. Eurex Germany Derivatives Trading eurextrading@eurex.com +49 (0) 69- 211-143-45 by 9:00 a.m. Eurex Repo Repo Trading Operations ExR-Han￾delsaussetzungen@eurex.com +41 (0) 43- 430-72-75 by 7:00 a.m. Hamburg Stock Exchange Management aussetzungen@boersenag.de, huest@boersenag.de +49 (0) 40- 361-302-23 by 7:00 a.m. Hannover Stock Exchange Management aussetzungen@boersenag.de, huest@boersenag.de +49 (0) 40- 361-302-23 by 7:00 a.m. Tradegate Exchange Trade surveillance huest@tradegate-ex￾change.de +49 (0) 30- 896-065-25 by 7:30 a.m.
Table 4: Contact details and times of the exchanges for suspension of trading
5. Contact details for the submission of the “simplified listing application”
If a “simplified listing application” is to be submitted by the bank/agent to the exchange(s) (see Chapter IV.2.9),V.2.9), it is to be sent to the following addresses: 10 Exchange Organisational unit E-mail address 24h fax availability Frankfurt Stock Exchange Listing Services listing@deutsche-boerse.com +49 (0) 69-2111-3991 Stuttgart Stock Exchange Listing & membership listing@boerse-stuttgart.de +49 (0) 711-222-985-497 Munich Stock Exchange Management feiler@boerse-muenchen.de, zulassung@boerse￾muenchen.de +49 (0) 89-5490-4555 Berlin Stock Exchange Listing bail-in@boerse-berlin.de +49 (0) 30-311-091-78 Dusseldorf Stock Exchange Management zulassung-dus@boersenag.de +49 (0) 40-361-302-23

10 The trading venue Eurex Germany is not listed here because its product portfolio exclusively comprises derivatives. The Eurex Repo trading venue is also not included in the table because, as a general rule, only securities already in circulation are traded.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10938 of 305 199 Exchange Organisational unit E-mail address 24h fax availability Hamburg Stock Exchange Listing zulassung-hh@boersenag.de, s.marxsen@boersenag.de +49 (0) 40 -361-302-23 Hannover Stock Exchange Listing zulassung-han@boersenag.de, s.marxsen@boersenag.de +49 (0) 40-361-302-23 Tradegate Exchange Trade surveillance huest@tradegate-exchange.de +49 (0) 30-896-065-25
Table 5: Contact details for the submission of the “simplified listing application” by the bank
6. Contact details for informing the exchanges about the global certificate
The bank/agent must inform the following organisational units at the exchange(s) on which the new shares are to be listed about the submission of the global certificate for the new shares to the CSD (see Chapter V.2.11):11 Organisation Organisational unit E-mail address 24h fax availability Frankfurt Stock Exchange Listing Services listing@deutsche-boerse.com +49 (0) 69-2111-3991 Stuttgart Stock Exchange Listing & membership listing@boerse-stuttgart.de +49 (0) 711-222-985-497 Munich Stock Exchange Management feiler@boerse-muenchen.de, zulassung@boerse￾muenchen.de +49 (0) 89-5490-4555 (trading hours) Berlin Stock Exchange Listing bail-in@boerse-berlin.de +49 (0) 30-311-091-78 Dusseldorf Stock Exchange Management aussetzungen@boersenag.de, zulassung-dus@boersenag.de, huest@boersenag.de +49 (0) 40-361-302-23 (trading hours) Hamburg Stock Exchange Management aussetzungen@boersenag.de, zulassung-hh@boersenag.de, huest@boersenag.de +49 (0) 40-361-302-23 (trading hours) Hannover Stock Exchange Management aussetzungen@boersenag.de, zulassung-han@boersenag.de, huest@boersenag.de +49 (0) 40-361-302-23 (trading hours) Tradegate Exchange Trade surveillance huest@tradegate-exchange.de +49 (0) 30-896-065-25
Table 6: Contact details for informing the exchanges about the global certificate by the bank

11 The trading venue Eurex Germany is not listed here because its product portfolio exclusively comprises derivatives. The Eurex Repo trading venue is also not included in the table because, as a general rule, only securities already in circulation are traded.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10939 of 305 199
IV. Phases of bail-in execution
In accordance with the “EBA Guidelines to resolution authorities on the publication of the write-down and conversion and bail-in exchange mechanic”12, the bail-in execution timeline generally comprises four phases:
a. resolution planning, b. implementation of the resolution decision (resolution weekend),
c. period in which the bail-in is executed (resolution),
d. end of the resolution procedure.
The following diagram shows the four phases and the corresponding tasks of the resolution authority, the bank/agent and, if applicable, a special manager appointed by the resolution authority. The individual phases are explained in detail in the following:
Resolution planning
This phase can be divided into two sub-phases – the normal course of business and the early warning phase. There are no indications during the normal course of business that an institution will fail. The resolution au￾thority and the institution must make general preparations for the resolution event. The bank must perform an analysis of the instruments, stock exchanges and central securities depositories affected by the bail-in (see MaBail-in or DE-IRT-Bail-in Guidance). As soon as a FOLTF situation emerges, the resolution authority and the institution intensify their preparations for the resolution event. The resolution authority carries out a detailed analysis of the current situation. If a crisis mode is ultimately determined, the resolution authority prepares case-specific measures. Additionally, the resolution authority can appoint a valuer to conduct a valuation for resolution purposes during this phase. The resolution authority must also analyse the extent to which it is necessary to take control of the institution by appointing a special manager. If applicable, a special manager is selected and appointed in this phase. Resolution weekend If the conditions for resolution set out in Articles 18 and 16 of the SRMR (sections 62 and 64 of the SAG) are met, the resolution authority can make a decision on the resolution of the institution. When it examines the conditions for resolution, the resolution authority must take into account that other (alternative) measures, including measures taken by the private sector as part of institutional protection schemes that would prevent the failure or probable failure of the institution within a reasonable time frame, take precedence over resolu￾tion of the institution. In the event of resolution, the institution must, in accordance with MaBail-in, be in the position to provide specific information on the individual liabilities (list of liabilities with data points) as well as other specific in￾formation relevant to execution (e.g. key balance sheet and income statement items, own funds and total risk exposure amount) as at the effective date of the resolution (including the outcome of the valuation) within 24 hours of the request by the resolution authority. The specific requirements and time frames are described in MaBail-in. For example, if a Friday (close of business 18:00) is defined as the effective date of resolution, the institution must provide the information by Saturday, 18:00. The resolution authority must then calculate the bail-in on the basis of the information provided by the insti￾tution. In addition to the data provided by the institution, data from the valuation (e.g. net asset value, hypo￾thetical insolvency ratios, PCEV), from the supervisory authority (e.g. target total capital ratio) and from the Bundesbank (e.g. WPInvest data) are also required. The focus of the activity is the calculation of the write￾down and conversion percentages as well as the effective conversion rates,
whereby the bail-in sequence

12 See EBA Guidelines EBA/GL/2023/01 at: https://www.eba.europa.eu/sites/default/documents/files/document_library/Publica￾tions/Guidelines/2023/EBA-GL-2023-01/Translations/1054413/Guidelines%20of%20the%20bail-in%20mechanics_DE_COR.pdf.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10940 of 305 199 must first be created on the basis of the information provided. The Resolution Order is issued and published by the resolution authority at the end of the resolution weekend. Resolution The bail-in must be implemented by the institution in this phase. On the one hand, liabilities must be written down in the institution’s internal systems, i.e. in particular for borrower’s note loans and registered bonds, as they are generally not held by central securities depositories and traded on stock exchanges. On the other, the institution must initiate external bail-in execution and support its technical implementation by financial market infrastructures. End of the resolution procedure A definitive valuation must be carried out at the end of the resolution procedure in accordance with Arti￾cle 20(11) of the SRMR (section 75 (1) of the SAG). Based on this, the resolution authority may exercise its power to reinstate the value of the claims of creditors and owners of relevant capital instruments that were written down on the basis of the provisional valuation as a result of application of the bail-in tool (Article 20(12)(a) of the SRMR and section 75 (4) of the SAG). If the requirements of section 75 (4) of the SAG are met, the resolution authority is also authorised to reverse the retirement of shares or the cancellation of other Common Equity Tier 1 instruments to the extent necessary (section 99 (3) of the SAG). For reasons of simplifi￾cation, the two measures are referred to as a write-up for the purposes of this document. The concept of the write-up is described in Chapter VI. The Bailmeasures following the application of the bail-in tool also include the creation of a restructuring plan by the bank or the special manager. In addition, measures may have to be taken by the institution or a special manager to ensure that liabilities subject to the law of a third country are effectively written down and converted (section 81 (1) no. 1 of the SAG).

This translation is furnished for information purposes only.
The original German text is binding in all respects.
Guidance Notice - External Bail-in Execution Seite 41 von 305
Figure 1: Phases of bail-in execution

This translation is furnished for information purposes only.
The original German text is binding in all respects.
Resolution – Division Resolution Tools
Guidance Notice of the Federal Financial Supervisory Authority for the- External Bail-in Implementation Status: July 2022Execution

1. See SRB Document “SRB Valuation Data Set Explanatory Note” under https://www.srb.europa.eu/en/content/valuation.
2. See SRB Document “SRB Valuation Data Set Instructions” under https://www.srb.europa.eu/en/content/valuation.
   Background information:
   Valuation
   Before the resolution authority issues a Resolution Order, it must ensure that the assets and liabili￾ties of the institution or entity belonging to the group are valued in accordance with Article 20(1) of the SRMR and section 69 (1) of the SAG. Depending on the objective, a distinction can be made between two types of valuation that are carried out before and after a resolution measure:
   I. Valuation before resolution
   A distinction is made between valuation 1 and 2;  Valuation 1 (Article 20(5)(a) of the SRMR or section 71 (1) number 1 of the SAG): The valua￾tion serves as the basis for determining whether the conditions for a resolution or a write￾down and/or conversion of relevant capital instruments (“WDCCI”) are met.  Valuation 2 (Article 20(5)(b) to (g) of the SRMR and section 71 (1) numbers 2 to 8 of SAG):
   The valuation primarily serves to inform the choice of and arrangements for the resolution strategy (e.g. on the amount of any write-down and/or conversion of capital instruments).
   II. Definitive valuation
   If valuation 2 was only carried out provisionally, the resolution authority receives a definitive valua￾tion 2 after application of the bail-in tool. Based on definitive valuation 2, the resolution authority decides the extent to which the instruments used in the bail-in are to be written up. In addition, in accordance with Article 20(16) of the SRMR and section 146 (1) of the SAG, the res￾olution authority must, after the resolution actions have been implemented, assess whether the shareholders and creditors would have received better treatment if normal insolvency proceedings had been initiated for the entity under resolution (valuation 3). Relevant documents The circular “Minimum Requirements for Information Systems to Provide Information for Valua￾tions in the Context of Resolution (MaValuation)” contains all relevant information requirements with regard to the valuation of the institutions or groups within the area of responsibility of the national resolution authority. The following documents are relevant for the valuation of institutions or groups within the area of responsibility of the Single Resolution Board (SRB):
    SRB Valuation Data Set Instructions1)
    SRB Valuation Data Set Explanatory note2)
   .

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10943 of 305 199 IV.V. External bail-in implementation

1. Overview of the overall process
   This Chapter will first provide an overview of the overall process of the external bail-in implementation. Then a distinction will be made between domestic and ICSD bail-in implementation. In particular, it must be taken into account that the participation of ICSDs is always considered as an extension (“ICSD Add-On”) to the do￾mestic process of the external bail-in implementation.13 This will be explained in the following on the basis of the possible roles of ICSDs. The ICSDs can participate in the process of the external bail-in implementation, on the one hand, as “issuer CSDs” and, on the other hand, as “investor CSDs” or participants of the domestic central securities depository. If instruments have been issued by the institution under resolution via the international central securities de￾pository, then the ICSDs are involved as “issuer CSDs” in the reduction of these instruments as a consequence of a write down and/or conversion. They implement the reduction on the basis of information provided by domestic actors. In doing so, additional activities, in particular of the tasks 5, 10, 12 and 20 of the domestic bail-in implementation, must be considered by the domestic actors (see Chapter V.3). If the instruments issued via the ICSDs, as part of the resolution measure, are converted into new shares, the ICSDs assume the role of the “investor CSDs”. The technical generation and safe custody of the new shares is performed by the domestic central securities depository (CBF). CBF books the new shares into the accounts of its participants, which include, among others, the ICSDs. The ICSDs, in turn, distribute the new shares to their participants. Thus, the ICSD process always builds on the domestic process of the external bail-in implementation. The fol￾lowing figure is intended to clarify the relationships described herein:
   Figure 12: The role of the (I)CSDs in the process of the external bail-in implementation

13 See, in the following, the SRB document “Reflecting bail-in in the books of the International Central Securities Depositories (ICSDs)” at: https://www.srb.europa.eu/en/content/srb-issues-new-guidance-bail-international-debt-securities.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10944 of 305 199 The following Chapters V.2 and V.3 are dedicated to the different steps in the external bail-in implementation, i.e.:
(1) cancellation of existing ownership rights; (2) write-down of instruments; and (3) conversion of instruments into new shares.
Figure 23 provides an overview of the overall process, i.e. the actors involved and the temporal sequence of
the external bail-in implementation. The overall process is divided into several process tasks. Each process task is summarised below in a task table. In addition, the documents that must be drafted by the institution under resolution or, if applicable, its agent, are described and explained in detail. Where necessary, infor￾mation boxes highlighted in blue provide detailed background information with a description of the respec￾tive process task. The timetable for the process of the external bail-in implementation, as described in this document, presup￾poses that the institution under resolution or, if applicable, its agent provides all necessary information to the involved FMIs in a timely manner and in the correct format. This Guidance Notice describes the process of the external bail-in implementation as it is considered to be most effective and efficient and describes a target to be achieved. This also applies to the timeframe envisaged for the overall process. However, it is important to note that, in the event of a crisis, there may be deviations and changes in both, the temporal sequence and the sequence of steps. Please note:
The process task descriptions assume that e-mails are used for the exchange of information. However, this Guidance Notice does not prescribe the communication channels to be used for the exchange of information between the actors involved. The actors involved can choose com￾munication channels that deviate from the Guidance Notice. However, for the exchange of information with BaFin, it must be ensured that the information exchanged is transmitted in an encrypted form and via secure channels according to BaFin’s cur￾rent technical requirements. Corresponding data protection regulations, in particular the require￾ments of the GDPR, must be observed. In addition, the aspects of information security, protec￾tion against fraud and sabotage, etc. must be taken into account when exchanging information.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 45 of 305

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10946 of 305 199
Figure 23: Overall process of the external bail-in implementation
T = date of announcement of the Resolution Order by the resolution authority, T + x = time frame for the task implementation after T, x = number of business days () Supervisory authorities of exchanges, () Suspension of payments (interest and principal) during technical bail-in implementation, () There are two different versions of the notification to the exchanges, () The time of the task imple￾mentation can differ from the one specified in this overview, (*) The adjustment of the Global Certificate(s)/Global Note(s) takes place via the Common Depositories (CGN) and the Common Safekeepers (NGN).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 47 of 305
2. Description of the process tasks: Domestic external bail-in implementation
Task table: Domestic external bail-in implementation This chapter includes an overview of the domestic bail-in implementation process and the overview of the individual process tasks. Each process task describes the responsible actor, the necessary information base, the time of execution, the activities to be carried out for the execution and the information and communica￾tion channels.
Figure 3Figure 4 provides an overview of the German bail-in implementation process, also the involved ac￾tors and the temporal sequence of the external bail-in implementation.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 48 of 305

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 10949 of 305 199
Figure 34: Overall process of the domestic bail-in implementation

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execu￾tion Task 1: Publication of the resolution orderResolution Order Task owner Resolution authority Source of information n.a. Time of implementation T Task implementation The resolution authority:
 calculates the bail-in;
 elaborates the resolution orderResolution Order (where applica￾ble, together with provisional or amended articles of association) and appendices/positive lists14;  and in addition prepares the positive lists as MS Excel files:15 o of the instruments affected by the bail-in; o with discretionary exclusions in accordance with
section 92 (1) of the SAG;
o with instruments for which discontinuation/suspension of trading is to be applied; o with instruments affected by the bail-in for which pay￾ments are to be suspended. The resolution orderResolution Order may include a discontinuation/sus￾pension of trading. If the suspension of trading is ordered only for the in￾struments affected by the bail-in, then the resolution authority makes avail￾able to the exchange(s) the positive list in Excel format with the instru￾ments for which trading is to be discontinued/suspended. The positive list is provided to the exchange(s) before the start of trading (e.g. in the case of the Frankfurt Stock Exchange before 8:00 a.m.) on the date on which the discontinuation/suspension of trading is to become effective. If payments are incurred during the technical implementation of the bail-in, they should be suspended (see background information in Chapter V.2.4). The information necessary for this (e.g. ISIN, the regular payment date for interest and/or redemption, the period of suspension) will be provided to the NNA and the CSD in a positive list in Excel format (before 8:30 a.m.). All positive lists are to be checked by the bank/agent and corrected or sup￾plemented if necessary (see task 5).

14 See the background information on the resolution orderResolution Order and a legally non-binding indicative template of the Resolution Order in Appendix V. 15 See Appendix III.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10951 of 305 199 Forwarded information  Publication of the resolution orderResolution Order on the reso￾lution authority’s website, together with indication of the date and time of the publication16 ,  sending of the resolution orderResolution Order via e-mail di￾rectly to bank, NNA, CSD, and exchange(s), their respective su￾pervisory authority and where applicable information via phone;  sending of the positive list with the instruments affected by the bail-in (as MS Excel file) to the bank by e-mail;  sending of the positive list with discretionary exclusions (as MS Excel file) to the bank by e-mail;  sending of the positive list with the ISINs of the instruments af￾fected by the discontinuation/suspension of trading (MS Excel file) via e-mail to the exchange(s), the central securities deposi￾tory and the bank;  sending of the positive list with the instruments affected by the bail-in for which payments are to be suspended (as MS Excel file) by e-mail to the bank/agent and in copy to the NNA and the CSD. Task table 1: Publication of the resolution order

16 The resolution authority also informs the entities specified in section 140 (2) of the SAG that a resolution action is being taken.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execu￾tion Background information:
Resolution order
Pursuant to Section 136 of the SAG the resolution order comprises, inter alia, at least the follow￾ing information:

• information regarding the institution under resolution;
• details of resolution tools used;
• effective date of the resolution;
• write-down percentages (with 7 decimal places, e.g. 70,1234567%);
• conversion percentages (with 7 decimal places, e.g. 30,1234567%); and
• effective conversion rates (with 9 decimal places, e.g. 0,720000000).
  Furthermore, the resolution order may contain other information, including:
• information on change of legal form, where applicable;
• details of discontinuation/suspension of trading, where applicable;
• details of the suspension of payments, where applicable.
  Pursuant to Section 140 (4) of the SAG, the resolution authority publishes the resolution order on its website immediately after its decree and informs other authorities and further entities (pursu￾ant to Section 140 (2) of the SAG) as well as the institution under resolution. The write-down percentages, conversion percentages and effective conversion rates of the reso￾lution order apply to all instruments affected by the bail-in unless they are discretionarily ex￾cluded. The above percentages and effective conversion rates are determined per rank. The capital instruments and liabilities affected by the bail-in are in principle indicated by a de￾scription of their respective liability rank of the bail-in sequence in the resolution order. Appendices to the resolution order:
  The resolution order includes the following appendices:
   A positive list of instruments affected (e.g. SSD, NSV and bearer bonds) by the bail-in within each rank (including the respective applicable write-down percentage, conversion percentage and effective conversion rate). The statutory exclusions in accordance with sec￾tion 91 of the SAG and the discretionary exclusions under section 92 of the SAG are not in￾cluded in this appendix.  A positive list with discretionary exclusions. If there are no discretionary exclusions, they will not be listed in the resolution order. In the corresponding Excel positive list (see task 1 and Appendix III), it will be explicitly confirmed to the bank if there are no discretionary ex￾clusions.  A positive list of instruments affected (e.g. SSD, NSV and bearer bonds) by the suspension of payments. The list only includes instruments that have not been reduced by 100%. If in￾struments were reduced by 100%, they are deemed to have been fulfilled in accordance with
  section 99 (1) of the SAG, which results in the redemption of any obligations or claims aris￾ing from them, so that no suspension of payments can be ordered. It is important to note:
  irrespective of this, the institution and the CSD should ensure that no payment outflows oc￾cur from these instruments, as they no longer legally exist.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execu￾tion  A positive list of instruments affected by the suspension of trading, provided that a trad￾ing suspension has not been ordered for all instruments of the institution. Additional lists:
Furthermore, the above appendices/positive lists to the resolution order are provided to the bank and the market participants involved as MS Excel files for review and technical processing (see task 1 and Appendix III). All positive lists must be checked by the bank for completeness and correctness. The positive lists with additions and other corrections must be sent by the bank to the resolution authority without delay. The resolution authority then submits the supplementary or corrected positive lists to the relevant market participants (see task 5).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 54 of 305 Background information:
Resolution Order
In accordance with section 136 of the SAG, the Resolution Order must contain the following min￾imum information, among other things:

• information regarding the institution to be resolved,
• information regarding the resolution tools used,
• effective date of resolution,
• write-down percentages (with 7 decimal places, e.g. 70,1234567%),
• conversion percentages (with 7 decimal places, e.g. 30,1234567%) and
• effective conversion rates with 9 decimal places (e.g. 0,720000000).
  The Resolution Order may also contain other information:
• if applicable, information regarding the change in legal form and the provisional arti￾cles of association,
• if applicable, information regarding the discontinuation/suspension of trading,
• if applicable, information regarding the suspension of payments,
• if applicable, information regarding the special manager.
  Under section 140 (4) of the SAG, the resolution authority must publish the Resolution Order on its website immediately after it has been issued and must inform other authorities and other agencies (under section 140 (2) of the SAG) as well as the institution under resolution. The write-down percentages, conversion percentages and effective conversion rates stated in the Resolution Order apply to all instruments affected by the bail-in, unless they are exempted on a discretionary basis. The stated percentages and effective conversion rates are determined for each liability rank. The capital instruments and liabilities affected by the bail-in are generally indicated by a descrip￾tion of their respective liability rank of the bail-in sequence in the Resolution Order. Appendices to the Resolution Order:
  The Resolution Order includes the following appendices:
   A positive list of instruments affected by the bail-in (e.g. borrower's note loans, registered bonds, bearer bonds) of each liability rank (including the applicable write-down percentage, conversion percentage and effective conversion rate). The statutory exclusions in accordance with Article 27(3) of the SRMR or section 91 (2) of the SAG and the discretionary exclusions in accordance with Article 27(5) of the SRMR and section 92 (1) of the SAG are not included in this appendix.  A positive list with discretionary exclusions. If there are no discretionary exclusions, they will not be listed in the Resolution Order. In the corresponding Excel positive list (see task 1 and Appendix III), it will be explicitly confirmed to the bank if there are no discretionary ex￾clusions.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10955 of 305 199  A positive list with the instruments (e.g. bearer bonds, registered bonds, borrower's note loans) affected by the suspension of payments. The list only includes instruments that have not been reduced by 100%. If instruments were reduced by 100%, they are deemed to have been fulfilled in accordance with section 99 (1) of the SAG, which results in the cancellation of any liabilities arising from them, so that no suspension of payments can be ordered. Note that, irrespective of the fulfilment effect, the institution and the central securities depository should ensure that there are no payment outflows from these instruments, as they no longer legally exist.  A positive list of the instruments affected by suspension of trading, unless suspension of trading was ordered for all of instruments of the institution. Additional lists:
In addition the above appendices/positive lists to the Resolution Order must be provided to the bank and the market participants involved as MS Excel files for review and technical processing (see task 1 and Appendix III). All positive lists must be checked by the bank for completeness and correctness. The positive lists with additions and other corrections must be sent by the bank to the resolution authority without delay. The resolution authority then submits the supplementary or corrected positive lists to the relevant market participants (see task 5). Template of the Resolution Order:
A legally non-binding and incomplete draft template of a Resolution Order can be found in An￾nex V of the Guidance Notice for information and illustrative purposes.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10956 of 305 199 Background information:
The role of a special manager in external bail-in execution In the course of applying the resolution measure, the resolution authority possesses a number of ancillary powers. The resolution authority may, among other things, take control of the institu￾tion under resolution and entities belonging to the group in accordance with Article 29(1) sen￾tence 1 of the SRMR or section 86 of the SAG in order to carry out a resolution measure if the resolution requirements are met. This can be done directly by the resolution authority or via a special manager (SM) within the meaning of section 87 of the SAG. The resolution authority may replace a) the management and b) the supervisory or administra￾tive body of an institution for a period of up to one year (can exceptionally be extended to a to￾tal of up to two years) by a suitable special manager, whereby the resolution principle under Ar￾ticle 15(1)(c) of the SRMR and section 68 (1) no. 4 SAG (replacement of the management) is also implemented (section 87(1) of the SAG). Rights and powers:
If the resolution authority orders the appointment of a special manager, the duties and powers of the special manager must be described in the order, which must be made public. In exercising their rights, duties and powers, the special manager is subject to supervision by the resolution authority and must comply with its orders (section 88 (2) of the SAG). The special manager must always pursue the resolution objectives and, within the scope of their powers, carry out the resolution actions ordered by the resolution authority for the institution (section 88 (3) of the SAG). The resolution authority has the option to restrict the rights, duties and powers of the special manager at any time without giving reasons (section 88 (4) of the SAG). In addition, the special manager must provide the resolution authority with a detailed written report on the economic and financial situation of the institution as well as the execution of the tasks assigned to them and the outcomes achieved at the beginning and end of their activities and at regular intervals in between (section 88 (5) of the SAG). The resolution authority can dis￾miss the special manager at any time without giving reasons (section 87 (1) of the SAG). Tasks:
In addition to the duties and powers set out in section 45c (2) of the German Banking Act (KWG), the resolution authority may delegate to the special manager the duties and powers of the man￾agement and the administrative and supervisory body of the institution. When applying the bail-in tool, the primary functions of a special manager may include the preparation and implementation of a restructuring plan in accordance with section 102 (3) of the SAG (sections 102 et seq. of the SAG). The priority tasks in the course of the deployment of a special manager can be categorised as follows in accordance with the phases of the bail-in execution described in Chapter IV.1:
Resolution planning:
 organising the selection and onboarding process of a special manager by the resolution au￾thority;  identifying potential indicators for a subsequent need for the resolution authority to take control of an institution;  outlining various scenarios and cases, in particular with regard to different roles and tasks of the special manager by the resolution authority.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10957 of 305 199 Resolution weekend:
 analysis of the specific case with regard to the need for the resolution authority to take con￾trol;  discussion by the resolution authority of the specific tasks and powers as well as the dura￾tion of the deployment of the special manager, depending on the specific case;  selection of suitable candidates by the resolution authority, depending on the specific case;  concrete discussions with suitable candidates and subsequent decision by the resolution au￾thority;  preparation of the onboarding of the selected candidate by the resolution authority. Resolution:
 decision by the resolution authority to appoint a special manager;  resolution authority determines the specific tasks and powers as well as the duration of the special manager’s assignment;  special manager is formally appointed, and resolution authority hence takes indirect (partial) control of the resolved institution when the corresponding order is announced;  appointed special manager pursues resolution objectives and implements the resolution ac￾tions;  safeguarding of all partial steps to be carried out by the institution in the context of external bail-in execution by the appointed special manager.  If applicable, taking the appropriate and necessary measures in accordance with the Resolu￾tion Order so that liabilities subject to the law of a third country are effectively written down and converted (section 81 (1) no. 1 of SAG). End of the resolution procedure:
 preparation of a restructuring plan within one month of application of the bail-in and sub￾mission to the resolution authority by the special manager (section 102 of the SAG);  if applicable, implementation of the approval process with the resolution authority for the restructuring plan by the special manager (section 104 of the SAG);  if applicable, amendment of the restructuring plan within two weeks, provided that corre￾sponding notification is made by the resolution authority in accordance with Article 27(16) of the SRMR or section 104 (2) of the SAG;  if applicable, implementation the restructuring plan by the special manager (section 105 of the SAG);

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 58 of 305 Task 2: Discontinuation/suspension of trading Task owner Exchange(s) Source of information Resolution orderOrder received from resolution authority including the (supplementary or corrected) positive list with ISINs of instruments (drafted in tasks 1 and 5) for which a discontinuation/suspension of trad￾ing will be implemented. Time of implementation T + 1 (before start of trading) Task implementation The exchange(s) implement(s) the suspension of trading immediately after receiving the resolution orderResolution Order (and where applicable the positive list with the ISINs of the affected instruments). For those instruments for which a discontinuation of trading has been or￾dered, the trade will be discontinued. After this, trading of the affected in￾struments is no longer possible. Forwarded information  Information to the market of the discontinuation/suspension of trading via trading information stream, (e.g. via information provider);  information to the NNA about the discontinuation/suspension of trading via the interface (automated process);  information to the resolution authority(ies) via e-mail of the discontinuation/suspension of trading;  information to the competent Exchange Supervisory Author￾ity(ies) via e-mail of the discontinuation/suspension of trading;  information to the bank on the discontinuation/suspension of trading via e-mail (necessary for the generation of the instruc￾tion letter and supporting documents in preparation for task 5). Please note: If the instruments listed in the resolution orderResolu￾tion Order and in the positive list affected by suspension of trading are not traded on the respective exchange, the bank and the resolu￾tion authority must also be informed (by e-mail). Task table 2: Discontinuation/suspension of trading

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10959 of 305 199 Background information:
Discontinuation/suspension of trading
For the implementation of the bail-in, a discontinuation/suspension of trading is not mandatory for the in￾struments affected by the bail-in. In accordance with section 79 (3) of the SAG, the resolution authority may, however, require a discontinuation/suspension of trading to the extent necessary for the performance of its tasks in the resolution order.Resolution Order. For example, a waiver of the trading of financial instru￾ments may be considered for those instruments that no longer exist after the resolution action. This would apply, for example, to cancelled shares. For bearer bonds affected by the bail-in, a discontinuation of trad￾ing could be ordered. A resumption of trading concerns only those instruments which still exist after the bail-in has been implemented. The process described in this document is based on the assumption that the resumption of trading will take place at T+5. However, this may be conducted at a later point in time (de￾pending on the order to resume trading). The resolution authority has the power to suspend or terminate trading in financial instruments traded on a trading venue within the meaning of section 2 (22) of the Securities Trading Act or by a systematic internal￾iser. Without prejudice to this power, the respective management of an exchange can also order (on its own initiative) the discontinuation/suspension of trading of instruments issued by the institution under res￾olution on the basis of applicable rules (such as stock exchange rules and regulations). The suspension of trading may comprise the following two dimensions:
a. only instruments affected by the bail-in:
In this case, the positive list of the affected instruments has to be sent to the exchange(s) by the resolution authority on the day the suspension of trading becomes effective before the start of trading (e.g. for the Frankfurt Stock Exchange, this is 8:00 a.m.). The exchange(s) suspend(s) trading for all affected instruments, by order of the resolution authority. During the compilation of the information required by the bank for the implementation (task 5), the bank must check the non-conclusive list for correctness and completeness. The bank must send the corrected positive list to the resolution authority without delay. The resolution au￾thority then submits the corrected list to the exchange(s) (see task 5). b. all instruments issued by the bank:
The exchange(s) suspend(s) trading for all instruments issued by the bank, by order of the resolution au￾thority. In this case, the resolution authority does not submit a separate list to the exchange(s). The bank has to check the notification of the exchange(s) (see task 2) on the suspension of trading, to ensure that all instruments issued by it have been taken into account for the suspension of trading, and if necessary, with￾out undue delay send a correcting notification to the resolution authority for submission to the ex￾change(s). For the transmission of the supplementary list of securities or a correcting notification on the part of the bank to the resolution authority, the opening times of the exchange(s) listed in Chapter III.4 must be con￾sidered.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10960 of 305 199 Task 3: Settlement blocking and suspension of payments, if necessary Task owner Central Securities Depository (CSD) Source of information  Resolution orderOrder received from resolution authority (see task 1);  the (supplementary or corrected) positive list received from the resolution authority with the instruments for discontinua￾tion/suspension of trading affected by the bail-in (tasks 1 and 5);  the (supplementary or corrected) positive list with the instru￾ments for suspension of payments received from the resolution authority (tasks 1 and 5); Time of implementation T+1 Task implementation  Based on the (supplementary or corrected) positive list with in￾struments for the discontinuation/suspension of trading, the CSD may, if necessary, decide to initiate settlement blocking for instru￾ments affected by the bail-in.  The CSD, if directed to do so in the resolution orderResolution Order, or, if instruments no longer exist, suspends all interest and principal payments (in accordance with the MS Excel list) which accrue during the technical implementation of the bail-in. Forwarded information  Information to resolution authority regarding the settlement blocking and the suspension of payments via e-mail, if applicable;  information to bank regarding settlement blocking and the sus￾pension of payments via e-mail (needed for the generation of the instruction letter and supporting documents in task 5), if applica￾ble. Task table 3: Settlement blocking and suspension of payments

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10961 of 305 199 Task 4: Reflection of discontinuation/suspension of trading and generation of ISINs Task owner National Numbering Agency (NNA) Source of information  Resolution orderOrder received from resolution authority (see task 1);  the (supplementary or corrected) positive list sent by the resolu￾tion authority with the instruments affected by the bail-in for sus￾pension of payments (tasks 1 and 5);17  information regarding the discontinuation/suspension of trad￾ing received from exchange(s) (task 2). Time of implementation T+1 Task implementation  The NNA reflects the discontinuation/suspension of trading in its data stock by adjusting the status of the affected ISINs ac￾cordingly.  The NNA also generates the ISIN(s) for the new shares resulting from the conversion of the instruments into shares. at the request of the bank/agent (see Task 5).

17 It should be noted that the suspension of payments is reflected in master data (static and event data) by WM Datenservice in task 6. Background information:
Suspension of payments (interest and principal) The resolution authority may, if necessary, order the suspension of interest and principal payments in the resolution orderResolution Order, provided that the instruments were only partially reduced. This is because, for technical reasons, in general no interest or (partial) principal payments should be made for the instruments affected by the bail-in during the period of the technical implementation of the bail-in. If payments are due during this period, they should in principle be made – adjusted – within two weeks after conclusion of the technical implementation of the bail-in. It should also be noted that:
If instruments, upon the resolution orderResolution Order becoming effective, have been reduced in full or in part through conversion and/or write down, no suspension of payment can be ordered by the resolution authority for the reduced portion of the instruments, as this is deemed to be fulfilled in full pursuant to section 99 of the SAG. Consequently, payment obligations of these instruments cease to exist without a decree in the resolution orderResolution Order. If instruments have been reduced in full or in part, the institution and the central securities depository should ensure that no cash outflows occur from these instruments during the period of the technical bail-in implementation. Information on how to deal with suspended payments is communicated by the bank or its agent to the relevant market participants after the technical implementation of the bail-in (see task 20).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10962 of 305 199 Forwarded information  Notification to resolution authority regarding the update in data stock by e-mail;  provision of the ISIN(s) of the new shares to bank/the agent via e-mail;  provision of the ISIN(s) of the new shares to resolution author￾ity via e-mail;  information to the market regarding the discontinuation/suspen￾sion of trading (via IT interfaces). Task table 4: Reflection of discontinuation/suspension of trading and ISIN generation

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 63 of 305 Task 5: Instruction letter, supporting documents, list with ISINs Task owner Bank/agent Source of information  Resolution orderOrder received from resolution authority and its appendices/positive lists (see task 1);  the positive lists sent by the resolution authority in Excel format (see task 1 and Appendix III);  information on discontinuation/suspension of trading sent by the exchange(s) (task 2);  where applicable, information regarding the settlement block￾ing as well as suspended payments received from the CSD (see task 3);  ISIN for new shares provided by NNA (task 4). Time of implementation T+1 Task implementation 1.) The bank checks the positive lists from the resolution authority (see task 1 and Appendix III) for correctness and completeness. If neces￾sary, the bank sends a correcting notification to the resolution au￾thority for submission to the exchange(s), the central securities de￾pository and the NNA:
 the positive list of the instruments affected by the bail-in;  the positive list with discretionary exclusions in accordance with
section 92 (1) of the SAG;
 the positive list with instruments for which discontinuation/sus￾pension of trading is to be applied. In addition, the bank com￾pares this list with the notification from the exchange(s) (see task 2);  the positive list with instruments affected by the bail-in for which payments are to be suspended. 2.) Based on the positive list of the resolution authority for the suspen￾sion of payment, the bank/agent suspends the payments for (struc￾tured) SSD/NSV. 3.) Based on the resolution orderResolution Order and the positive lists, the bank/agent prepares the following documents:
 instruction letter (see also Chapter V.4.1.1): it includes a short instruction to implement the bail-in as described in the resolution orderResolution Order and a reference to the sup￾porting documents (operational guidelines and detailed list of instruments);  operational guidelines (see Chapter V.4.1.1.2) that are pre￾pared in consultation with the CSD and, where applicable, the exchange(s), and that contain detailed technical information on the implementation of the bail-in; as well as a

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10964 of 305 199  detailed list of instruments (see Chapter V.4.1.1.3 and IV.4.1.1.4 and V.4.1.1.4) delivering, for each instrument af￾fected by the bail-in, specific information needed by the NNA and the CSD in their systems for the technical implementation of the bail-in. In order to be able to enter the ISIN for the new shares in the opera￾tional guidelines and the detailed list of the instruments the bank/its agent has to approach the NNA immediately after the publication of the resolution orderResolution Order and before 12.00 noon on the day of publication (if possible) in order to obtain the new ISIN from the NNA and incorporate it in the above documents. 4.) For the conversion of SSD/NSV and instruments of ownership not held by central securities depositories into new shares, the bank/the agent has to:
4.) determine the number of new shares resulting from the conversion of (structured) SSD/NSV and instruments of ownership not held by central securities depositories. These shares are booked into a dedicated interim account. The CSD must be informed; into new shares, the bank/the agent has to:
 determine the total number of new shares resulting from con￾version of (structured) SSD/NSV and instruments of ownership not held by central securities depositories and inform ZVW of this. These shares are booked into a dedicated interim account by ZVW.  determine an administrator of the interim account for the new shares resulting from the conversion of (structured) SSD/NSV and instruments of ownership not held by central securities deposito￾ries. if the bank does not itself act as administrator of the interim account. The CSD must be informed. 5.) If, at the time of the bail-in, a supplementary obligation exists with regard to a securities prospectus that is still valid, the requirements of the Prospectus Regulation (Prospekt-VO) must be complied with (see also the background information below). 6.) In addition, the bank must ensure that the listing documentation deposited with the central securities depository for the securities affected by the bail-in (e.g. terms of issue, global certificate, articles of association of the issuer) is updated. This can also take place sub￾sequent to the technical bail-in implementation. Forwarded information  Sending of the supplementary positive lists or correcting notifi￾cations to the resolution authority for submission to the ex￾change(s), the central securities depository and the NNA by e￾mail;  submission of instruction letter and the supporting documents directly to the CSD and NNA via e-mail and by mail for the pur￾pose of implementation of a bail-in;  submission of instruction letter and the supporting documents for information to the exchange(s) via e-mail;

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10965 of 305 199  submission of the number of new shares resulting from the con￾version of (structured) SSD/NSV to CSD by e-mail; 18  submission of information regarding the administrator of the interim account for the new shares resulting from the conversion of (structured) SSD/NSV to the CSD by e-mail;  submission of the instruction letter/supporting documents and the number of new shares resulting from the conversion of (structured) SSD/NSV to the resolution authority by e-mail;  publication of the operational guidelines on the website of the bank for the information of market participants on the bail-in implementation and the implications on the affected instruments;  submission of the updated listing documentation (terms of is￾sue, global certificate, articles of association of the issuer, etc.) of securities affected by the bail-in to the central securities deposi￾tory via established communication channels (e.g. electronically via the eMission Service, as a PDF per e-mail, by mail/bicycle cou￾rier, etc.) and to the resolution authority via e-mail. This can also take place subsequent to the technical bail-in implementation. Task table 5: Instruction letter, supporting documents, supplementary positive lists

18 If existing shareholders who previously owned instruments of ownership not held by central securities depositories (e.g. ex￾isting limited liability company shareholders) are entitled to receive new shares, their number of new shares must also be submitted to the CSD. Background information:
Supplementary obligation of the issuer during the public offering of the securities In accordance with Article 23(1) of the Prospectus Regulation, any significant new factor, material in￾correctness or any material inaccuracy with regard to the information included in a prospectus which arises or is discovered between the approval of the prospectus and the expiry of the offer period or, if later, the opening of trading on a regulated market, must be specified in a supplement to the prospec￾tus. The bail-in constitutes an important new circumstance. Therefore, a supplement to the prospectus must be made by the issuer without delay after receiving the resolution order.Resolution Order.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 66 of 305 Background information:
Special aspects of the write-down and conversion of (structured) SSD and NSV as well as instruments of ownership not held by central securi￾ties depositories SSD and NSV do not constitute fungible securities according to German law. Hence, they are neither traded on exchanges nor centrally cleared and settled. Those instruments do not have a global certificate that is held in custody and administrated by the CSD. The physical documents serving as evidence of the SSD and NSV are usually held in custody by the issuer, the investors or, where relevant, an administrator. Information on the instruments and the investors is kept in a register maintained by the issuer itself or by an appointed registrar. Write-down The implementation of the reduction (write-down) of SSD and NSV is executed internally by the issuer and/or its agents. No involvement of the CSD is necessary in this internal process. The implementation comprises the amendment of the documents related to the SSD and NSV (i.e. changing the outstanding amount) and of the register where those instruments are maintained. The issuer takes the write-down into account in its internal systems as well. The issuer or, if necessary, its agent also notifies the creditor af￾fected about the reduction (write-down). Conversion into new shares A conversion into new shares cannot be implemented by the issuer (bank), the involved agents and/or the registrar alone. The technical creation of the new shares, the booking in the interim account as well as the allocation to the SSD and NSV holders that are affected by the bail-in requires the involvement of the NNA and the CSD. The conversion of SSD/NSV into new shares is thus divided into two parts. On the one hand, the bank or its agents must perform the reduction of the outstanding amount of the SSD and NSV in accordance with the conversion percentage mentioned in the resolution order in its inter￾nal systems (internal execution). This also includes the amendment of the related documents (documen￾tary evidence, etc.). On the other hand, the NNA and the CSD are also involved. Here, the NNA is responsible for the creation and assignment of the ISIN for the new shares. The CSD technically creates the new shares after receiv￾ing the resolution order from the resolution authority and the global certificate from the bank/agent. For the technical creation of new shares, the bank/agent has to inform the CSD about the number of new shares resulting from the conversion of SSD and NSV. After the technical creation of the new shares, the CSD books this number of new shares into an interim account managed by an administrator nominated specifically for that purpose by the bank. The bank can also act as administrator for this account. Either the main account set up with the CSD or an existing sub-account can be used as interim account. The creation of a specific interim account with the CSD must be avoided.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10967 of 305 199 Background information:
Special aspects of the write-down and conversion of (structured) SSD and NSV as well as instruments of ownership not centrally deposited SSD and NSV do not constitute fungible securities according to German law. Hence, they are neither traded on exchanges nor centrally cleared and settled. Those instruments do not have a global certificate that is held in custody and administrated by the CSD. The physical documents serving as evidence of the SSD and NSV are usually held in custody by the issuer, the investors or, where relevant, an administrator. Information on the instruments and the investors is kept in a register maintained by the issuer itself or by an appointed registrar. Write-down The implementation of the reduction (write-down) of SSD and NSV is executed internally by the issuer and/or its agents. No involvement of the CSD is necessary in this internal process. The implementation comprises the amendment of the documents related to the SSD and NSV (i.e. changing the outstanding amount) and of the register where those instruments are maintained. The issuer takes the write-down into account in its internal systems as well. The issuer or, if necessary, its agent also notifies the creditor af￾fected about the reduction (write-down). Conversion into new shares A conversion into new shares cannot be implemented by the issuer (bank), the involved agents and/or the registrar alone. The technical creation of the new shares, the booking in the interim account as well as the allocation to the SSD and NSV holders that are affected by the bail-in requires the involvement of the NNA and the CSD. The conversion of SSD/NSV into new shares is thus divided into two parts. On the one hand, the bank or its agents must perform the reduction of the outstanding amount of the SSD and NSV in accordance with the conversion percentage mentioned in the Resolution Order in its in￾ternal systems (internal execution). This also includes the amendment of the related documents (docu￾mentary evidence, etc.). On the other hand, the NNA and the CSD are also involved. Here, the NNA is responsible for the creation and assignment of the ISIN for the new shares. The CSD technically creates the new shares after receiv￾ing the Resolution Order from the resolution authority and the global certificate from the bank/agent. For the technical creation of new shares, the bank/agent has to inform the CSD about the number of new shares resulting from the conversion of SSD and NSV. After the technical creation of the new shares, the CSD books this number of new shares into an interim account managed by an administrator nominated specifically for that purpose by the bank. The bank can also act as administrator for this account. Either the main account set up with the CSD or an existing sub-account can be used as interim account. The creation of a specific interim account with the CSD during technical implementation of the bail-in must be avoided.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10968 of 305 199 The following table illustrates the derivation of the number of new shares for unstructured SSD and NSV:
19
Derivation of the number of new shares for unstructured SSD20 and NSV based on the resolution or￾derResolution Order Outstanding aggregate principal amount of the SSD/NSV in original cur￾rency:
EUR 1.000.000,(…)
Accrued interest of the SSD/NSV in original currency: EUR 50.000,(…) Current fees and charges of the SSD/NSV in original currency: n.a. Relevant amount of the SSD/NSV in EUR: EUR 1.050.000,(…) Conversion percentage (as provided in the resolution orderRes￾olution Order):
70,0000000%

19 The brackets "(...)" after the decimal separator in the amounts mean that the respective amounts are to be applied in the calculations with the maximum possible number of decimal places. 20 Please note: Borrower’s note loans may be divided into tranches. The number of new shares resulting from the conversion must be calculated individually for each tranche. The outstanding aggregate principal amount is thus understood to be the outstanding principal amount per tranche of the SSD. See also Appendix III no. 7 of MaBail-in. The administrator of the interim account allocates the new shares to the SSD/NSV holders affected by the bail-in. The administrator will require the following information:

• the number of shares resulting from the conversion that each SSD/NSV holder affected by the
  bail-in is entitled to receive (in accordance with conversion percentage and effective conversion rate defined in the resolution orderResolution Order); and
• the securities account/bank details of the SSD/NSV holders affected by the bail-in to which the
  new shares must be transferred.
  Please note: It is possible that one rank in the liability cascade is affected by both the write-down and the conversion. This means that part of the outstanding amount of the affected instruments is reduced by write-down and part of the outstanding amount by conversion into new shares. If existing shareholders who previously owned instruments of ownership not held by central securities depositories (e.g. existing limited liability company shareholders) are entitled to receive new shares, the safe-keeping of the new shares for the affected existing shareholders will be handled in the same way as the safe-keeping of the new shares for the SSD/NSV holders.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10969 of 305 199 Derivation of the number of new shares for unstructured SSD20 and NSV based on the resolution or￾derResolution Order Effective conversion rate (as provided in the resolution orderRes￾olution Order):
0,720000000
Issue amount per share in EUR
(as provided in the resolution orderRes￾olution Order):
1
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒏𝒆𝒘 𝒔𝒉𝒂𝒓𝒆𝒔 𝒑𝒆𝒓 𝑺𝑺𝑫/𝑵𝑺𝑽 = (𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 𝐢𝐧 𝐄𝐔𝐑 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐩𝐞𝐫𝐜𝐞𝐧𝐭𝐚𝐠𝐞 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐫𝐚𝐭𝐞) 𝐈𝐬𝐬𝐮𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐄𝐔𝐑 𝟓𝟐𝟗. 𝟐𝟎𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎 = 𝐄𝐔𝐑 𝟏. 𝟎𝟓𝟎. 𝟎𝟎𝟎(… ) ∗ 𝟕𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎% ∗ 𝟎, 𝟕𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎 𝐄𝐔𝐑 𝟏 To be taken into account for foreign currency registered bonds and promissory note loans:
𝑹𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕 𝒊𝒏 𝑬𝑼𝑹 = 𝒓𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒊𝒏 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 ∗ 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒓𝒂𝒕𝒆21 Number of new shares for SSD/NSV: 1 SSD/NSV : 529.200,0000000 new shares
Table 7: Derivation of the number of new shares for unstructured SSD and NSV
The following table illustrates the derivation of the number of new shares for structured SSD and NSV:
22
Derivation of the number of new shares for structured SSD and NSV based on the resolution or￾derResolution Order Current market value/fair value23 of the structured SSD/NSV in original cur￾rency EUR:
EUR 1.000.000,(…)
Relevant amount of the SSD/NSV in
EUR: EUR 1.000.000,(…)

21 The exchange rate to be used is the one stated in the resolution orderResolution Order. As a rule, this is the exchange rate that was also used when the liability list was filled (e.g. according to MaBail-in). 22 The brackets "(...)" after the decimal separator in the amounts mean that the respective amounts are to be applied in the calculations with the maximum possible number of decimal places. 23 In accordance with data point 2.51 of the MaBail-in.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10970 of 305 199 Derivation of the number of new shares for structured SSD and NSV based on the resolution or￾derResolution Order Conversion percentage (as provided in the resolution orderRes￾olution Order):
70,0000000%
Effective conversion rate
(as provided in the resolution orderRes￾olution Order):
0,720000000
Issue amount per share in EUR
(as provided in the resolution orderRes￾olution Order):
1
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒏𝒆𝒘 𝒔𝒉𝒂𝒓𝒆𝒔 𝒑𝒆𝒓 𝑺𝑺𝑫/𝑵𝑺𝑽 = (𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 𝐢𝐧 𝐄𝐔𝐑 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐩𝐞𝐫𝐜𝐞𝐧𝐭𝐚𝐠𝐞 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐫𝐚𝐭𝐞) 𝐈𝐬𝐬𝐮𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐄𝐔𝐑 𝟓𝟎𝟒. 𝟎𝟎𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎 = 𝐄𝐔𝐑 𝟏. 𝟎𝟎𝟎. 𝟎𝟎𝟎, (… ) ∗ 𝟕𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎% ∗ 𝟎, 𝟕𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎 𝐄𝐔𝐑 𝟏 To be taken into account for foreign currency registered bonds and promissory note loans:
𝑹𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕 𝒊𝒏 𝑬𝑼𝑹 = 𝒓𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒊𝒏 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 ∗ 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒓𝒂𝒕𝒆24 Number of new shares for SSD/NSV: 1 SSD/NSV : 504.000,0000000 new shares
Table 8: Derivation of the number of new shares for structured SSD and NSV

24 The exchange rate to be used is the one stated in the resolution orderResolution Order. As a rule, this is the exchange rate that was also used when the liability list was filled (e.g. according to MaBail-in).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 71 of 305 Task 6: Set-up of data stock Task owner National Numbering Agency (NNA) Source of information  Resolution orderOrder received from resolution authority (see task 1);  the (supplementary or corrected) positive list sent by the resolu￾tion authority with the instruments for suspension of payments (see tasks 1 and 5 and Appendix III);  instruction letter and supporting documents received from bank/agent (task 5). Time of implementation T+2 Task implementation  Where applicable, the NNA reflects the suspension of payments (interest and principal) in its data stock.  The NNA updates its data stock for the instruments affected by the bail-in taking into account the information provided by the bank/agent and the resolution authority. This comprises the ad￾justment of master data (static and event data) of the affected instruments (e.g. amendment of nominal values according to write-down percentage or adjustment of the pool factors of the bearer bonds, reflection of the reduction of percentage-quoted structured bearer bonds in the data stock). Forwarded information  Upload of updated data stock and ISIN (created in task 4) via IT￾interface to the data stock of the CSD (in case of the DBG, the Securities Service System WSS);  communication of the updated data set on the instruments af￾fected by the bail-in to the bank via the corresponding IT-inter￾face;  communication of the updated information on the instruments affected by the bail-in to the exchange(s) via IT-interface into WSS and to other market participants;  information to the resolution authority that data stock has been updated by e-mail. Task table 6: Set-up of data stock

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 72 of 305 Background information:
Pool factor
The pool factor mathematically reflects the reduction of the nominal value of a bond. If the is￾suer specifies that the reduction is to be made by means of a pool factor, this is always equal to 1 at the time of issue. According to the redemption terms, the factor is reduced during the term and is equal to 0 at maturity. The issued nominal value of the bond remains unchanged and is, for example, EUR 1.000 throughout. To calculate the outstanding principal amount, the pool fac￾tor is multiplied by the issued nominal value. Example:
A bank issues a bearer bond as a pool factor bond with a nominal value of EUR 1.000 and a cou￾pon (interest rate) of 5% p.a. on 1 January 2020. The term of the pool factor bond is 2 years. In￾terest and principal payments are made semi-annually. During the term of the bond, the pool factor changes as follows: 1 (at the time of issue), 0,75 (af￾ter the first partial redemption), 0,5 (after the second partial redemption), 0,25 (after the third partial redemption), 0 (at final maturity). This means that the pool factor is reduced by 0,25 in each case. The nominal value of the bond remains unchanged and is always EUR 1.000 during the term. It should be noted that the interest for the respective next interest period after a partial redemp￾tion has taken place is to be determined on the basis of the nominal value adjusted by the pool factor:
Time of issue:
Nominal value = EUR 1.000;, pool factor = 1;
Background information:
Special information “Presentation of the external bail-in imple￾mentation in the WM Data” by WM Datenservice The description of the adjustment of master data (static and event data) as well as the specifica￾tion of the corresponding WM data fields is provided in the special information “Presentation of the external bail-in implementation in the WM data – Update” by WM Datenservice. For each technical scenario 1-6 (cf. Chapter V.2.12 and V.4), the special information contains the WM data fields and explanations on the respective data deliveries in the master data (static and event data) for instruments of ownership, unstructured bearer bonds (unit- and percentage￾quoted, with and without pool factor) and percentage-quoted structured bearer bonds (with and without pool factor). The special information “Presentation of the external bail-in implementation in the WM data– Update“ is publishedavailable on the WM Datenservice website.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10973 of 305 199

1. Payment date:
   Outstanding principal amount (old) = EUR 1.000; pool factor (old) = 1; Redemption = EUR 250; interest = 5% p.a. * 1/2 * EUR 1.000 * 1; Outstanding principal amount (new) = EUR 1.000; pool factor (new) = 0,75;
2. Payment date:
   Outstanding principal amount (old)= EUR 1.000; pool factor (old) = 0,75; Redemption = EUR 250; interest = 5% p.a. * 1/2 * EUR 1.000 * 0,75; Outstanding principal amount (new) = EUR 1.000; pool factor (new) = 0,5;
3. Payment date:
   Outstanding principal amount (old) = EUR 1.000; pool factor (old) = 0,5; Redemption = EUR 250; interest = 5% p.a. * 1/2 * EUR 1.000 * 0,5; Outstanding principal amount (new) = EUR 1.000; pool factor (new) = 0,25; Final maturity date:
   Outstanding principal amount (old) = EUR 1.000; pool factor (old) = 0,25; Redemption = EUR 250; interest = 5% p.a. * 1/2 * EUR 1.000 * 0,25; Outstanding principal amount (new) = EUR 1.000; Pool factor (new) = 0. Payment date:
   Outstanding nominal value (old) = EUR 1.000; pool factor (old) = 1; Redemption = EUR 250; interest = 5% p.a. * 1/2 * EUR 1.000 * 1; Outstanding nominal value (new) = EUR 1.000; pool factor (new) = 0,75;
4. Payment date:
   Outstanding nominal value (old) = EUR 1.000; pool factor (old) = 0,75; Redemption = EUR 250; interest = 5% p.a. * 1/2 * EUR 1.000 * 0,75; Outstanding nominal value (new) = EUR 1.000; pool factor (new) = 0,5;
5. Payment date:
   Outstanding nominal value (old) = EUR 1.000; pool factor (old) = 0,5; Redemption = EUR 250; interest = 5% p.a. * 1/2 * EUR 1.000 * 0,5 Outstanding nominal value (new) = EUR 1.000; pool factor (new) = 0,25; Final maturity date:
   Outstanding nominal value (old) = EUR 1.000; pool factor (old) = 0,25; Redemption = EUR 250; interest = 5% p.a. * 1/2 * EUR 1.000 * 0,25; Outstanding nominal value (new) = EUR 1.000; pool factor (new) = 0;

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10974 of 305 199 Background information:
Reduction of unit-quoted and percentage-quoted unstructured bearer bonds The percentage-quoted unstructured bearer bonds are recorded in the CBF system with the outstanding principal amount per unit. The reduction of these bonds as part of the bail-in takes place in the CBF system on the basis of information from the resolution authority, the bank and the updated data set from WM Datenservice (see tasks 1, 5 and 6). WM Datenservice adjusts the nominal values or pool factors in the master data (see Chapter IV.2.12 and Chapter IV.4.1.1.3). CBF reduces the nominal values or pool factors in its system. For the reduction of the percentage-quoted unstructured bearer bonds as a result of the write￾down and conversion, CBF requires the technical booking ratio (see Chapter IV.4.1.1.3). It is the ratio of the outstanding principal amount per unit of before write-down and conversion to the new nominal value after write-down and conversion:
Nominal value (old) in original currency : Nominal value (new) in original currency.
For the booking of new shares into the accounts of the participants as a result of the conver￾sion, CBF requires the technical conversion ratio (see Chapter IV.4.1.1.3):
Nominal value (old) in original currency : x,xxx new shares.
Example: A percentage-quoted unstructured bearer bond without a pool factor is partially reduced by write-down and conversion. CBF reduces the outstanding principal amount in its system according to the technical booking ratio, e.g. EUR 1.000 : EUR 300. In addition, for each unit of the bond, new shares are booked into the participants’ securities accounts according to the technical conversion ratio, e.g. EUR 1.000 : 220 new shares. WM Datenservice reduces the nominal value in the master data. The unit-quoted unstructured bearer bonds are recorded in the CBF system with units. Due to this, no book-entry adjustments of securities take place at CBF, except, if necessary, in the case of a full reduction. The adjustment of the nominal values and the pool factors of these bonds is undertaken exclusively by WM Datenservice in the master data. The technical booking ratio for unit-quoted bonds (see Chapter IV.4.1.1.3) is composed as follows:
1 unit : 1 unit * (1 – write-down percentage – conversion percentage).
The technical conversion ratio for unit-quoted bonds (see Chapter IV.4.1.1.3) is expressed as follows:
1 unit : x,xxx new shares.
Example: A unit-quoted bond without a pool factor is partially reduced by write-down and conversion. CBF does not make any postings of the bond holdings in its system, but only en￾ters new shares per bond unit according to the technical conversion ratio, e.g. 1 unit : 220 new shares. The reduction of the nominal value is made by WM Datenservice in the master data.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10975 of 305 199 Background information:
Reduction of percentage-quoted structured bearer bonds The reduction of percentage-quoted structured bearer bonds is performed by the WM Datenservice and the CBF. WM Datenservice maps the reduction in its system via a so-called technical exercise ratio (see Chapter IV.4.1.1.4). CBF adjusts its master data on the basis of information from the resolution authority, the bank and the updated data set from WM Datenservice (see tasks 1, 5 and 6). Thus, the reduction of percentage-quoted structured bearer bonds is also reflected in the system of the central securities depository. Example:
A percentage-quoted structured bearer bond is written down by 40% and converted into new shares by 30% (technical scenario 5b, see also Chapter IV.2.12). This results in a total reduction of 70%. The NV (NW) of the percentage-quoted structured bearer bond is EUR 1.000. The bank, accordingly, indicates the following technical exercise ratio in the detailed list of instru￾ments:
EUR 1.000 : EUR 300
The technical exercise ratio reflects the total reduction (write-down and conversion) of the per￾centage-quoted structured bearer bond. On the basis of the technical exercise ratio, WM Datenservice undertakes the reduction of the instruments in its master data system. Based on the information provided by the resolution au￾thority, the bank and WM Datenservice, the central securities depository also adjusts its master data. In addition, the central securities depository books the new shares according to the tech￾nical conversion ratio for percentage-quoted structured bearer bonds (see Chapter IV.4.1.1.4) into the securities accounts of its participants (see also Chapter IV.2.12).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10976 of 305 199 The following overview shows the (financial) instruments issued by the institution in resolution and included in the Guidance Notice:
Figure 5: (Financial) instruments in the Guidance Notice
The bearer bonds considered in the Guidance Notice can be divided into four categories or cases: (1) per￾centage-quoted unstructured bearer bonds, (2) unit-quoted unstructured bearer bonds, (3) percentage￾quoted structured bearer bonds and (4) unit-quoted structured bearer bonds.
Figure 6: Four categories of bearer bonds in the Guidance Notice
The reduction of structured bearer bonds as part of the bail-in is described below.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10977 of 305 199 Background information:
Case 1: Reduction of percentage-quoted unstructured bearer bonds (1/2) The reduction of percentage-quoted unstructured bearer bonds in the CBF system and the modification in the WM Datenservice master data is based on the smallest transferable unit (WM data field GD455A). In the case of percentage-quoted bearer bonds, the smallest transferable unit is the outstanding nomi￾nal value per unit, e.g. EUR 1.000,00. WM Datenservice modifies the smallest transferable unit or the nominal value/pool factor in the master data (see Chapter V.2.12 and Chapter V.4.1.1.3). CBF reduces the smallest transferable unit or the nominal value/pool factor in its system. Technical booking ratio:
CBF needs the technical booking ratio (see Chapter V.4.1.1.3) for the reduction as a result of write-down and conversion. For percentage-quoted bonds, this is the ratio of the smallest transferable unit (old) before the write-down and conversion (GD455A (old)) to the smallest transferable unit (new) after the write-down and conversion (GD455A (new)):
Smallest transferable unit (old) in original currency : Smallest transferable unit (new) in original currency Because the “Smallest transferable unit” field for percentage-quoted bearer bonds contains the nominal value per unit of the instrument, the following technical booking ratio results for these bearer bonds:
Nominal value (old) in original currency : Nominal value (new) in original currency For pool factor instruments, enter “n.a.” for the technical booking ratio. Technical conversion ratio:
CBF needs the technical conversion ratio (see Chapter V.4.1.1.3) so that it can book new shares to the accounts of the participants following conversion. The technical conversion ratio is based on the smallest transferable unit. It is the ratio of the smallest transferable unit (old) in the original currency before the write-down and conversion (GD455A (old)) and the number of new shares resulting from the conversion:
Smallest transferable unit (old) in original currency : Number of new shares The following technical conversion ratio results because the smallest transferable unit is equal to the out￾standing nominal value per share:
Nominal value (old) in original currency : Number of new shares Example: A percentage-quoted bond without a pool factor is partially reduced by write-down and conversion. CBF reduces the outstanding nominal value (smallest transferable unit) in its system in line with the technical booking ratio, e.g. EUR 1.000 : EUR 300. In addition, new shares are booked to the par￾ticipants’ securities accounts for each unit of the bond in line with the technical conversion ratio, e.g. EUR
1.000 : 220 new shares. WM Datenservice reduces the nominal value (smallest transferable unit – GD455A
(old)) in the master data.
Note: Percentage-quoted money market instruments are reduced in the same way.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10978 of 305 199 Case 2: Reduction of unstructured bearer bonds quoted in units The reduction of unstructured bearer bonds quoted in units in the CBF and WM Datenservice system is based, among other things, on the smallest transferable unit (WM data field GD455A) and the nominal value per unit (WM data field GD460A). In WM Datenservice data, the "smallest transferable unit" field contains the number of units for structured bearer bonds quoted per unit. In the case of quotation in units, the “nominal value per unit” field is also pop￾ulated with the outstanding nominal value per unit of the bearer bond. For structured bearer bonds quoted in units, two WM fields must therefore be taken into account for technical bail-in execution: (1) smallest transferable unit (GD455A) and (2) nominal value per unit (GD460A). However, only the latter of these two fields is modified by WM Datenservice (GD460A). Technical booking ratio:
In the CBF system, bearer bonds quoted in units are managed in the same way as percentage-quoted bearer bonds, i.e. using the smallest transferable unit. In contrast to percentage-quoted bearer bonds, the smallest transferable unit for bonds quoted in units is not the outstanding nominal value per unit of the instrument. Instead, the smallest transferable unit corresponds to the denomination of the instrument, which is usually 1 unit. That is why there are no changes in inventories at CBF, except in the event of a complete reduction, if applicable. The modification of the nominal values (nominal value per unit, GD460A) or the pool factors of these bonds is carried out exclusively by WM Datenservice in the master data. As a result, there is no technical booking ratio for bearer bonds quoted in units and “n.a.” must be en￾tered:
n.a. : n.a.
Technical conversion ratio:
In the case of bearer bonds quoted in units, the smallest transferable unit is the denomination (usually 1 unit), resulting in the following technical conversion ratio:
Smallest transferable unit (old) in original currency : Number of new shares 1 unit : x,xxx new shares. Example: A bond quoted in units without a pool factor is partially reduced by write-down and conver￾sion. CBF does not make any entries for the bond in its system, but only books new shares for each unit of the bond (smallest transferable unit) in line with the technical conversion ratio, e.g. 1 unit : 220 new shares. The reduction of the nominal value is carried out by WM Datenservice in the master data. Note: Money market instruments quoted in units are reduced in the same way.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10979 of 305 199 Background information:
Case 3: Reduction of percentage-quoted structured bearer bonds (1/2) The reduction of percentage-quoted structured bearer bonds is mainly carried out by WM Datenservice in the master data. CBF does not make any inventory changes in its system, except in the event of a complete reduc￾tion, if applicable. CBF modifies its master data on the basis of information from the resolution authority, the bank and the updated data set from WM Datenservice (see tasks 1, 5 and 6). The reduction of percentage￾quoted structured bearer bonds is therefore undertaken in the system of the central securities depository. Reduction of percentage-quoted structured bearer bonds: WM Datenservice reflects the reduction using the smallest transferable unit (GD455A), the pool factor and the additional features of the structured bearer bond, such as the multiplier and the minimum, maximum and bonus amounts, in its system. CBF reflects the conversion of the instrument into new shares using the smallest transferable unit. For percentage-quoted structured bearer bonds, the “Smallest transferable unit” field contains the out￾standing nominal value per unit of the instrument in the same way as for percentage-quoted unstructured bearer bonds. WM Datenservice needs the information in the “Smallest transferable unit” field before and after the bail-in to reduce the nominal value as a result of the write-down and conversion:
Smallest transferable unit (old) in original currency : Smallest transferable unit (new) in original cur￾rency, i.e. Nominal value per unit (old) in original currency : Nominal value per unit (new) in original currency Technical conversion ratio (percentage-quoted structured bearer bonds):
CBF needs the technical conversion ratio (see Chapter V.4.1.1.3) so that it can book new shares to the ac￾counts of the participants following conversion. The technical conversion ratio is the ratio of the smallest transferable unit of the structured bearer bond to the number of new shares resulting from conversion:
Smallest transferable unit (old) in original currency : Number of new shares, i.e.
Nominal value (old) in original currency : x,xxx new shares.
Example:
A percentage-quoted structured bearer bond, e.g. a reverse convertible bond, is written down by 40% and converted into new shares at a rate of 30% (technical scenario 5b, see also Chapter V.2.12). This results in an overall reduction of 70%. The nominal value of the percentage-quoted structured bearer bond is EUR 1.000. The multiplier is equal to 9,57 units of the underlying per unit. The minimum, maximum and bonus amounts are not features of this instrument. The fair value was estimated at EUR 900,00.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10980 of 305 199 Background information:
Case 3: Reduction of percentage-quoted structured bearer bonds (2/2) The new nominal value of the percentage-quoted structured bearer bond resulting from the write-down and conversion is EUR 300. The bank enters the following values in the Denomination (old) and Denomina￾tion (new) fields of the detailed list of instruments:
EUR 1.000 : EUR 300.
The multiplier is also reduced by 70% and amounts to 2,87 units of the underlying.
CBF does not make any inventory entries for the structured bearer bond in its system, but only books new shares for each unit of the structured bond (smallest transferable unit) in line with the technical conversion ratio, e.g. 1 unit : 194,400 new shares. Background information:
Case 4: Reduction of unit-quoted structured bearer bonds (1/3) Reduction of structured bearer bonds quoted in units: In WM Datenservice, the “Smallest transferable unit” field contains the number of units for structured bearer bonds quoted per unit. Unlike percentage-listed structured bearer bonds, structured bearer bonds quoted in units do not in most cases have a nominal value. If a nominal value exists as a feature, this is listed in the “Nominal value per unit” field (GD460A) at WM Datenservice. For structured bearer bonds quoted in units, two WM fields must therefore be taken into account for tech￾nical bail-in execution, in the same way as for unstructured bearer bonds quoted in units: (1) smallest transferable unit (GD455A) and (2) nominal value per unit (GD460A). WM Datenservice reflects the reduction using the nominal value per unit (if available) and the additional features of the structured bearer bond, such as the multiplier and the minimum, maximum and bonus amounts, in its system. WM Datenservice needs the information on the nominal value per unit (GD460A) before and after the bail￾in to reduce the nominal value, if one exists, as a result of the write-down and conversion:
Nominal value per unit (old) in original currency : Nominal value per unit (new) in original currency

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10981 of 305 199 Background information:
Case 4: Reduction of unit-quoted structured bearer bonds (2/3) Technical conversion ratio (structured bearer bonds quoted in units):
CBF needs the technical conversion ratio (see Chapter V.4.1.1.3) so that it can book new shares to the ac￾counts of the participants following conversion. The technical conversion ratio is the ratio of the smallest transferable unit of the structured bearer bond to the number of new shares resulting from conver￾sion:
Smallest transferable unit (old) in original currency : Number of new shares In the case of structured bearer bonds quoted in units, the technical conversion ratio is therefore:
1 unit : x,xxx new shares.
Example 1 – (nominal value exists):
A structured bearer bond quoted in units, e.g. an express certificate, is written down by 40% and converted into new shares at a rate of 30% (technical scenario 5b, see also Chapter V.2.12). This results in an overall reduction of 70%. The nominal value of the structured bearer bond quoted in units is EUR 1.000. The multiplier is equal to 6,97 units of the underlying. The minimum, maximum and bonus amounts are not features of this instru￾ment. The fair value was estimated at EUR 998,00. As a result of the write-down and conversion, the new nominal value of the structured bearer bond quoted in units is EUR 300. The bank enters the following values in the Denomination (old) and Denomination (new) fields of the detailed list of instruments:
EUR 1.000 : EUR 300.
The multiplier is also reduced by 70% and amounts to 2,09 units of the underlying.
CBF does not make any inventory entries for the bond in its system, but only books new shares for each unit of the instrument (smallest transferable unit) in line with the technical conversion ratio, e.g. 1 unit : 215,568 new shares. Example 2a – (no nominal value exists):
A structured bearer bond quoted in units, e.g. a discount certificate, is written down by 40% and converted into new shares at a rate of 30% (technical scenario 5b, see also Chapter V.2.12). This results in an overall reduction of 70%. The multiplier is equal to 1 unit of the underlying. The maximum amount (cap) is EUR 120. The minimum and bonus amount are not features of this instrument. The fair value was estimated at EUR 115,00. If no nominal value exists, the bank enters “n.a.” in the Denomination (old) and Denomination (new) fields of the detailed list of instruments. The multiplier is reduced by 70% and amounts to 0,3 units of the underlying. The maximum amount (cap) is also reduced by 70% and amounts to EUR 36,00 after write-down and conversion.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10982 of 305 199 CBF does not make any inventory entries for this instrument in its system, but only books new shares for each unit of the structured bearer bond quoted in units (smallest transferable unit) in line with the technical con￾version ratio, e.g. 1 unit : 24,84 new shares. Example 2b – (no nominal value exists):
A structured bearer bond quoted in units, e.g. a bonus certificate, is written down by 60% and converted into new shares at a rate of 20% (technical scenario 5b, see also Chapter V.2.12). This results in an overall reduc￾tion of 80%. The multiplier is equal to 1 unit of the underlying. The bonus amount of EUR 160 is equal to the maximum amount (cap). The fair value was estimated at EUR 168,00. There is no nominal value, so the bank enters “n.a.” in the Denomination (old) and Denomination (new) fields of the detailed list of instruments. The multiplier is reduced by 80% and amounts to 0,2 units of the underlying after the bail-in. The bonus amount is also reduced by 80% and amounts to EUR 32,00 after write-down and conversion. The maximum amount (cap) is reduced in the same way to EUR 32,00. CBF does not make any inventory entries for this structured bearer bond in its system, but only books new shares for each unit of the structured bearer bond quoted in units (smallest transferable unit) in line with the technical conversion ratio, e.g. 1 unit : 24,19 new shares.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10983 of 305 199 The background information in this chapter regarding the categorisation and reduction of bearer bonds is summarised in the figure below:
Figure 7: Reduction of percentage- and unit-quoted bearer bonds

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10984 of 305 199 Task 7: Preparation of technical bail-in implementation Task owner Central Securities Depository (CSD) Source of information  Resolution orderOrder received from resolution authority (see task 1);  instruction letter and supporting documents received from bank/agent (task 5);  information regarding the administrator of the interim account received from bank/agent (task 5);  information regarding the number of new shares resulting from the conversion of SSD/NSV and, where applicable, instruments of ownership not held by central securities depositories received from the bank/agent (task 5);  data stock provided by NNA (task 6). Time of implementation T+2 Task implementation  The CSD sets up the technical processing parameters of the bail-in implementation in its systems.  The CSD loads the master data (static and event data) on the is￾suer and the affected instruments, as provided by the NNA, into its systems and reconciles it with its own data. Forwarded information n.a. Task table 7: Preparation of technical bail-in implementation

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 85 of 305 Task 8: Notification on features of new shares Task owner  Resolution authority (mainly variant 1);  bank/agent (mainly variant 2). Source of information ISIN for new shares provided by NNA (task 4). Time of implementation T+2 Task implementation When notifying the stock exchange(s) to start listing new shares, a distinc￾tion is made between two variants. In the case of a change of legal form, securities of different classes (before and after resolution) as well as securi￾ties of the same class that were not previously listed, variant 2 must always be chosen, otherwise variant 1:
Variant 1) Notification on features of new shares:
 The resolution authority prepares a notification with the fea￾tures of the new shares to be listed.  The notification is sent by the resolution authority to the ex￾change(s) on which the new shares are to be listed. Variant 2) "Simplified listing application":
 The bank/agent prepares a "simplified listing application" for the new shares to be listed.  The bank/agent sends the application (including its appendices) to the exchange(s) on which the new shares are to be listed.  The resolution authority prepares information on the mini￾mum free float of the securities. Forwarded information Variant 1:
 The resolution authority sends the notification on the features of the new shares to the exchange(s) and the bank/agent by e-mail. Variant 2:
 The bank/agent sends the "simplified listing application" for the new shares to be listed to the exchange(s) concerned and the resolution authority by e-mail.  The resolution authority sends the information on the mini￾mum free float of shares to the relevant exchange(s) by e-mail. Task table 8: Notification on features of new shares

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10986 of 305 199 Background information:
Variant 1: Notification on features of new shares In accordance with section 106 (2) of the SAG, the resolution authority informs the exchange(s), where the securities resulting from the application of the bail-in will be listed, about the features of those securities. For this purpose, the resolution authority sends a notification to the exchange(s) which de￾scribes the features of the new securities (here new shares). For new shares, this notification contains, inter alia:

• the ISIN and, if applicable, WKN;
• the type and class of the security (e.g. shares issued as bearer shares);
• the currency.
  The securities will be listed three trading days after the notification (section 106 (3) of the SAG). If they are the same class of securities as those which have already been authorised for trading on the regulated market of one domestic exchange, then they are authorised for trading on the regulated market of all domestic exchanges (section 106 (1) of the SAG). The publication of a prospectus is not required according to EU Regulation 2017/1129 Article 1(5) point (c). In addition to the admission to trading on a domestic stock exchange on the regulated market (sec￾tion 106 (1) of the SAG), it must also be ensured that the institution holds securities of the same class after the conversion as before the conversion. This means that, assuming that the conversion results in bearer instruments in the form of ordinary and no-par value shares, the institution concerned had to have issued bearer shares, registered shares or registered shares with restricted transferability be￾fore the conversion in order to be able to use variant 1. Bearer and registered shares are of the same class. Preferred shares and ordinary shares, on the other hand, belong to different classes.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10987 of 305 199 Background information:
Variant 2: "Simplified listing application"
For the admission of new shares to trading, a notification in the form of a "simplified listing applica￾tion" must be submitted by the bank/agent to the exchange(s) concerned if one of the following cir￾cumstances applies:
 A change of legal form takes place as part of the resolution measure (e.g. from an AöR to an AG).  The new securities (after resolution) belong to a different class than the previous securities (be￾fore resolution) (e.g. conversion of preferred shares into ordinary shares).  The new securities are of the same class as the previous securities, but the previous securities were not previously listed on a stock exchange. The "simplified listing application" generally contains the following information:

• the ISIN and, if applicable, WKN;
• the type and class of the security (e.g. shares issued as bearer shares);
• the currency.
  In addition, the bank/agent must enclose the following to the "simplified listing application":
• resolution orderResolution Order;
• certificate of authorisation (in case of representation);
• current articles of association after resolution;
• annual financial statements for the previous financial year;
• proof of disclosure of annual financial statements for the last three years, if applicable.
  In addition, the resolution authority must provide the exchange(s) with information on the minimum free float of the new shares. The publication of a prospectus is not required according to (EU) Regulation 2017/1129 Article 1(5) point (c). On which stock exchanges the shares are to be traded is to be decided (taking into account the spe￾cific situation) by the institution in consultation with the resolution authority.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10988 of 305 199 Task 9: Preparation of listing of new shares Task owner Exchange(s) Source of information  Notification on features of new shares received from resolu￾tion authority (task 8 – variant 1); or  “simplified listing application” for the listing of new shares re￾ceived from the bank/agent (task 8 – variant 2); as well as  information received from the resolution authority on the mini￾mum free float of securities. Time of implementation T+2 Task implementation  The exchange(s) allocate the market maker(s) for the new shares.  Based on the notification by the resolution authority or the “sim￾plified listing application” from the bank/agent, the exchange(s) set up the listing process in the trading systems. Forwarded information Information to the resolution authority, CSD, NNA, bank/agent that list￾ing of the new shares has been prepared (by e-mail/IT interface). Task table 9: Preparation of listing of new shares

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 89 of 305 Task 10: Preparation of global certificate for new shares Task owner Bank/agent Source of information  Resolution orderOrder received from resolution authority (see task 1); and either  notification on features of the new shares received from resolu￾tion authority (task 8 – variant 1); or  “simplified listing application” for the listing of new shares filed by the bank/agent (task 8 – variant 2). Time of implementation T+2 Task implementation The bank/agent prepares the global certificate for the new shares and submits it to the CSD for immobilisation and dematerialisation. Forwarded information  Submission of the global certificate (as an electronic copy) to the CSD by e-mail, followed by physical transmission by mail/bicycle courier;  information to resolution authority and exchange(s) about submission of global certificate by e-mail. Task table 10: Preparation of global certificate for new shares Background information:
Global note/Global certificate
If the resolution orderResolution Order envisages the conversion of affected instruments into shares, a global certificate is required and has to be submitted to the CSD. The resolution or￾derResolution Order is the legal basis for the conversion into new shares by the CSD. Further￾more, the technical implementation requires a global certificate for the new shares. According to section 99 (4) of the SAG, corporate law requirements for the issuance of new shares are deemed to be fulfilled. The bank or, if applicable, its agent is responsible for the creation and submission of the global certificate to the CSD.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10990 of 305 199 Task 11: Technical bail-in implementation Task owner Central Securities Depository (CSD) Source of information  Resolution orderOrder received from resolution authority (see task 1);  instruction letter and supporting documents received from bank/agent (task 5);  information regarding administrator of interim account re￾ceived from bank/agent (task 5);  information regarding the number of new shares resulting from the conversion of SSD/NSV and instruments of ownership not held by central securities depositories received from the bank/agent (task 5);  data stock provided by NNA (task 6);  global certificate for new shares received from bank/agent (task 10). Time of implementation T+3 until T+4 Task implementation The CSD performs the booking of the bail-in in its internal systems. This comprises:
 full derecognition of cancelled shares from the system;  disclosure of the reduction of the nominal value of the un￾structured bearer bonds 25 (due to write-down and conversion) and derecognition of the respective amounts or adjustment of the pool factors;  the reflection of the reduction of the percentage-quoted struc￾tured bearer bonds in the master data. No book-entries take place in the accounts of the participants, i.e. no derecognition of instruments by the CSD;  amendment of the global certificate/global note of instru￾ments affected by the bail-in (taking into account the write￾down and conversion percentages included in the resolution or￾der);Resolution Order);  ensuring that the global notes of instruments that are to be fully reduced in the context of the application of technical scenarios 3b and 4 are not cancelled in the event of a write-up;  technical creation of new shares as stated in the global certifi￾cate. For the technical implementation of the bail-in, the CSD conducts several different technical scenarios (see Table 9 and Table 10). Each technical scenario covers different measures in connection with the bail-in.

25 The nominal value is only adjusted in the CSD’s system for percentage-quoted unstructured bonds. In the case of unit￾quoted unstructured bonds, a full reduction will result in a complete derecognition from the system. In the case of a partial

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10991 of 305 199 Forwarded information  Information to resolution authority that technical bail-in imple￾mentation has been executed (via e-mail);  information to bank/agent that technical bail-in implementation has been executed (via e-mail). Task table 11: Technical bail-in implementation The CSD and the NNA must consider different technical scenarios in the technical bail-in implementation. Depending on the nature of the bearer bond (structured or unstructured) and the type of listing on the ex￾change (percentage or unit quotation), there are in general four cases of technical scenarios to be distin￾guished. (see also Chapter V.2.7). The following figure provides an overview of the Tables and Chapters in which the respective cases of technical scenarios or explanations to the technical implementation can be found. It should be noted that the unit-quoted structured bearer bonds are not considered in this version of the Guidance Notice.

reduction, the nominal values are adjusted in the master data atby WM Datenservice (see also background information in
Chapter V.2.7).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10992 of 305 199
Figure 48: Overview to the technical scenarios of the bail-in implementationtechnical scenarios for bearer bonds

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10993 of 305 199 Below are the technical scenarios for instruments of ownership and percentage-quoted unstructured bearer bonds. The technical implementation for unit-quoted unstructured bearer bonds is based on the ta￾ble below. Technical scenarios for the bail-in implementation by the CSD and WM Datenservice (instru￾ments of ownership and percentage-quoted unstructured bearer bonds) No. Technical scenario Summary of technical process 1 Cancellation of old shares WITHOUT con￾version into new shares Cancellation of old shares Full worthless derecognition of all old shares from the CSD systems. The CSD will debit all shares from customer´s account without further action. 21 Cancellation of old shares WITHWITHOUT conversion into new shares Cancellation of old shares and conversion into new shares Full worthless derecognition of all old shares from the CSD systems and technical generation of new shares. Conversion into newThe CSD will debit all shares according to tech￾nical booking ratio (1 old share : x,xxx new shares). If the booking ratio contains frac￾tional amounts, these are rounded down by the CSD at the level of the participants’from customers’ accounts (see background infor￾mation in Chapter IV.2.13).without further action.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10994 of 305 199 32 Full nominal value/pool factor reduction of the percentage-quoted un￾structured bearer bonds with derecogni￾tionCancellation of old bondsshares WITH con￾version into new shares Full reductionCancellation of the nominal value/pool factor of the percentage-quoted unstructured bearer bonds with conver￾sionold shares and conversion into new shares Full reduction (through write-down and conversion) of the nominal value/pool factor of the affected percentage-quoted unstructured bearer bonds taking into account the total reduction rate. The total reduction rate is the sum of the write-down percentageFull worthless derecognition of all old shares from the CSD systems and the conversion percentage. The total reduction rate for scenario 3 is always 100%. Technicaltechnical generation of new shares in accordance with the technical conversion ratio:. (Nominal value (old) in original currencyConversion into new shares according to technical booking ratio (1 old share : x,xxx new shares). The CSD debits all bonds from the customers’ accounts and credits new shares (according to the technical conversion ratio). If the tech￾nical conversionbooking ratio contains fractional amounts, these are rounded down by the CSD at the level of the participants’ accounts (see background information in Chapter IV.2.13). IV.2.13).Since the reduction can be made either by full conversion of bearer bonds into new shares or by a combination of write-down and conversion, scenario 3 distinguishes into two sub-scenarios. In addi￾tion, each sub-scenario differentiates whether the reduction occurs with or without a pool factor:
3a: Full reduction by full conversion of the percentage-quoted un￾structured bearer bonds into new shares:
3a without PF: The currently posted nominal value (outstanding) is converted in full into shares and derecognised from the CSD par￾ticipants’ accounts due to the total reduction to zero. 3a with PF: The currently registered nominal value (outstanding) is converted in full into shares. Again, the outstanding principal amounts is derecognised from the CSD participants’ accounts due to the total reduction to zero and 3b: Full reduction of the percentage-quoted unstructured bearer bonds by the combination of write-down and conversion into new shares:
3b without PF: The currently registered nominal value (outstand￾ing) is in part derecognised (worthless withdrawal) due to the write-down and in part converted into shares. The converted part is also derecognised. Thus, due to a total reduction to 0, a com￾plete derecognition of the outstanding principal amounts from the accounts of the CSD participants takes place. 3b with PF: The currently registered nominal value (outstanding) is in
part worthless due to the write-down (worthless withdrawal) and in

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10995 of 305 199 Technical scenarios for the bail-in implementation by the CSD and WM Datenservice (instru￾ments of ownership and percentage-quoted unstructured bearer bonds) No. Technical scenario Summary of technical process
part converted into shares. Due to a total reduction to 0, a complete
derecognition of the nominal value from the accounts of the CSD participants takes place. 4 Full nominal value/pool factor reduction of the percentage-quoted un￾structured bearer bonds without derec￾ognition of old bonds WITHOUT conversion into new shares Full reduction of the nominal value/pool factor of the percent￾age-quoted unstructured bearer bonds without conversion into new shares Full reduction (through write-down) of the nominal value/pool fac￾tor of the affected percentage-quoted unstructured bearer bonds. The write-down percentage for the technical scenario 4 is always 100%. The write-down is reflected only in the master data of the CSD. There is no derecognition of the bearer bonds from the ac￾counts of the CSD participants. For scenario 4, a distinction is made according to whether the reduc￾tion takes place with or without a pool factor:
4 without PF: reduction of the outstanding principal amount to 0 in the master data (WSS). 4 with PF: reduction of the pool factor to 0 in the master data (WSS).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10996 of 305 199 5 Nominal value/pool factor reduction of the percentage-quoted un￾structured bearer bonds with partial de￾recognition of old bonds WITH conversion into new shares Partial reduction of the nominal value/pool factor of the per￾centage-quoted unstructured bearer bonds with conversion into new shares Partial reduction (write-down and conversion) of the nominal value/ pool factor of the affected percentage-quoted unstructured bearer bonds taking into account the total reduction rate. The total reduction rate is the sum of the write-down percentage and the conversion percentage. The total reduction for scenario 5 is al￾ways less than 100%. Technical generation of new shares in accordance with the technical conversion ratio:
(Nominal value (old) in original currency : x,xxx new shares).
The CSD credits new shares (according to the technical conversion ra￾tio) to the accounts of its participants. If the technical conversion ra￾tio contains fractional amounts, these are rounded down by the CSD at the level of the participants’ accounts (see background information in Chapter IV.2.13). In scenario 5, a distinction is made between two further sub-scenar￾ios, as in scenario 3. Furthermore, each sub-scenario is differentiated according to whether the reduction of the bearer bonds takes place with or without pool factor:
5a: Partial reduction of the percentage-quoted unstructured bearer bonds by the partial conversion into new shares:
5a without PF: the currently registered nominal value (outstand￾ing) is converted into shares in accordance with the conversion ra￾tio. The converted part of the outstanding principal amounts is de￾recognised accordingly from the CSD participants' accounts. 5a with PF: the currently booked nominal value (outstanding) is converted into shares in accordance with the conversion ratio. There is no derecognition of the converted nominal value, as a re￾duction of the pool factor is made in the master data (WSS). and 5b: Partial reduction of the percentage-quoted unstructured bearer bonds by the combination of write-down and conversion of bearer bonds into new shares:
5b without PF: the currently booked nominal value (outstanding) is in part converted into shares in accordance with the conversion ratio and the corresponding part of the nominal value is derecog￾nised. Another part is derecognised due to the write-down (worth￾less withdrawal). 5b with PF: the currently registered nominal value (outstanding) is in part converted into shares in accordance with the conversion ra￾tio. Another part becomes worthless due to the write-down (worthless withdrawal), which, together with the conversion, is re￾flected in the reduction of the current pool factor. The pool factor is adjusted in the master data (WSS).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10997 of 305 199 Technical scenarios for the bail-in implementation by the CSD and WM Datenservice (instru￾ments of ownership and percentage-quoted unstructured bearer bonds) No. Technical scenario Summary of technical process 6 Nominal value/pool factor reduction of the percentage-quoted un￾structured bearer bonds with partial de￾recognition of old bonds WITHOUT con￾version into new shares Partial reduction of the nominal value/pool factor of the per￾centage-quoted unstructured bearer bonds without conversion into new shares Partial reduction (write-down) of the nominal value/pool factor of the affected percentage-quoted unstructured bearer bonds according to the total reduction rate (equals the write-down percentage). The write-down percentage for scenario 6 is always less than 100%. For scenario 6, a differentiation is made as to whether the reduction is made with or without a pool factor:
6 without PF: partial reduction (worthless withdrawal) of the out￾standing principal amount by partial derecognition. 6 with PF: partial reduction of the pool factor in the master data (WSS). No partial derecognition.
Table 9: Technical scenarios for the CSD and the NNA (instruments of ownership and unstructured BBs)
Below are the technical scenarios for percentage-quoted structuredand unit-quoted unstructured bearer bonds:

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10998 of 305 199 Technical scenarios for the bail-in implementation by the CSD and WM Datenservice (unstruc￾tured bearer bonds) No. Technical scenario Summary of technical process 3 Full nominal value/pool factor reduction of un￾structured bearer bonds with cancellation of old bonds WITH conversion into new shares Technical scenarios forFull reduction of the bail-in implementa￾tion by the CSD (nominal value/pool factor of unstructured bearer bonds with conversion into new shares Full reduction (through write-down and conversion) of the nominal value/pool factor affected percentage-quoted struc￾tured bearer bonds taking into account the total reduction rate. Technical generation of new shares in accordance with the technical conversion ratio:
(Smallest transferable unit in original currency : x,xxx new shares) The CSD cancels the bearer bonds and books the new shares (ac￾cording to the technical conversion ratio). If the technical conver￾sion ratio contains fractional amounts, these are rounded down by the CSD at the level of the participants’ accounts (see back￾ground information in Chapter V.2.13). Since the reduction can be made either by full conversion of bearer bonds into new shares or by a combination of write-down and conversion, scenario 3 distinguishes into two sub-scenarios. Additionally, a distinction is made in each sub-scenario as to whether the reduction is made with or without a pool factor. 3a: Full reduction by full conversion of the percentage-quoted unstructured bearer bonds into new shares:
3a without PF: The currently posted nominal value (outstand￾ing) is converted in full into shares and derecognised from the CSD participants’ accounts due to the total reduction to zero. 3a with PF: The currently registered nominal value (outstand￾ing) is converted in full into shares. Again, the outstanding principal amounts is derecognised from the CSD participants’ accounts due to the total reduction to zero and 3b: Full reduction of the percentage-quoted unstructured bearer bonds by the combination of write-down and conversion into new shares:) 3b without PF: The currently registered nominal value (out￾standing) is in part derecognised (worthless withdrawal) due to the write-down and in part converted into shares. The con￾verted part is also derecognised. Thus, due to a total reduction to 0, a complete derecognition of the outstanding principal amounts from the accounts of the CSD participants takes place. Eingefügte Zellen Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 10999 of 305 199 3b with PF: The currently registered nominal value (out￾standing) is in part worthless due to the write-down (worth￾less withdrawal) and in part converted into shares. Due to a total reduction to 0, a complete derecognition of the nomi￾nal value from the accounts of the CSD participants takes place. 4 Full reduction of the nomi￾nal value/pool factor of unstructured bearer bonds without cancellation of old bonds WITHOUT conver￾sion into new shares Full reduction of the nominal value/pool factor of unstruc￾tured bearer bonds without conversion into new shares Full reduction (through write-down) of the nominal value/pool factor of unstructured bearer bonds. The write-down percentage for the technical scenario 4 is always 100%. The write-down is merely reflected in the master data of the CSD. There is no cancellation of the bearer bonds from the accounts of the participants at the CSD. In scenario 4, a distinction is made as to whether the reduction is made with or without a pool factor:
4 without pool factor: Reduction of the outstanding nominal value to zero in the master data (WSS). 4 with pool factor: Reduction of the pool factor to zero in the master data (WSS). 5 Nominal value/pool factor reduction of unstructured bearer bonds with partial cancellation of old bonds WITH conversion into new shares Partial reduction of the nominal value/pool factor of unstruc￾tured bearer bonds with conversion into new shares Partial reduction (through write-down and conversion) of the nominal value/pool factor of unstructured bearer bonds taking into account the total reduction rate. The total reduction rate is the sum of the write-down percentage and the conversion percentage. The total reduction for scenario 5 is always less than 100%. Technical generation of new shares in accordance with the tech￾nical conversion ratio:
(Smallest transferable unit in original currency : x,xxx new shares) The CSD books the new shares into the accounts of the partici￾pants (according to the technical conversion ratio). If the technical conversion ratio contains fractional amounts, these are rounded down by the CSD at the level of the participants’ ac￾counts (see background information in Chapter V.2.13). In scenario 5, a distinction is made between two further sub-sce￾narios, as in scenario 3. Additionally, a distinction is made in each sub-scenario as to whether the reduction is made with or without a pool factor. 5a: Partial reduction of the percentage-quoted unstructured bearer bonds by partial conversion into new shares:
5a without PF: the currently registered nominal value (out￾standing) is converted into shares in accordance with the con￾version ratio. The converted part of the outstanding nominal

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109100 of 305 199
Table 10: Technical scenarios for the CSD and the NNA (unstructured BBs)
Below the technical scenarios for percentage-quoted structured bearer bonds and structured bearer bonds quoted in units can be found. amounts is cancelled accordingly from the CSD participants' accounts. 5a with PF: the currently booked nominal value (outstanding) is converted into shares in accordance with the conversion ra￾tio. There is no cancellation of the converted nominal value, as a reduction of the pool factor is made in the master data (WSS). and 5b: Partial reduction of t unstructured bearer bonds by the com￾bination of write-down and conversion of bearer bonds into new shares:
5b without PF: the currently registered nominal value (out￾standing) is partially converted into shares in accordance with the conversion ratio and the corresponding portion of the nominal value is cancelled. Another portion is cancelled due to the write-down (worthless withdrawal). 5b with PF: the currently registered nominal value (out￾standing) is partially converted into shares in accordance with the conversion ratio. Another portion becomes worth￾less due to the write-down (worthless withdrawal), which, together with the conversion, is reflected in the reduction of the current pool factor. The pool factor is adjusted in the master data (WSS). 6 Nominal value/pool factor reduction of structured bearer bonds with partial cancellation of old bonds WITHOUT conversion into new shares Partial reduction of the nominal value/pool factor of unstruc￾tured bearer bonds without conversion into new shares Partial reduction (write-down) of the nominal value/pool factor of the affected unstructured bearer bonds according to the total re￾duction rate (equals the write-down percentage). The write-down percentage for scenario 6 is always less than 100%. In scenario 6, a distinction is made as to whether the reduction is made with or without a pool factor:
6 without pool factor: partial write-down (worthless with￾drawal) of the outstanding nominal amount through partial cancellation. 6 with pool factor: partial reduction of the pool factor in the master data (WSS). No partial cancellation.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109101 of 305 199 Technical scenarios for bail-in execution by the central securities depository and WM Datenservice (structured bearer bonds) No. Technical scenario Summary of technical process 3 Full reduction of the per￾centage-quoted structured bearer bonds WITH con￾version into new shares Full reduction of the percentage-quoted structured bearer bonds with conversion into new shares Full reduction (through write-down and conversion) of the af￾fected percentage-quoted structured bearer bonds taking into ac￾countin line with the total reduction rate. The total reduction rate is the sum of the write-down percentage and the conversion percentage. The total reduction rate for sce￾nario 3 is always 100%. Based on the technical exercise ratio, WM Datenservice sets the nominal value of the affected percentage-quoted structured bearer bonds to zero in the master data (see Chapter V.2.7):
(Nominal value (old) in EURoriginal currency : Nominal Valuevalue (new) in EUR).original currency) On the basis of information from the resolution authority, the bank and the updated data set from WM Datenservice (see tasks 1, 5 and 6), the CSD adjustscentral securities depository modifies the master data for the affected percentage-quoted structured bearer bonds in its system. Thus, theThe total reduction (through write-down and conversion) of the structured bearer bonds is re￾flectedtherefore modelled in the systems of the CSD.central secu￾rities depository. There is no derecognitioncancellation of the in￾struments from the accounts of the participants. Due to the conversion, the CSDcentral securities depository books the new shares intoto the accounts of the participants according toin line with the technical conversion ratio for the percentage￾quoted structured bearer bonds:
(Nominal value(Smallest transferable unit (old) in EURoriginal cur￾rency : x,xxx new shares). If the technical conversion ratio contains fractional amounts, these are rounded down by the CSDcentral securities depository at the level of the participants’ accounts (see background information in
Chapter IV.2.13V.2.13).
Since the reduction can be made either by full conversion of per￾centage-quoted structured bearer bonds into new shares or by a combination of write-down and conversion, scenario 3 distin￾guishes into two sub-scenarios. 3a: Full conversion of percentage-quoted structured bearer bonds into new shares. 3b: Combination of write-down and conversion of percent￾age-quoted structured bearer bonds into new shares.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109102 of 305 199 Technical scenarios for bail-in execution by the central securities depository and WM Datenservice (structured bearer bonds) No. Technical scenario Summary of technical process 4 Full reduction of the per￾centage-quoted structured bearer bonds WITHOUT conversion into new shares Full reduction of the percentage-quoted structured bearer bonds without conversion into new shares Full reduction (through write-down) of the affected percentage￾quoted structured bearer bonds. The write-down percentage for the technical scenario 4 is always 100%. Based on the technical exercise ratio, WM Datenservice sets the nominal value (if it exists) of the affected percentage-quoted structured bearer bonds to zero in the master data (see Chapter V.2.7). WM Datenservice also modifies other features of the struc￾tured bearer bond, such as the multiplier, the minimum, maximum and bonus amounts, if applicable. On the basis of information from the resolution authority, the bank and the updated data set from WM Datenservice (see tasks 1, 5 and 6), the CSD adjustscentral securities depository modifies the master data for the affected percentage-quoted structured bearer bonds in its system. Thus, theThe write-down is herewith reflected in the systems of the CSD.central securities depository. There is no derecognitioncancellation of the instruments from the accounts of the participants.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109103 of 305 199 Technical scenarios for bail-in execution by the central securities depository and WM Datenservice (structured bearer bonds) No. Technical scenario Summary of technical process 5 Partial reduction of the percentage-quoted struc￾tured bearer bonds WITH conversion into new shares Partial reduction of the percentage-quoted structured bearer bonds with conversion into new shares Partial reduction (through write-down and conversion) of the af￾fected percentage-quoted structured bearer bonds taking into ac￾countin line with the total reduction rate. The total reduction rate is the sum of the write-down percentage and the conversion percentage. The total reduction rate for sce￾nario 5 is always less than 100%. Based on the technical exercise ratio, WM Datenservice reduces the nominal value (if it exists) of the affected percentage-quoted structured bearer bonds in the master data (see Chapter IV.2.7V.2.7). WM Datenservice also modifies other features of the structured bearer bond, such as the multiplier, the minimum, maximum and bonus amounts, if applicable. On the basis of information from the resolution authority, the bank and the updated data set from WM Datenservice (see tasks 1, 5 and 6), the CSD adjustscentral securities depository modifies the master data for the affected percentage-quoted structured bearer bonds in its system. Thus, theThe reduction of the percentage-quoted structured bearer bonds is herewith reflected in the systems of the CSD.central securities depository. There is no derecogni￾tioncancellation of the instruments from the accounts of the par￾ticipants. Due to the conversion, the CSDcentral securities depository books the new shares intoto the accounts of the participants according toin line with the technical conversion ratio for the percentage￾quoted structured bearer bonds:
(Nominal value(Smallest transferable unit (old) in EURoriginal cur￾rency : x,xxx new shares). If the technical conversion ratio contains fractional amounts, these are rounded down by the CSDcentral securities depository at the level of the participants’ accounts (see background information in
Chapter IV.2.13V.2.13).
In scenario 5, a distinction is made between two further sub-sce￾narios, as in scenario 3. 5a: the partial conversion of percentage-quoted structured bearer bonds into new shares and 5b: Combinationcombination of write-down and partial conversion of percentage-quoted structured bearer bonds into new shares.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109104 of 305 199 Technical scenarios for bail-in execution by the central securities depository and WM Datenservice (structured bearer bonds) No. Technical scenario Summary of technical process 6 Partial reduction of the per￾centage-quoted structured bearer bonds WITHOUT conversion into new shares Partial reduction of the percentage-quoted structured bearer bonds without conversion into new shares Partial reduction (through write-down) of the affected percent￾age-quoted structured bearer bonds according toin line with the total reduction rate (equals the write-down percentage). The write-down percentage for scenario 6 is always less than 100%. Based on the technical exercise ratio, WM Datenservice reduces the nominal value (if it exists) of the affected percentage-quoted structured bearer bonds in the master data (see Chapter V.2.7). WM Datenservice also modifies other features of the structured bearer bond, such as the multiplier, the minimum, maximum and bonus amounts, if applicable. On the basis of information from the resolution authority, the bank and the updated data set from WM Datenservice (see tasks 1, 5 and 6), the CSD adjustscentral securities depository modifies the master data for the affected percentage-quoted structured bearer bonds. Thus, the in its systems. The write-down of the per￾centage-quoted structured bearer bonds is herewith reflected in the systems of the CSD.central securities depository. There is no derecognitioncancellation of the instruments from the accounts of the participants.
Table 11: Technical scenarios for the CSD and the NNA (percentage-quoted structured BBsbearer bonds)

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109105 of 305 199 Task 12: Booking of bail-in in participants’ accounts Task owner Central Securities Depository (CSD) Source of information  Resolution orderOrder received from resolution authority (see task 1);  information regarding the number of new shares resulting from the conversion of SSD/NSV and instruments of ownership not held by central securities depositories received from the bank/agent (task 5);  updated information in the CSD systems after technical bail-in implementation (task 11). Time of implementation T+5 Task implementation The CSD reflects the technical bail-in implementation in the accounts of its direct participants (i.e. the custodian banks and the administrators of the interim account for the new shares resulting from the conversion of SSD/NSV and instruments of ownership not held by central securities de￾positories). This comprises:
 the derecognition of old bearer shares, which have been can￾celled from the accounts of the direct participants; or  the derecognition of old registered shares, which are to be cancelled, from the accounts of the direct participants; prior to that rebooking from registered holdings into pending holdings; and  the reflection of the reduction of nominal value/pool factor of the unstructured bearer bonds (write-down and conversion) in the accounts of its direct participants;  reflection of the reduction of percentage-quoted structured bearer bonds (write-down and conversion) in the master data. No book-entries take place in the accounts of the participants, i.e. no derecognition of instruments by the CSD;  the allocation of the new shares resulting from the conversion of bearer bonds (booking in the direct participants' accounts) and SSD/NSV (booking in the interim account)26 and  if applicable, the allocation of new shares to holders of old shares, which have been cancelled (relevant only for technical scenario 2). If the technical conversion ratio contains fractional amounts, the CSD only books the full shares into the accounts of its participants. The fractional

26 If existing shareholders who previously owned instruments of ownership not held by central securities depositories (e.g. ex￾isting limited liability company shareholders) are entitled to receive new shares, their number of new shares must also be submitted to the CSD.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109106 of 305 199 amounts per participant’s account (final amounts) are rounded down (see background information on the handling of fractional amounts). Forwarded information  Information to CSD’s direct participants (custodian banks and administrators of the interim account) regarding the booking of the bail-in implementation in their accounts (via CSD systems);  information to the resolution authority that bail-in has been booked in the accounts of the direct participants by e-mail;  information to bank/agent that bail-in has been booked in the accounts of the direct participants by e-mail. Task table 12: Booking of bail-in in participants’ accounts
Figure 5Figure 9 provides an overview of the booking of the technical bail-in implementation in the ac￾counts of the CSD´s direct participants.
Figure 59: Booking of bail-in in participants´ accounts and interim account

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109107 of 305 199 Background information:
Treatment of fractional amounts
The resolution orderResolution Order may provide for the conversion of instruments into new shares. The technical conversion ratio may result as a consequence in fractional shares (partial rights), if the resolution orderResolution Order does not provide for rounding down to full amounts (e.g. from 221,6 shares per instrument to 221 shares). If no rounding down is pro￾vided for in the resolution orderResolution Order, the CSD and the custodian banks round down the fractional amounts (final amounts) per participant. Rounding down of the final amounts at the CBF level:
The CSD rounds off the total number of shares per client account. If, for example, a custodian bank manages a main account and several sub-accounts, these are considered separately and rounded down. Thus, only the full shares are booked for each client account. The fractional amounts (final amounts) per custodian bank account are worthless and lapse. For example, if a custodian bank receives 10.000,8940815 shares in its main account, 10.000 shares will be booked to the CBF participant’s main account. The final amount of 0,8940815 is worthless and lapses. Example (simplified):

• The technical conversion ratio is EUR 1.000,00 : 100,1234567 shares.
• CBF has five custodian banks as participants.
• Each custodian bank holds in its CBF account 100 bonds with nominal value of EUR
  1.000,00 each.
• This results in an individual position of 10.012,3456700 shares per custodian bank.
• Individual positions are rounded down to 10.012 units by CBF. This means that the final
  amount of 0,3456700 shares per custodian bank is worthless and lapses.
• Each custodian bank will receive 10.012 shares booked to its CBF account.
• A total of 1,7283500 shares remain with the issuer.
  Rounding down of the final amounts at the custodian bank level:
  The custodian banks also round off the fractional amounts per participant and book only full shares (no fractions) into their clients' securities accounts. For each custodian bank, this results in a combined final position across all clients of the respective custodian bank. The full shares contained in the final position are sold by the custodian bank, and the sales proceeds are made available to the custodian bank's entitled clients. The remaining final amount is worth￾less and lapses. Example continued (simplified):
• A custodian bank receives 10.012 shares booked to its CBF account.
• It has five participants, or clients, who each own 20 bonds.
• Each client is therefore entitled to 2.002,4 shares.
• Each client receives 2.002 shares, as only full shares are allocated.
• The final amounts (equal to 0,4 per client) are pooled by the custodian bank, resulting in a
  final position of two full shares across all clients.
• The custodian bank sells two full shares on the market for a total of, for example, EUR 10.
• The amount earned is divided among the clients, i.e. each client receives EUR 2.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 108 of 305 Task 13: Hold shares for SSD/NSV holders affected by the bail-in Task owner Administrator of the interim account Source of information Information on booking of bail-in in accounts received from CSD (task 12). Time of implementation T+5 Task implementation The administrator of the interim account maintains the interim account with the new shares for the SSD/NSV holders affected by the bail-in and, where applicable, the existing shareholders.27 The administrator of the interim account approaches the bank/its agent to submit a list with the securities account/bank details of the SSD/NSV holders affected by the bail-in and, where applicable, the existing share￾holders, and the number of new shares each party concerned is entitled to receive. If the bank itself is the administrator of the interim account, it would directly approach the SSD/NSV holders affected by the bail-in and, where applicable, the existing shareholders and ask them into which secu￾rities accounts the shares should be booked. Forwarded information Request to bank/agent for provision of securities account/bank details of SSD/NSV holders affected by the bail-in, where applicable, the existing shareholders and number of new shares for each party concerned by e￾mail. Task table 13: Hold shares for SSD/NSV holders and existing shareholders affected by the bail-in

27 If existing shareholders who previously owned instruments of ownership not held by central securities depositories (e.g. ex￾isting limited liability company shareholders) are entitled to receive new shares, their number of new shares must also be submitted to the CSD by the administrator of the interim account.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109109 of 305 199 Task 14: Customer notification and reflection in accounts Task owner Custodian banks (CSD participants) Source of information Information from CSD (task 12). Time of implementation T+5 Task implementation The custodian banks of the holders of old shares and of the bearer bonds holders affected by the bail-in reflect the bail-in implementation in the respective securities accounts of their customers. This comprises:
 the deletion of old cancelled shares in the customers’ accounts;  the reflection of the reduction of the nominal value/pool factor of the bearer bonds (write-down and conversion) in the securities accounts of the bearer bonds holders;  the allocation of new shares to the securities accounts of the new shareholders (bearer bonds holders affected by the bail-in) and, if ap￾plicable, to the securities accounts of holders of old shares that were cancelled (only applicable for technical scenario 2). If fractional amounts (final amounts) arise during the allocation of the new shares to the clients, the custodian banks only book the full shares into the securities accounts of their clients. The final amounts are rounded down (see background information in Chapter V.2.13). Forwarded information Notice to customers on bail-in implementation via e-mail or other infor￾mation channels. Task table 14: Customer notification and reflection in securities accounts

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109110 of 305 199 Task 15: Submission of SSD/NSV holders´ bank account details Task owner Bank/agent Source of information Request from administrator of the interim account (task 13). Time of implementation T+5 Task implementation The bank/agent approaches the SSD/NSV holders affected by the conver￾sion into new shares and, where applicable, the existing shareholders and asks for information on the securities accounts into which the new shares must be transferred.28 Forwarded information  Submission of list to administrator of the interim account with securities account/bank details of SSD/NSV holders affected by the bail-in and, where applicable, existing shareholders and the number of shares each party concerned is entitled to receive by e-mail;  informing the resolution authority of the dispatch of the list of securities account/bank details to the administrator of the interim account by e-mail. Task table 15: Submission of SSD/NSV holders´ / existing shareholders’ bank account details Task 16: Delivery of new shares to accounts of SSD/NSV holders Task owner Administrator of the interim account (CSD participant) Source of information List submitted by bank/agent with securities account/bank details of SSD/NSV holders affected by the bail-in and, where applicable, existing shareholders inclusive number of new shares each party concerned is enti￾tled to receive (task 15).28 Time of implementation from T+5

28 If existing shareholders who previously owned instruments of ownership not held by central securities depositories (e.g. ex￾isting limited liability company shareholders) are entitled to receive new shares, their bank account details must also be sub￾mitted to the administrator of the interim account by the institution/agent.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109111 of 305 199 Task implementation The administrator of the interim account allocates the new shares from the interim account to the custodian banks holding the securities accounts of the SSD/NSV holders affected by the bail-in and, if applicable, the exist￾ing shareholders, in accordance with the list containing the bank details.29 Ideally, the distribution of the new shares should take place in one deli￾very. However, since it is likely that not all the required securities account / bank details of the above-mentioned persons will be available at the same time, the administrator of the interim account can proceed in stages. This means that as soon as an economically reasonable lot size of securities ac￾count / bank details has been provided, the distribution of shares can take place. When notifying the resolution authority of the allocation of new shares to the holders of borrower’s note loans/registered bonds, the notification (email) must state the number of orders already placed, the borrower’s note loans/registered bonds and the new shares allocated per lot size. A reasonable lot size should be selected, e.g. from 10% of the total volume of shares of the holders of borrower’s note loans/registered bonds con￾cerned. Forwarded information  Notification to custodian banks of SSD/NSV holders affected by the bail-in and, if applicable, existing shareholders with infor￾mation about the origin of the new shares (i.e. conversion as part of the bail-in) by e-mail;  information to the resolution authority that new shares have been allocated to custodian banks of those affected by the bail-in (by e-mail);  information to bank/agent that new shares have been allocated to custodian banks of parties affected by the bail-in (by e-mail). Task table 16: Delivery of new shares to affected SSD/NSV holders / existing shareholders Task 17: Customer notification and reflection in securities accounts Task owner Custodian banks of SSD/NSV holders affected by the bail-in and, where applicable, existing shareholders Source of information Notification of the administrator of the interim account to the SSD/NSV holders affected by the bail-in and, if applicable, existing shareholders with information regarding the origin of the new shares (task 16). Time of implementation T+5

29 If applicable, new shares will also be transmitted by the administrator of the interim account to the existing shareholders of instruments of ownership not previously held by central securities depositories.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109112 of 305 199 Task implementation If applicable, the custodian banks send a notification to the administrator of the interim account, which confirms the reception of the shares. The custodian banks allocate the new shares to the accounts of the SSD/NSV holders affected by the bail-in and, where applicable, the existing share￾holders. If fractional amounts (final amounts) arise during the allocation of the new shares, the custodian banks only book the full shares into the securities accounts of their clients. The final amounts are rounded down (see back￾ground information in Chapter V.2.13). Forwarded information Notification to SSD/NSV holders affected by the bail-in and, where appli￾cable, existing shareholders (by e-mail or other information channels). Task table 17: Customer notification and reflection in securities accounts
Figure 6 Figure 10 provides an overview of the booking of the bail-in implementation by the custodian
banks.
Figure 610: Reflection of bail-in in customer securities accounts

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109113 of 305 199 Task 18: Order on the resumption of trading Task owner Resolution authority Source of information  Resolution orderOrder (task 1);  positive list with ISINs of instruments affected by the suspension of trading (task 1);  where applicable, the supplementary or corrected list of ISINs on the suspension of trading of additional instruments from the bank (task 5). Time of implementation T+430 Task implementation Drafting of a separate order stating that the trading of instrument affected by the suspension of trading must be resumed on the next trading day. This step does not apply, for example, to cancelled shares as they do not exist anymore. Forwarded information  Conveyance of dedicated order to resume trading to exchange(s) and the Exchange Supervisory Authority(ies) (first by e-mail and subsequently by mail);  publication of dedicated order to resume trading on resolution authority’s website. Task table 18: Order on the resumption of trading Task 19: Resumption of trading and listing of new shares Task owner Exchange(s) Source of information  Notification on features of the new shares received from reso￾lution authority (task 8 – variant 1); or  “simplified listing application” for the listing of new shares re￾ceived from the bank/agent (task 8 – variant 2); and  dedicated order to resume trading received from resolution authority (task 18); and  information from bank/agent on submission of global certificate to CSD (task 10).

30 The point in time for the order to resume trading may deviate from the timing of the process as described here (depending on technical circumstances).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109114 of 305 199 Time of implementation T+531 Task implementation  The exchange(s) resume(s) the trading of the instruments af￾fected by the suspension of trading.  The exchange(s) will, on the basis of

• the notification on the features of the new shares (task 8.V1)
  or
• the “simplified listing application” (task 8.V2)
  perform the listing process.
   The new shares can then be traded on the exchange(s).32 Forwarded information  The resolution authority is informed that new shares are listed and that trading of suspended instruments has been resumed (by e-mail).  The NNA and the CSD are informed that new shares are listed and that trading of suspended instruments has been resumed (by e-mail).  The bank is informed that new shares are listed and that trading of suspended instruments has been resumed (by e-mail).  Spread information on resumption of trading and listing of new shares into the market via market information systems. Task table 19: Resumption of trading and listing of new shares Task 20: Information on handling of suspended payments Task owner Bank/agent Source of information  Resolution orderOrder received from resolution authority (see task 1);  the positive list with instruments for suspension of payments received from resolution authority (task 1);  if applicable, supplementary or corrected positive list prepared and sent by the bank/agent to the resolution authority with in￾struments for suspension of payments (task 5). Time of implementation T+5 Task implementation The bank or, if relevant, its agent prepares a notification in the form of an e-mail to the NNA and the CSD with detailed information on how to deal with previously suspended payments.

31 The point in time for the resumption of trading may deviate from the timing of the process as described here (depending on the separate order to resume trading issued by the resolution authority). 32 In general, the first price can be quoted one trading day after admission to trading.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109115 of 305 199 Forwarded information  Forwarding of the information on the handling of previously sus￾pended payments to the NNA and a copy to the CSD by e-mail;  information to the resolution authority of the forwarding of the notification on the handling of suspended payments to the NNA and the CSD by e-mail. Task table 20: Information on handling of suspended payments

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109116 of 305 199 Background information:
Handling of suspended payments (interest and principal) The bank will (after implementation of the bail-in in the systems and accounts of the market participants) inform the NNA and the CSD by e-mail about the handling of previously suspended payments. When in￾forming on the handling of suspended payments, the bank must note that for all instruments affected by the bail-in, the payments must be recalculated taking into account the write-down and conversion percentages published in the resolution order.Resolution Order. For each instrument for which interest payments have been suspended as part of the bail-in, the following WM data fields must be included in the notification:
 ISIN (WM field: GD622);
 start date of the interest period (WM field: ED024A);  end date of the interest period (WM field: ED025A);  coupon as of (WM field: ED031);  payment date (WM field: ED021);  ex-coupon date (WM field: ED007);  record date (WM field: ED020);  total dividend/income (WM field: ED008A);  number of interest days (WM field: ED300);  dividend/income currency: (WM field: ED011);  dividend/income % (WM field: ED032). With regard to previously suspended principal payments, the following WM data fields are to be provided. A distinction must be made between two cases:

1. in the case of partial redemptions (pool factor or nominal value changes):
    ISIN (WM field: GD622);
    maturity date (WM field: VD009);
    payment date (WM field: VD010);
    pool factor after redemption (WM field: VD099);  nominal value after redemption (WM field: VD062);  record date (WM field: VD048).
2. for all other types of repayment (e.g., in the case of early termination or scheduled total repayment of
   the nominal value at maturity):
    ISIN (WM field: GD622);
    maturity date (WM field: VD009);
    payment date (WM field: VD010);
    redemption value (WM field: VD013C).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 117 of 305
3. Description of the process tasks: ICSD bail-in implementation
Task table: ICSD bail-in implementation
This Chapter contains an overview of the ICSD bail-in implementation process and an overview of the indi￾vidual process tasks. Each process task describes the responsible actor, the necessary information base, the time of execution, the activities to be carried out for the execution and the information and communication channels.
Figure 711 provides an overview of the ICSD bail-in implementation process or the so-called “ICSD Add￾On”. It should be noted that the process is based on the domestic bail-in implementation and should only
be considered together with this.
The process tasks with Arabic numerals represent an extension of the process tasks of the domestic bail-in implementation with regard to the “ICSD Add-On”. These have to be implemented by domestic actors, such as, for instance, the bank and the domestic CSD. The process tasks with Roman numerals are part of the ICSD Add-On and must be implemented by the ICSDs, the Common Depositories/Common Service Provid￾ers and the Common Safekeepers.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 118 of 305
Figure 711: Task table of the ICSD bail-in implementation – “„ICSD Add-On”

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 119 of 305 Task 1: “ICSD Add-On” – Publication of the resolution orderResolution Order Task owner Resolution authority Source of information n.a. Time of implementation T Task implementation In addition to the activities in Task 1 of the domestic bail-in implementation, the resolution authority prepares the following documents/files:
 a legally non-binding summary of the resolution orderResolu￾tion Order in English;  an instruction letter in English. The letter includes, among other things, brief instructions on implementing the bail-in in accordance with the resolution orderResolution Order, and a listing of the insti￾tution’s involved agents in the external bail-in implementation;  a positive list (MS Excel file) of international bearer bonds affected by the bail-in for which a suspension of payments must take place. Forwarded information In addition to Task 1 of the domestic bail-in implementation, the resolution authority submits the following documents/files:
 Submission of the resolution orderResolution Order and its an￾nexes as well as the summary of the resolution orderResolution Order in English to the ICSDs directly via e-mail and in copy to their supervisory authorities (CSSF and NBB) and to the Common Depositories/Common Service Providers;  submission of the instruction letter to the ICSDs directly via e-mail and in copy to their supervisory authorities (CSSF and NBB) and to the Common Depositories/Common Service Providers;  submission of the positive list (as MS Excel file) for suspension of payments of the affected international bearer bonds (XS-ISINs) to the ICSDs via e-mail and in copy to the Common Deposito￾ries/Common Service Providers. Task table 21: Publication of the resolution orderResolution Order – “ICSD Add-On”

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 120 of 305 Task I: Acknowledgement of resolution orderResolution Order Task owner Supervisory authorities of the ICSDs (CSSF and NBB) Source of information  Resolution orderOrder received from resolution authority (task 1 – “ICSD Add-On”);  instruction letter received from the resolution authority (task 1 – “ICSD Add-On”). Time of implementation T/T+1 Task implementation The supervisory authorities of the ICSDs (CSSF and NBB) take note of the resolution orderResolution Order and instruction letter submitted by the resolution authority. Forwarded information n.a. Task table 22: Acknowledgement of resolution orderResolution Order Task II: Acknowledgement of the positive list for suspension of payments Task owner Common Depositories/Common Service Providers Source of information  Resolution orderOrder received from resolution authority (task 1 – “ICSD Add-On”);  instruction letter received from the resolution authority (task 1 – “ICSD Add-On”);  the (supplementary or corrected) positive list (MS Excel list) sent by the resolution authority with the international bearer bonds af￾fected by the bail-in for suspension of payments (tasks 1 and 5 – “ICSD Add-On”); Time of implementation T/T+1 Task implementation The Common Depositories/Common Service Providers take note of the doc￾uments and data submitted by the resolution authority. If the Common Depositories/Common Service Providers act as paying agents for the international bearer bonds (XS-ISINs) affected by the bail-in, and payments are made for them during the technical bail-in implementa￾tion, the CDs/CSPs stop all related processes, such as the transfer of funds to the ICSDs. Forwarded information n.a. Task table 23: Acknowledgement of the positive list for suspension of payments

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 121 of 305 Task III: Legal review and (if necessary) suspension of payments Task owner ICSDs Source of information  Resolution orderOrder received from resolution authority (task 1 – ”ICSD Add-On”);  instruction letter received from the resolution authority (task 1 – “ICSD Add-On”);  the (supplementary or corrected) positive list (MS Excel list) sent by the resolution authority with the international bearer bonds af￾fected by the bail-in for suspension of payments (tasks 1 and 5 – ”ICSD Add-On”). Time of implementation T + 1 Task implementation  The ICSDs perform a legal review33 of the resolution orderResolu￾tion Order;  if applicable, the ICSDs suspend all interest and principal payments which occur during the technical bail-in implementation for af￾fected international bearer bonds based on the (supplementary or corrected) positive list for suspension of payments received from the resolution authority. Forwarded information  Notification of the resolution authority of the receipt of the reso￾lution orderResolution Order, the (supplementary or corrected) positive list for suspension of payments and the instruction let￾ter via e-mail;  information to the resolution authority of the suspension of pay￾ments via e-mail upon request; and  information to the bank/agent of the suspension of payments via e-mail upon request;  information to the participants of the suspension of payments. Task table 24: Legal review of the resolution orderResolution Order and (if necessary) suspension of payments

33 BaFin regards the “legal review” as a plausibility check which can be carried out in the required short time period and which is limited to the review of obvious points, in particular to a basic examination of obvious formal requirements, such as the mandating authority. BaFin assumes that the ICSDs will not conduct a substantive legal review of the resolution order.Reso￾lution Order.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109122 of 305 199 Task 5: “ICSD Add-On” – Instruction letter, supporting documents, list with ISINs Task owner Bank/agent Source of information In addition to the sources of information listed in task 5 of the domestic bail-in implementation, this process task is based on the following infor￾mation:
 Information of the suspended payments submitted by the ICSDs upon request, where applicable (Process task III). Time of implementation T + 1 Implementation of the process task In addition to the documents listed in task 5 of the domestic bail-in imple￾mentation, the bank/agent prepares the following documents to the ICSDs in English language:
 Instruction letter which includes, among others, a short instruction to implement the bail-in as described in the resolution orderReso￾lution Order and a reference to the supporting documents (opera￾tional guidelines and detailed list of instruments);  operational guidelines which provide detailed technical infor￾mation on the implementation of the bail-in for international bearer bonds;  detailed list of instruments delivering, for each international bearer bond affected by the bail-in, specific information needed by the ICSDs in their systems for the technical implementation of the bail-in;  if applicable, a positive list (MS Excel file) of international bearer bonds affected by the bail-in for which a settlement blocking must take place on the part of the ICSDs. Forwarded information In addition to task 5 of the domestic bail-in implementation, the bank/agent submits the following information:
 Sending of a correcting notification to the positive list with af￾fected international bearer bonds for suspension of payments to the resolution authority for transmission to the ICSDs via e-mail;  sending the positive list for settlement blocking with affected in￾ternational bearer bonds directly by e-mail to the ICSDs and in copy to the Common Depositories/Common Service Providers and the resolution authority;  sending of the instruction letter and the supporting documents directly by e-mail to the ICSDs for bail-in implementation and in copy to the Common Depositories/Common Service Providers, the Common Safekeepers (generally one of the ICSDs or the CSP), the resolution authority as well as WM Datenservice. Task table 25: Instruction letter, supporting documents, positive lists – “ICSD Add-On”

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 123 of 305 Task IV: Preparation of the mark-down instructions Task owner Common Depositories/Common Service Providers Source of information  Positive list for settlement blocking (MS Excel list) submitted by the bank/agent with international bearer bonds or XS-ISINs af￾fected by the bail-in (task 5 – “ICSD Add-On”) where applicable;  instruction letter and supporting documents received from bank/agent (task 5 – “ICSD Add-On”). Time of implementation T + 2 Task implementation The Common Depositories/Common Service Providers prepare the so-called mark-down instructions to the ICSDs based on the instruction letter and the supporting documents of the bank. These are technical instructions for the write-down and/or conversion of instruments. Forwarded information n.a. Task table 26: Preparation of the mark-down instructions to the ICSDs Task V: Eligibility review and settlement blocking, where applicable Task owner ICSDs Source of information  If applicable, positive list for settlement blocking (MS Excel list) submitted by the bank/agent with international bearer bonds or XS-ISINs affected by the bail-in (task 5 – “ICSD Add-On”);  instruction letter and supporting documents received from bank/agent (task 5 – “ICSD Add-On”). Time of implementation T + 2 Task implementation  The ICSDs inform their participants of the resolution measures.  OnIf necessary, based on the basis of the positive list submitted by the bank for the settlement blocking and the operational guidelines, the ICSDs can decide to initiate the settlement block￾ing for international bearer bonds affected by the bail-in.  On the basis of the operational guidelines provided by the bank and the information on new shares included therein, the ICSDs perform an eligibility review how far the new shares fulfill the cri￾teria for approval to settlement in their books.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109124 of 305 199 Forwarded information  Information to the participants about the resolution measure via SWIFT and additional channels, if necessary;  where applicable, information to the bank/agent of settlement blocking by e-mail upon request;  sending of a confirmation to the bank/agent about the admis￾sion of the new shares to settlement in the systems of the ICSDs by e-mail. Task table 27: Information to the ICSDs’ participants, eligibility review and settlement blocking Task 10: “ICSD Add-On” – Reconciliation of ICSDs’ holdings Task owner Bank/agent Source of information In addition to the sources of information listed in task 10 of the domestic bail-in implementation, this process task is based on the following infor￾mation:
 Positive list for suspension of payments (MS Excel list) submit￾ted by the resolution authority with international bearer bonds or XS-ISINs affected by the bail-in (task 1 – “ICSD Add-On”);  where applicable, the correcting notification submitted by the bank/agent to the resolution authority for the positive list of in￾ternational bearer bonds affected by the bail-in for suspension of payments (task 5 – “ICSD Add-On”). Time of implementation from T + 4 (record date) Task implementation In addition to the activities listed in task 10 of the domestic bail-in imple￾mentation, the bank takes the following actions:
 Reconciliation of the ICSD holdings with the Common Deposito￾ries (CGN) or the Common Service Providers (NGN) for determi￾nation of the total number of new shares resulting from the con￾version of international bearer bonds. Following, the total number of new shares has to be transmitted by CBF to the ICSDs (see task 12 – “ICSD Add-On”). Forwarded information In addition to Task 10 of the domestic bail-in implementation, the bank/agent submits the following information:
 Forwarding of information on the total number of new shares resulting from the conversion of international bearer bonds to the domestic Central Securities Depository (CBF) by e-mail. Task table 28: Reconciliation of ICSDs’ holdings with CDs/CSPs by the bank – “ICSD Add-On”

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109125 of 305 199 Task VI: Mark-down of CGN/NGN Task owner Common Depositories/Common Safekeepers and Common Service Pro￾viders Source of information  instruction letter and supporting documents received from bank/agent (task 5 – “ICSD Add-On”). Time of implementation T + 4 (record date) Task implementation  The Common Depositories and Common Service Providers (gen￾erally one of the ICSDs) reconcile the ICSD holdings with the bank/agent (see also task 10 – “ICSD Add-On”).  The Common Depositories and Common Safekeepers (generally one of the ICSDs or the CSP) adjust the global certificates of the international bearer bonds affected by the bail-in based on the instruction letter received from the bank, the supporting docu￾ments and the write-down and conversion percentages listed therein.  The Common Depositories/Common Service Providers send mark-down instructions to the ICSDs to perform the write-down and/or conversion of the international bearer bonds affected by the bail-in. Forwarded information Submission of the mark-down instructions (write-down and/or conver￾sion) to the ICSDs via SWIFT. Task table 29: Adjustment of the Classical Global Note/New Global Note

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109126 of 305 199 Task VII: Reflection of the write-down in participants’ accounts Task owner ICSDs Source of information  Mark-down instructions received from the Common Deposito￾ries/Common Service Providers (process task VI). Time of implementation T + 4 (record date) Task implementation  Based on the mark-down instructions received from the Common Depositories/Common Service Providers, the ICSDs implement the reduction as a result of the write-down of international bearer bonds in their systems.  The ICSDs inform the Common Depositories/Common Service Providers about the write-down of the instruments.  The ICSDs reflect the reduction of the instruments as a result of the write-down in the accounts of their participants.  The ICSDs agree settlement instruction details (reconciliation of account data, amounts, etc.) for the new shares resulting from the conversion of the international bearer bonds with the bank/agent.34 For the technical implementation of the bail-in, the ICSDs conduct dif￾ferent technical scenarios (see Table 13). Each technical scenario co￾vers different measures in connection with the bail-in. Forwarded information  Information to the bank upon request about the reduction of the instruments as a result of the write-down (by e-mail);  information to the agent about the reduction of the instruments as a result of the write-down via SWIFT;  information to the Common Depositories/Common Service Providers about the reduction of the instruments as a result of the write-down via SWIFT;  information to the participants about the reduction of the in￾struments as a result of the write-down via SWIFT and additional channels, if necessary. Task table 30: Reflection of the write-down in participants’ accounts by ICSDs

34 See also SRB document “Reflecting bail-in in the books of the International Central Securities Depositories (ICSDs)” under:
https://www.srb.europa.eu/en/content/srb-issues-new-guidance-bail-international-debt-securities.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109127 of 305 199 Analogous to the domestic process of the external bail-in implementation, there are four technical scenarios for international bearer bonds in the ICSD context.35 A distinction is made between the technical scenarios A, B, C and D. Technical scenario A is the counterpart to technical scenario 4 of the domestic process. Tech￾nical scenario B corresponds to technical scenario 6, scenario C corresponds to scenario 3, and scenario D with scenario 5 (see also Chapter V.2.12).36 The table below shows the mapping of the technical scenarios of the “ICSD Add-On” to the technical scenarios of the domestic bail-in implementation:
Technical scenario:
ICSD bail-in implementa￾tion
Description
Technical scenario:
domestic bail-in imple￾mentation
Description
A
Full reduction of the nominal value of the international bearer bonds (XS bonds) without conversion into new shares 4 4 without PF: Full reduction of the nominal value of the percentage-quoted unstructured bearer bonds without conversion into new shares 4 with PF: Full reduction of the pool factor of the percentage-quoted unstructured bearer bonds with￾out conversion into new shares B B without PF: Partial reduction of the nominal value of the international bearer bonds (XS bonds) without con￾version into new shares B with PF: Partial reduction of the pool factor of the international bearer bonds (XS bonds) without conversion into new shares 6 6 without PF: Partial reduction of the nominal value of the percentage-quoted unstructured bearer bonds without conversion into new shares 6 with PF: Partial reduction of the pool factor of the percentage-quoted unstructured bearer bonds without conversion into new shares C Full reduction of the nominal value of the international bearer bonds (XS bonds) without conversion into new shares 3 Full reduction of the nominal value/pool factor of the percentage-quoted unstructured bearer bonds with conversion into new shares 3a with/without PF: Full reduction of the percent￾age-quoted unstructured bearer bonds by the full conversion into new shares 3b with/without PF: Full reduction of the percent￾age-quoted unstructured bearer bonds by the combi￾nation of write-down and conversion into new shares D D without PF: Partial reduction of the nominal value of the international bearer bonds (XS bonds) with conver￾sion into new shares D with PF: Partial reduction of the pool factor of the international bearer bonds (XS bonds) with conversion into new shares 5 Partial reduction of the nominal value/pool fac￾tor of the percentage-quoted unstructured bearer bonds with conversion into new shares 5a with/without PF: Partial conversion of percent￾age-quoted unstructured bearer bonds into new shares 5b with/without PF: Combination of write-down and partial conversion of percentage-quoted un￾structured bearer bonds into new shares
Table 12: Mapping of technical scenarios – “ICSD Add-On” and domestic implementation

35 For technical scenarios of the ICSD bail-in implementation, see also the SRB document “Reflecting bail-in in the books of the International Central Securities Depositories (ICSDs)” under: https://www.srb.europa.eu/en/content/srb-issues-new-guid￾ance-bail-international-debt-securities. 36 Banks usually issue mainly the international bearer bonds (XS bonds) via the two International Central Securities Deposito￾ries. Therefore, no technical scenarios for the cancellation and conversion of shares (technical scenarios 1 and 2 of the do￾mestic bail-in implementation) exist in the “ICSD Add-On”.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109128 of 305 199 Note 1: It should be noted that in the ICSD context, in contrast to the domestic bail-in implementation, a full reduction of bearer bonds by means of the pool factor is not possible. If a bearer bond has to be re￾duced in full, its nominal value is set to zero in the systems of the ICSDs and, if necessary, a cancellation or complete derecognition from the system takes place at a later point in time. For this reason, scenarios A and C do not differentiate between reduction with or without a pool factor. Note 2: In the systems of the ICSDs, no differentiation is made between percentage and unit quotation. All international bearer bonds are maintained with their outstanding principal amounts and pool factors. Below are the technical scenarios for percentage-quoted structured bearer bonds. Technical scenarios for the bail-in implementation by the ICSDs No. Technical scenario Summary of technical process A Vollständige NW-Re￾duzierung (XS bonds) OHNE Umwandlung in neue Aktien Full write-down: full re￾duction of nominal (XS bonds) WITHOUT con￾version Full reduction of the nominal value of the international bearer bonds (XS bonds) without conversion into new shares Full reduction (write-down) of the nominal values of the affected in￾ternational bearer bonds. The write-down percentage for scenario A is always 100%. The reduction of the international bearer bonds in the systems of the ICSDs and the reflection of the reduction in the accounts of the participants takes place on the technical record date. The ICSDs set the outstanding principal amount of the affected inter￾national bearer bonds in their system to zero. A complete derecogni￾tion of the international bearer bonds from the system takes place at a later point in time.37 Please note: Scenario A is the counterpart to the technical scenario 4 of the domestic bail-in implementation (see also Chapter V.2.12).

37 The complete derecognition of the international bearer bonds from the systems of the ICSDs usually takes place 3 weeks after the full reduction.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109129 of 305 199 Technical scenarios for the bail-in implementation by the ICSDs No. Technical scenario Summary of technical process B Teilweise NW/Pool￾faktor-Reduzierung (XS bonds) OHNE Umwandlung in neue Aktien Partial write-down: par￾tial reduction of nomi￾nal or pool factor (XS bonds) WITHOUT con￾version Partial reduction of the nominal value/the pool factor of the in￾ternational bearer bonds (XS bonds) without conversion into new shares Partial reduction (write-down) of the nominal value/pool factor of the affected international bearer bonds according to the total reduction rate (equals the write-down percentage). The write-down percent￾age for scenario B is always less than 100%. The reduction of the international bearer bonds in the systems of the ICSDs and the reflection in the accounts of the participants take place on the technical record date. For scenario B, a distinction is made according to whether the reduc￾tion takes place with or without a pool factor:
B without PF: Partial reduction of the outstanding principal amount in the systems of the ICSDs due to the write-down. B with PF: Partial reduction of the pool factor in the systems of the ICSDs due to the write-down. Please note: Scenario B is the counterpart to the technical scenario 6 of the domestic bail-in implementation.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109130 of 305 199 Technical scenarios for the bail-in implementation by the ICSDs No. Technical scenario Summary of technical process C Vollständige NW-Re￾duzierung (XS bonds) MIT Umwandlung in neue Aktien Full conversion: full re￾duction of nominal (XS bonds) AND delivery of new instruments Full reduction of the nominal value of the international bearer bonds (XS bonds) with conversion into new shares Full reduction (through write-down and conversion) of the nominal value of the affected bearer bonds taking into account the total re￾duction rate. The total reduction rate is the sum of the write-down percentage and the conversion percentage. The total reduction rate for scenario C is always 100%. The new shares are technically generated by the do￾mestic central securities depository (CBF) and transmitted to the ICSDs (see task 12 – "ICSD Add-On"). The reduction of the international bearer bonds in the ICSDs' systems and the recording of the new shares in the participants' accounts take place simultaneously on settlement day (see process task VIII). It should be noted that the reduction can take place, on the one hand, through the full conversion of the international bearer bonds into new shares and, on the other hand, through the combination of write-down and conversion. Due to the full reduction, the ICSDs reduce the outstanding principal amount in their system to zero. In addition, a complete derecognition of the international bearer bonds from the system may take place at a later point in time.38 Please note: Scenario C is the counterpart to scenario 3 of the do￾mestic bail-in implementation.

38 The complete derecognition of the international bearer bonds from the systems of the ICSDs usually takes place 3 weeks after the full reduction.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109131 of 305 199 Technical scenarios for the bail-in implementation by the ICSDs No. Technical scenario Summary of technical process D Teilweise NW/Pool￾faktor-Reduzierung (XS bonds) MIT Um￾wandlung in neue Ak￾tien Partial conversion: par￾tial reduction of nomi￾nal or pool factor (XS bonds) AND delivery of new instruments Partial reduction of the nominal value/the pool factor of the in￾ternational bearer bonds (XS bonds) with conversion into new shares Partial reduction (write-down and conversion) of the nominal value/ pool factor of the affected international bearer bonds taking into ac￾count the total reduction rate. The total reduction rate is the sum of the write-down percentage and the conversion percentage. The total reduction for scenario D is al￾ways less than 100%. The new shares are technically generated by the domestic central se￾curities depository (CBF) and transmitted to the ICSDs (see task 12 – "ICSD Add-On"). The reduction of the international bearer bonds in the ICSDs' systems and the recording of the new shares in the participants' accounts take place simultaneously on settlement day (see process task VIII). For scenario D, a differentiation is made as to whether the reduction is made with or without a pool factor. In addition, it should be noted that the partial reduction can take place, on the one hand, through the partial conversion of the international bearer bonds into new shares and, on the other hand, through the combination of write￾down and conversion:
D without PF: Partial reduction of the outstanding principal amount in the systems of the ICSDs. D with PF: Partial reduction of the pool factor in the systems of the ICSDs. Please note: Scenario D is the counterpart to scenario 5 of the do￾mestic bail-in implementation.
Table 13: Technical scenarios for the ICSDs (international BBs)

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109132 of 305 199 Task 12: “ICSD Add-On” – booking of bail-in in participants’ accounts Task owner Domestic Central Securities Depository (CBF) Source of information In addition to the sources of information listed in task 12 of the domestic bail-in implementation, this process task is based on the following infor￾mation:
 Information received from the bank/agent on the total number of new shares resulting from the conversion of international bearer bonds and to be transmitted to the ICSDs (see task 10 – "ICSD Add-On"). Time of implementation T+5 Task implementation In addition to the activities listed in task 12 of the domestic bail-in imple￾mentation, the domestic central securities depository (CBF) books the new shares resulting from the conversion of the international bearer bonds in the accounts of the ICSDs. If the technical conversion ratio contains frac￾tional amounts, the CSD only books the full shares into the accounts of the ICSDs. The fractional amounts will be rounded down (see background information on the handling of fractional amounts in Chapter V.2.13). Forwarded information In addition to Task 12 of the domestic bail-in implementation, the CBF submits the following information:
 Informing the ICSDs of the recording of the new shares resulting from the conversion of international bearer bonds in their ac￾counts (via the CSD’s systems);  Informing the bank/agent of the recording of the new shares in the accounts of the ICSDs by e-mail;  Informing the resolution authority of the recording of the new shares in the accounts of the ICSDs by e-mail. Task table 31: Booking of bail-in in participants’ accounts by CBF – “ICSD Add-On”

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109133 of 305 199 Task VIII: Reflection of the write-down and conversion in participants’ ac￾counts Task owner ICSDs Source of information  Mark-down instructions received from the Common Deposito￾ries/Common Service Providers (process task VI);  new shares received from the domestic central securities de￾pository (CBF) resulting from the conversion of international bearer bonds (task 12 – "ICSD Add-On"). Time of implementation T + 5 (settlement date) Task implementation  Based on the mark-down instructions received from the Common Depositories/Common Service Providers, the ICSDs implement the reduction as a result of the write-down in combination with conversion or the conversion alone of international bearer bonds in their systems.  At the same time, ICSDs record the new shares received from the domestic central securities depository (CBF) in the accounts of their participants. Forwarded information  Information to the domestic central securities depository (CBF) of the receipt of new shares (via the ICSDs' systems);  information to the bank/agent on request of the reduction of the instruments and about the booking of new shares in the accounts of the participants of the ICSDs by e-mail;  information to the participants about the recording of new shares in their accounts via SWIFT and additional channels, where applicable. Task table 32: Reflection of write-down and conversion in participants’ accounts by ICSDs

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109134 of 305 199 Task 20: “ICSD Add-On” – Information on handling of suspended payments Task owner Bank/agent Source of information In addition to the sources of information listed in task 20 of the domestic bail-in implementation, this process task is based on the following infor￾mation:
 Positive list for suspension of payments (MS Excel list) submit￾ted by the resolution authority with international bearer bonds or XS-ISINs affected by the bail-in (task 1 – “ICSD Add-On”);  where applicable, the correcting notification submitted by the bank/agent to the resolution authority for the positive list of in￾ternational bearer bonds affected by the bail-in for suspension of payments (task 5 – “ICSD Add-On”);  information of the suspended payments submitted by the ICSDs upon request, if necessary (Process task III). Time of implementation T+5 Task implementation In addition to the activities listed in task 20 of the domestic bail-in imple￾mentation, the bank/its agent prepares, if relevant, a notification in the form of an e-mail to the ICSDs and the CDs/CSPs with detailed infor￾mation on how to deal with previously suspended payments. Forwarded information In addition to Task 20 of the domestic bail-in implementation, the bank/agent submits the following information:
 Forwarding of the information on the handling of previously sus￾pended payments to the ICSDs and in copy to the CDs/CSPs by e-mail;  information to the resolution authority of the forwarding of the notification on the handling of suspended payments to the ICSDs by e-mail. Task table 33: Information on handling of suspended payments – “ICSD Add-On”

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 135 of 305 Background information:
Handling of suspended payments (interest and principal) – “ICSD Add￾On” The bank will (after reflection of the bail-in in the systems and accounts of the market participants) inform the ICSDs by e-mail about the handling of previously suspended payments. When informing on the handling of suspended payments, the bank must note that for all international bearer bonds affected by the bail-in, the payments must be recalculated taking into account the write-down and conversion percentages pub￾lished in the resolution order.Resolution Order. For each instrument for which interest payments have been suspended as part of the bail-in, the following NNA (WM Datenservice) data fields must be included in the notification:
 ISIN (NNA-field: GD622),
 start date of the interest period (NNA-Field: ED024A),  end date of the interest period (NNA-Field: ED025A),  coupon as of (NNA-Field: ED031),  payment date (NNA-Field: ED021),  ex-coupon date (NNA-Field: ED007),  record date (NNA-Field: ED020),  total dividend/income (NNA-Field: ED008A),  number of interest days (NNA-Field: ED300),  dividend/income currency (NNA-Field: ED011),  dividend/income % (NNA-Field: ED032). With regard to previously suspended principal payments, the following NNA data fields are to be provided. A distinction must be made between two cases:
3) in the case of partial redemptions (pool factor or nominal value changes):
 ISIN (NNA-field: GD622),
 maturity date (NNA-Field: VD009),
 payment date (NNA-Field: VD010),
 pool factor after redemption (NNA-Field: VD099),  nominal value after redemption (NNA-Field: VD062),  record date (NNA-Field: VD048).
4) for all other types of repayment (e.g., in the case of early termination or scheduled total repayment of
the nominal value at maturity):
 ISIN (NNA-field: GD622),
 maturity date (NNA-Field: VD009),
 payment date (NNA-Field: VD010),
 redemption value (NNA-Field: VD013C).
In addition to the information listed, the ICSDs are to be notified of the respective write-down and conver￾sion percentages applied by the bank for recalculation of payments. The currency in which the payments are to be made must also be indicated.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 136 of 305
4. Sample templates for the documents from the bank for bail-in execution
This chapter provides guidance on the documents to be submitted by the bank and/or its agent to different actors as part of the resolution measure. While sub-chapter 4.1 is dedicated to the domestic bail-in imple￾mentation, sub-chapter 4.2 addresses the ICSD bail-in implementation. The two sub-chapters are structured as follows:
4.1 Sample templates for the documents from the bank to the domestic actors
4.1.1 Instruction letter and supporting documents
4.1.1.1 Instruction letter
4.1.1.2 Annex I – Operational guidelines
4.1.1.3 Annex II.1 – Detailed list of instruments for instruments of ownership and unstruc￾tured bearer bonds
4.1.1.4 Annex II.2 – Detailed list of instruments for percentage-quoted structured bearer
bonds
4.1.2 Sample template for the “simplified listing application“
4.2 Sample templates for the documents from the bank – “ICSD Add-On”
4.2.1 Instruction letter and supporting documents – “ICSD Add-On”
4.2.1.1 Instruction letter – “ICSD Add-On”
4.2.1.2 Annex I – Operational guidelines – “ICSD Add-On”
4.2.1.3 Annex II – Detailed list of instruments – “ICSD Add-On”
The templates or samples for the documents will be provided to the institutions in common formats upon request as part of the resolution planning activities. Sample templates for the documents from the bank to domestic actors This sub-chapter contains sample templates for the instruction letter and the supporting documents of the bank to domestic actors (Annex I and II). With the instruction letter, the bank or, if applicable, its agent in￾structs the CSD to implement the bail-in as required in the resolution order.Resolution Order. The instruc￾tion letter refers to its supporting documents, i.e. the operational guidelines (Annex I) and the detailed list of instruments (Annex II), which provide details on the bail-in as described in the resolution order.Resolution Order. In addition, the instruction letter and the supporting documents are also provided to the NNA. Please note: Different technical scenarios (see Table 9 and Table 10) may apply as part of the resolution ac￾tion. For each technical scenario, an Annex I and Annex II must be prepared. Regardless of the number of scenarios and thus the number of annexes, however, only one instruction letter is to be submitted by an in￾stitution.
4.1.1 Instruction letter and the supporting documents for bail-in execution
4.1.1.1 Instruction letter for bail-in execution
A template for an instruction letter39 of the bank to the CBF and WM Datenservice is given below.

39 The power of representation to sign the instruction letter must be regulated by the bank in an appropriate manner.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 137 of 305 Instruction Letter for the implementationExecution of the Resolution Order from the [Bank] / [Agent] to CBF and WM Datenservice To:
Clearstream Banking AG
Management Board
Mergenthalerallee 61
65760 Eschborn
By e-mail in advance: bail-in@clearstream.com
By e-mail in advance: CAGermany@clearstream.com Copy to:
WM Datenservice
Düsseldorfer Strasse 16
60329 Frankfurt am Main
By e-mail in advance: WM-BRRD-BAIL-IN@wmdaten.com Dear Sir/Madam, [we hereby ask you] [we contact you in our capacity as issuer’s agent of the Bank]40 to execute, the write￾down and conversion pursuant to Article 21 of the SRMR in conjunction with section 89 of the SAG and of the bail-in pursuant to Article 27 of the SRMR in conjunction with section 90 of the SAG, provided under the resolution orderResolution Order [mandated by the Federal Financial Supervisory Authority (BaFin) on [date] and published on its website at:
(“BaFin publication web address”)]
41
[implementing the Decision of the Single Resolution Board as of [date] concerning the adoption of the resolution scheme in respect of [institution under resolution], adopted by the Federal Financial Supervisory Authority (BaFin) on [date] and published on its website at: (“BaFin publication web address”)] 42 . The details regarding the execution of the write-down and conversion, including the list of the relevant in￾struments, are hereby attached to this letter as annexes. Your contact person[s] in charge of the execution of the write-down and conversion at [institution under resolution] [is/are] [Title, Mr/Ms XXX, Phone xxx, E-Mail xxx]. This letter contains the following Annexes:
 Annex 1 – Operational guidelines
 Annex 2 – Detailed list of instruments
Kind regards,
[Signature 1] [Signature 2]

40 Name of the institution under resolution if the instruction letter is drafted by the agent. 41 Text module – variant 1: This text module is to be used if the institution is under the direct responsibility of the national res￾olution authority (BaFin). 42 Text module – variant 2: This text module is to be used if the institution is under the direct responsibility of the Single Reso￾lution Board (SRB).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109138 of 305 199
4.1.1.2 Annex I – Operational guidelines for bail-in execution
The operational guidelines provide detailed technical information on the cancellation, write-down and/or conversion of instruments. They are prepared by the bank or, if applicable, its agent in consultation with the CSD and the NNA and attached as appendices to the instruction letter. The operational guidelines are addi￾tionally published on the website of the institution under resolution and/or, if applicable, its agent, and thereby inform market participants on the implementation of the bail-in and the implications on the af￾fected instruments. A template for the operational guidelines with regard to the technical scenarios 1 to 6 and a guidance for the different fields are provided below. Please note: For each technical scenario, a separate document (operational guidelines) has to be prepared. Background information and explanatory notes on the individual fields to be filled in the operational guide￾lines can be found in Table 14.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109139 of 305 199 Operational Guidelines for the implementation of the resolution orderResolution Order published on DD.MM.YYYY (Scenarios 1 to 6) -- Name of the issuer-- -- Name of the security(ies) -- -- ISIN / see also Annex II -- ______________________________________________________ Name -- Name of the bank/issuer ---- CBF Account Affected ISIN List of all ISIN Codes according to the detailed list of instruments Scenario applicable to the affected ISIN￾Codes --please delete the non-relevant scenarios--

1. Cancellation of old shares WITHOUT conversion into new shares
2. Cancellation of old shares WITH conversion into new shares
   3.a. Unstructured bearer bonds (percentage- and unit-quoted): Full nominal value/pool factor reduction with cancellation of old bonds WITH conversion into new shares Structured bearer bonds (percentage- and unit-quoted): Full reduction of structured bearer bonds WITH conversion into new shares 3.b. Unstructured bearer bonds (percentage- and unit-quoted): Full nominal value/pool factor reduction of the unstructured bearer bonds (split into “to be converted” and “worthless withdrawal”) with derecognition of old bonds WITH conversion into new shares PercentageStructured bearer bonds (percentage- and unit-quoted struc￾tured bearer bonds:): Full reduction of the percentage-quoted structured bearer bonds WITH conversion into new shares
3. Unstructured bearer bonds (percentage- and unit-quoted): Full nominal
   value/pool factor reduction of the unstructured bearer bonds without derecogni￾tion of old bonds WITHOUT conversion into new shares Percentage-quoted structuredStructured bearer bonds: (percentage- and unit-quoted): Full reduction of the percentage-quoted structured bearer bonds WITHOUT conversion into new shares 5.a. Unstructured bearer bonds (percentage- and unit-quoted): Partial nominal value/pool factor reduction of the unstructured bearer bonds with partial derec￾ognition of old bonds WITH conversion into new shares Percentage-quoted structuredStructured bearer bonds: (percentage- and unit-quoted): Partial reduction of the percentage-quoted structured bearer bonds WITH conversion into new shares

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109140 of 305 199 5.b. Unstructured bearer bonds (percentage- and unit-quoted): Nominal value/pool factor reduction with partial cancellation of old bonds WITH conver￾sion into new shares Structured bearer bonds (percentage- and unit-quoted): Partial reduction of structured bearer bonds WITH conversion into new shares
6. Unstructured bearer bonds (percentage- and unit-quoted): Partial nominal
value/pool factor reduction of the unstructured bearer bonds with partial derec￾ognition of old bonds WITHOUT conversion into new shares Percentage-quoted structuredStructured bearer bonds: (percentage- and unit-quoted): Partial reduction of the percentage-quoted structured bearer bonds WITHOUT conversion into new shares Technical booking, and conversion and exercise ratios List of technical booking, and conversion and exercise ratios according to a de￾tailed list of instruments for bail-in execution. If the operational scenario com￾prises a large amount of ISINs, please refer to the detailed list of instruments (Annex II) Explanation where applicable, explanatory comments regarding the calculation of the tech￾nical booking ratio and conversion ratios Pool factor (old) List of pool factors (old) according to detailed list of instruments (if applicable). If the operational scenario comprises a large amount of ISINs, please refer to the detailed list of instruments (Annex II) Pool factor (new) List of pool factors (new) according to detailed list of instruments (if applicable). If the operational scenario comprises a large amount of ISINs, please refer to the detailed list of instruments (Annex II) ISIN for new shares ISIN Code for new shares created by conversion (according to WM Datenservice) Effective date of sus￾pension of trading DD.MM.YYYY (to be entered in consultation with the exchange(s)) Effective date of set￾tlement blocking DD.MM.YYYY (according to CBF) Treatment of pay￾ments (interest and principal) General information on treatment of accrued interest and (partial) principal pay￾ments/redemptions Publication Website of issuer/bank and BaFin and any additional websites CBF Record Date according to CBF CBF Settlement Date according to CBF Treatment of open transactions according to CBF compensation rules; where applicable, settlement blocking should be taken into consideration Treatment of frac￾tional amounts Information on treatment of fractional amounts. If the technical conversion ratio contains fractional shares (partial rights) and the resolution orderResolution Order does not provide for rounding down at the level of the individual instrument, it should be stated in this field that the CBF and the custodian banks have to round down fractional amounts (final amounts) per participant. xxx Placeholder for additional information from agent

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109141 of 305 199 The following table explains the information to be provided within operational guidelines:
Information to be provided in the operational guidelines (see template above) Information Explanatory notes Name Name of the institution under resolution which is responsible for elaborating the instruction letter and supporting documents or, if applicable, its agent. CBF Account Account of the institution under resolution at CBF. Affected ISIN ISINs of instruments affected by the bail-in. Listing of all ISINs of the instru￾ments for which the same technical scenario applies. If several instruments or ISINs are affected, reference to Annex II (detailed list of instruments) can be made. Scenarios applicable to the affected ISIN Codes The technical scenario to be applied for the ISINs listed in the field above has to be stated in this field. To be entered in consultation with CSD. It should be noted that the technical scenario designations are different for unstructured bearer bonds (unit and percentage-quoted) and percentage-quoted struc￾tured bearer bonds. A distinction between 3a/3b and 5a/5b must be made in technical scenarios 3 and 5. Technical booking, and conversion and exercise ratios Information on the technical booking, and conversion and exercise ratios for the technical scenario. If several instruments are affected, reference to Annex II can be made. Explanation Where applicable, explanations to the calculation of the technical booking ra￾tio and conversion ratios, e.g. information on the components considered such as exchange rate, accrued interest, pool factors. If several instruments are affected, reference to Annex II (detailed list of instruments) can be made. Pool factor (old) Pool factor as of the request date. Pool factor (new) New pool factor, valid as of the effective date of resolution. ISIN for new shares ISIN (provided by NNA in task 4), which is used for the new shares. Field is required only for the technical scenarios 2, 3 and 5. Effective date of suspen￾sion of trading DD.MM.YYYY: where applicable, date of the suspension of trading (infor￾mation provided in task 2). The field is to be completed in consultation with the exchange(s), i.e. if the instrument is listed on several exchanges, the date of suspension of trading on each exchange is to be entered in this field. Effective date of settle￾ment blocking DD.MM.YYYY: where applicable, date of the blocking of settlement. To be en￾tered in consultation with CSD (information provided in task 3).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109142 of 305 199 Information to be provided in the operational guidelines (see template above) Information Explanatory notes Treatment of payments (interest and principal) General information on the treatment of payments (interest and principal). If applicable, an indication on further handling of coupon and (partial) princi￾pal payments to be suspended during the technical bail-in implementation. If possible, indicate the date on which further information on the treatment of suspended payments will be communicated. In addition, indicate that the interest has been taken into account in the tech￾nical conversion ratio. Publication Websites on which information regarding the bail-in are available, i.e. web￾site of BaFin, where the resolution orderResolution Order is published; and websites of the institution under resolution and/or its agent, if applicable, where the operational guidelines are published. CBF Record Date Date on which the bail-in is implemented technically in the systems of the CSD. To be entered in consultation with CSD. CBF Settlement Date Date on which the settlement of a business transaction (delivery and pay￾ment) occurs. To be entered in consultation with CSD. Treatment of open trans￾actions See entry in the relevant field of the template for the operational guidelines given above (”according to CBF compensation rules; where applicable, settle￾ment-blocking should be taken into consideration”). Treatment of fractional amounts See entry in the relevant field of the template for the operational guidelines given above. If a conversion of instruments into new shares is requested in the resolution orderResolution Order, the technical conversion ratio includes fractional amounts of shares, and the resolution orderResolution Order does not fore￾see a rounding down to full amounts, then the central securities depository and the custodian banks round down the fractional amounts (final amounts) per participant/client. See also background information on handling of frac￾tional amounts in Chapter V.2.13. xxx Placeholder for additional information.
Table 14: Explanatory notes, operational guidelines – domestic bail-in implementation

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109143 of 305 199
4.1.1.3 Annex II.1 – Detailed list of instruments for instruments of ownership and, un￾structured bearer bonds and money market instruments
The detailed list of instruments contains specific information for each ISIN affected by the bail-in. The in￾formation is necessary for the NNA and the CSD to implement the bail-in technically. The detailed list of in￾struments is provided as MS Excel file. For each technical scenario (scenarios 1 to 6), a separate spreadsheet is to be used within the MS Excel file. A template for the detailed list of instruments is provided to the insti￾tutions as part of the resolution planning activities on request. Note that for structured bearer bonds, a sep￾arate detailed list of instruments must be provided for each technical scenario. This is explained in Chapter V.4.1.1.4. Conventions for instruments of ownership and, unstructured bearer bonds and money market instruments:

• All value declarations in the detailed list of instruments are listed with decimal places. The decimal
  places must be rounded down. With regard to the number of decimal places, the following conven￾tions are to be followed:
• Column “Outstanding Number of Shares”: whole number (integer, no decimal places)
• Column “Denominator of the exchange ratio […]”: 7 decimal places
• Column “Outstanding Aggregate Principal Amount […]”:(old)”: 2 decimal places
• Column “Outstanding Aggregate Principal Amount (new)”: 2 decimal places
• Column “Denomination (old)”: 2 decimal places
• Column “Pool factor (old)”: 9 decimal places
• Column “Total reduction of Denomination (old) in %”: 7 decimal places
• Column “Denomination (new)”: 2 decimal places
• Column “Pool factor (new)”: 9 decimal places
• Column “Worthless withdrawal of Denomination (old) in %”: 7 decimal places
• Column “Numerator of the booking ratio […]”: 2 decimal places
• Column “Denominator of the booking ratio […]”: 72 decimal places
• Column “Conversion percentage of Denomination (old) […]”: 7 decimal places
• Column “Numerator of the conversion ratio […]”: 2 decimal places
• Column “Denominator of the conversion ratio […]”: 7 decimal places
• The pool factor is expressed as a number and not as a percentage, e.g. 50 for 50%.
• Date format: DD.MM.YYYY
• No blank characters in the cells
• If a field is not relevant, it has to be filled with ”n.a”.
• In the number representation, a point is to be used as a thousand separator and a comma as a dec￾imal separator (e.g. 1.000,00).
  The tables below include examples of the technical scenarios 1 to 6 and explanatory notes to the fields to be filled. Note 1: Notwithstanding the fact that in the detailed list of instruments the outstanding nominal value of the bearer bond per unit is to be indicated in the column "Denomination (old)" with 2 decimal places, when calculating the number of new shares, the outstanding nominal value must be applied with the maximum possible number of decimal places. Note 2: When filling in the detailed list of instruments, the institution must note that for secured liabilities, the operational write-down and conversion percentages must be entered in the columns "Worthless with￾drawal of denomination (old) in %" and "Conversion percentage of denomination (old) [...]" (see background information in this chapter and Table 2531). In particular, the assignment of instruments to the technical sce￾narios must be taken into account. For filling in the column "Denominator of the conversion ratio [...]" and the derivation of the technical conversion ratio, see Table 2632.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 109144 of 305 199 Note 3: It should be noted that the resolution orderResolution Order may provide for the number of new shares resulting from the conversion to be rounded down to a full amount (e.g. from 221,6 shares to 221 shares). The rounding off always takes place at the level of the individual liability, e.g. in the case of securities at the unit level. In this case, the CSD and the custodian banks do not have to round down the fractional amounts (final amounts) per participant (see background information in Chapter V.2.13). The bank must con￾sider that the number of new shares rounded down to a full amount with 7 decimal places (e.g. 221,0000000) must be entered in the column "Denominator of the conversion ratio [...]" of the detailed list of instruments. If, as a result of rounding down, the number of shares is zero and the technical scenario is 3 (full reduction with conversion), the corresponding instruments are to be allocated to technical scenario 4 (full reduction without conversion). In the case of technical scenario 5 (partial reduction with conversion), the instruments are to be assigned to technical scenario 6 (partial reduction without conversion). See also Figure 12. Note 4: It should be taken into account that the effective conversion rate specified in the resolution orderRes￾olution Order (see also background information in this chapter) can be zero for some ranks of the bail-in sequence. Regardless of the level of the conversion percentage, no new shares will be allocated to the instru￾ments of the corresponding ranks in this case. If these instruments are reduced in full by conversion or con￾version in combination with write-down (technical scenario 3), they are to be assigned to technical scenario 4 (full reduction without conversion). If the instruments are partially reduced by conversion or conversion in combination with write-down (technical scenario 5), these are to be assigned to technical scenario 6 (partial reduction without conversion).43 See also Figure 12.
Figure 812: Treatment of special cases – mapping instruments to technical scenarios
Note 5: The following tables do not contain examples for unit-quoted unstructured bearer bonds. The expla￾nations on how to fill in the detailed list of instruments for unit-quoted unstructured bearer bonds can be found in Table 27. Note 6: For reasons of simplification, the information in the following tables deviates in part from the decimal place conventions stated above.

43 The resolution authority reserves the right to coordinate with the bank, in a resolution case, the technical treatment of fur￾ther special cases not described herein.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 145 von 305 Scenario 1: Cancellation of old shares WITHOUT delivery of new shares ISIN of the instruments affected by Bail-in (shares) CBF Record -Date Outstanding Number of Shares according to Global Certificate/Global Note Total reduction of old Number of Shares in % (always 100%) Scenario ISIN 05.12.2020 5.000.000.000 100 1
Table 15: Excerpt detailed list of instruments for instruments of ownership – scenario 1
Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 146 of 305 Information to be provided within the detailed list of instruments for technical scenario 1 Information Explanatory notes ISIN (Stammgattung Aktien) ISIN of the instruments affected by Bail-in (shares) ISIN of shares affected by the bail-in. CBF Stichtag der Maßnahme CBF Record Date Date on which the bail-in is implemented technically in the systems of the CSD. To be entered in consultation with CSD. Nominal der Globalurkunde in Stück Emissionsstückzahl Outstanding Number of Shares according to Global Certifi￾cate/Global Note CurrentOutstanding number of old shares actually in circulation according to the global certificate for the respective ISIN. WM data field GD779 [Outstanding number of shares]. Reduzierung in % Total reduction of old Number of Shares in % (always 100%) Percentage of old shares (per ISIN) which are to be cancelled according to resolu￾tion orderResolution Order. This field is always to be filled with 100% for technical scenario 1. Szenario Scenario Indicate technical scenario “1”.
Table 16: Explanatory notes, detailed list of instruments for instruments of ownership – scenario 1

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 147 of 305 Scenario 2: Cancellation of old shares WITH delivery of new shares ISIN of the instru￾ments affected by Bail-in (shares) CBF Record -Date CBF Settlement - Date Outstanding Number of Shares according to Global Certificate/Global Note Total reduction of old Number of Shares in % (always 100%) Numerator of the ex￾change ratio (debit of old shares/credit of new shares) Denominator of the exchange ratio (debit of old shares/credit of new shares) ISIN for new shares Scenario ISIN 05.12.2020 0706.12.2020 5.000.000.000 100 1 1,5 ISIN 2
Table 17: Excerpt detailed list of instruments for instruments of ownership – scenario 2
Eingefügte Zellen
Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 148 of 305 Information to be provided within the detailed list of instruments for technical scenario 2 Information Explanatory notes ISIN (Stammgattung Aktien) ISIN of the instruments affected by Bail-in (shares) ISIN of shares affected by the bail-in. CBF Stichtag der Maß￾nahme CBF Record Date Date on which the bail-in is implemented technically in the systems of the CSD. To be entered in consultation with CSD. CBF Erfüllungstag CBF Settlement Date Date on which the settlement of a business transaction (delivery and payment) occurs. This date may not be more than maximum one day after the CBF record date. To be entered in consultation with CSD. Nominal der Globalurkunde in Stück Emissionsstückzahl Outstanding Number of Shares according to Global Certificate/ Global Note CurrentOutstanding number of old shares actually in circulation according to the global certificate for the respective ISIN. WM data field GD779 [Outstanding number of shares]. Reduzierung in % Total reduction of old Number of Shares in % (always 100%) Percentage of old shares (per ISIN) which are to be cancelled according to reso￾lution orderResolution Order. This field is always to be filled with 100% for technical scenario 2. Technisches Umbu￾chungsverhältnis Zäh￾ler (Ausbuchung von Aktien) Numerator of the ex￾change ratio (debit of old shares/credit of new shares) If the resolution orderResolution Order envisages the cancellation of old shares and delivery of new shares, this field includes the numerator of the technical bookingexchange ratio (1 old share : x,xxx new shares), i.e. 1 is the number of old shares to be converted into new shares. The numerator is always 1. Technisches Umbu￾chungsverhältnis Nen￾ner (Einbuchung von Aktien) Denominator of the ex￾change ratio (debit of old shares/credit of new shares) If the resolution orderResolution Order envisages the cancellation of old shares and delivery of new shares, this field includes the denominator of the technical bookingexchange ratio (1 old share : x,xxx new shares), i.e. the number of new shares for each old share has to be entered in this field.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execu￾tion Information to be provided within the detailed list of instruments for technical scenario 2 Information Explanatory notes Aktien ISIN-NEU ISIN for new shares ISIN for new shares (as provided by NNA in task 4). Szenario Scenario Indicate technical scenario “2”.
Table 18: Explanatory notes, detailed list of instruments for instruments of ownership – scenario 2

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 150 of 305 Scenario 3: Full reduction of nominal (percentage-quoted unstructured bonds) WITH delivery of new shares44 ISIN of the instruments affected by Bail-in CBF Record -Date CBF Settlement -Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note (old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool factorFactor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % Denomination (new) Pool factorFactor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ small￾est transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on Denomination (old) (Denomination (old))/small￾est transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares Unit of quotation Scenario45 ISIN 06.12.2020 0807.12.20 20 400.000.000 0
1.000 n.a. EUR 100 0 n.a. 0 n.a. n.a. 100 1.000 738,000 ISIN
percentage￾quoted 3a WO
PF/EUR
ISIN 06.12.2020 0807.12.20
20 400.000.000 0
1.000 n.a. DM 100 0 n.a. 0 n.a. n.a. 100 1.000 369,000 ISIN
percentage￾quoted 3a WO
PF/DM
ISIN 06.12.2020 0807.12.20
20
400320.000.0
00
0
1.000 0,8 EUR 100 n.a. 0 0 n.a. n.a. 100 1.000 594,000 ISIN
percentage￾quoted 3a WT
PF/EUR
ISIN 06.12.2020 0807.12.20
20
400320.000.0
00
0
1.000 0,8 DM 100 n.a. 0 0 n.a. n.a. 100 1.000 297,000 ISIN
percentage￾quoted 3a WT
PF/DM
ISIN 06.12.2020 0807.12.20
20 400.000.000 0
1.000 n.a. EUR 100 0 n.a. 40 n.a. n.a. 60 1.000 442,800 ISIN
percentage￾quoted 3b WO
PF/EUR
ISIN 06.12.2020 0807.12.20
20 400.000.000 0
1.000 n.a. DM 100 0 n.a. 40 n.a. n.a. 60 1.000 221,400 ISIN
percentage￾quoted 3b WO
PF/DM
ISIN 06.12.2020 0807.12.20
20
400200.000.0
00
0
1.000 0,5 EUR 100 n.a. 0 40 n.a. n.a. 60 1.000 226,800 ISIN
percentage￾quoted 3b WT
PF/EUR
ISIN 06.12.2020 0807.12.20
20
400200.000.0
00
0
1.000 0,5 DM 100 n.a. 0 40 n.a. n.a. 60 1.000 113,400 ISIN
percentage￾quoted 3b WT
PF/DM
WO: Without; WT: With; PF: Pool factorFactor; DM: German markDeutsche Mark (foreign currency)).

44 In all examples of scenario 3, aan effective conversion rate of 0,72, accrued interest of EUR 25 or DM 25 and the exchange rate of 0,5 EUR/DM were assumed. For reasons of simplification, it was also assumed that the accrued interest has already been adjusted by the pool factor. 45 The column "Scenario" is for information purposes only and not to be included in the detailed list of instruments. Eingefügte Zellen Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 151 of 305 Example: “3a WO PF/ EUR” stands for –- Scenario 3a WITHOUT Pool factorFactor and EUR as an issuance currency of the bond. Examples with a Pool factorFactor are marked in blue.
Table 18: Excerpt detailed list of instruments (unstructured BBs) – scenario 3

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 152 of 305 Scenario 4: Full reduction of nominal (unstructured bonds) WITHOUT delivery of new shares46 ISIN of the instruments affected by Bail-in CBF Record Date CBF Settlement Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note Denomination (old) Pool factor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % Denomination (new) Pool factor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ (amount of new shares) Denominator of the conversion ratio based on Denomination (old) (Denomination (old))/ (amount of new shares) ISIN for new shares Scenario47 ISIN 06.12.2020 08.12.2020 300.000.000 1.000 n.a. EUR 100 0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 4 WO PF/EUR ISIN 06.12.2020 08.12.2020 300.000.000 1.000 0,8 EUR 100 n.a. 0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. 4 WT PF/EUR WO: Without; WT: With; PF: Pool factor. Example: The abbreviation “4 WT PF/EUR” in the column “Scenario” stands for – Scenario 4 WITH Pool factor and EUR as an issuance currency of the bond. Examples with a Pool factor are marked in blue.
Table 19: Excerpt detailed list of instruments (percentage-quoted unstructured BBs) – scenario 4

46 In this scenario, the cases in foreign currency are not shown because no conversion into new shares takes place. The foreign currency or exchange rate is taken into account when determining the number of new shares. 47 The column "Scenario" is for information purposes only and not to be included in the detailed list of instruments.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 153 of 305 Scenario 5: Partial3: Full reduction of nominal (unit-quoted unstructured bonds) WITH delivery of new shares48 ISIN of the instruments affected by Bail-in CBF Record -Date CBF Settlement -Date Outstanding Aggregate Principal Amount accord- ing to Global Certifi- cate/Global Note(old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool factorFactor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % Denomination (new) Pool factorFactor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the Bookingbooking ratio based on total reduction (Denomination (old)/))/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on Denomination (old) (Denomination (old))/ smallest transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares Unit of quotation Scenario49 ISIN 06.12.2020 0807.12.2 020 300.0004 00.000 0
1.000 n.a. EUR 301
00
70
00 n.a. 0 1.000n.a. 700n.a. 30100 1 1.738,000
221,400
ISIN unit￾quoted
5a3a
WO
PF/EU
R
ISIN 06.12.2020 0807.12.2
020
300.0004
00.000
0
1.000 n.a. DM 301
00
70
00 n.a. 0 1.000n.a. 700n.a. 30100 1 1.369,000 110,700 ISIN unit￾quoted 5a3a WO PF/DM ISIN 06.12.2020 0807.12.2 020 300.0004 00.000 0
1.000 0,8 EUR 301
00 n.a
.
0,56 0 n.a. n.a. 30100 1 1.594,000
178,200
ISIN unit￾quoted
5a3a
WT
PF/EU
R
ISIN 06.12.2020 0807.12.2
020
300.0004
00.000
0
1.000 0,8 DM
301
00 n.a
.
0,56 0 n.a. n.a. 30100 1 1.297,000 89,100 ISIN unit￾quoted 5a3a WT PF/DM ISIN 06.12.2020 0807.12.2 020 300.0004 00.000 0
1.000 n.a. EUR 701
00
30
00 n.a. 40 1.000n.a. 300n.a. 3060 1.000 221,400442,800 ISIN unit￾quoted 5b3b WO PF/EU R ISIN 06.12.2020 0807.12.2 020 300.0004 00.000 0
1.000 n.a. DM 701
00
30
00 n.a. 40 1.000n.a. 300n.a. 3060 1.000 221,400110,700 ISIN unit￾quoted 5b3b WO PF/DM ISIN 06.12.2020 0807.12.2 020 300.0004 00.000 0
1.000 0,5 EUR 701
00 n.a
.
0,15 40 n.a. n.a. 3060 1.000 113,400226,800 ISIN unit￾quoted 5b3b WT PF/EU R

48 In this scenario, the cases in foreign currency are not shown because no conversion into new shares takes place. The foreign currency or exchange rate is taken into account when determining the number of new shares. In all examples of scenario 3, a examples, an effective conversion rate of 0,72, accrued interest of EUR 25 or DM 25 and thean exchange rate of 0,5 EUR/DM were0,5 was assumed. For reasons of simplification, it was also assumed that the accrued interest haswas already been adjusted byfor the pool factor. 49 The column "Scenario" is for information purposes only and not to be included in the detailed list of instruments. Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Gelöschte Zellen

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 154 of 305 ISIN 06.12.2020 0807.12.2 020 300.0004 00.000 0
1.000 0,5 DM
701
00 n.a
.
0,15 40 n.a. n.a. 3060 1.000 56,700113,400 ISIN unit￾quoted 5b3b WT PF/DM WO: Without; WT: With; PF: Pool factorFactor; DM: German markDeutsche Mark (foreign currency)). Example: “5b WT3a WO PF/ DMEUR” stands for –- Scenario 5b WITH3a WITHOUT Pool factorFactor and DMEUR as an issuance currency of the bond. Examples with a Pool factorFactor are marked in blue.
Table 20: Excerpt detailed list of instruments (unit-quoted unstructured BBs) – scenario 5

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 155 of 305 3 Scenario 6: Partial4: Full reduction of nominal (percentage-quoted unstructured bonds) WITHOUT delivery of new shares50 ISIN of the instruments affected by Bail-in CBF Record -Date CBF Settlement -Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note(old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool factorFactor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % Denomination (new) Pool factorFactor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the Bookingbooking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on Denomination (old) (Denomination (old))/ smallest transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares Unit of quotation Scenario51 ISIN 06.12.2020 0807.12.20 20 300.000.000 n.a. 1.000 n.a. EUR 6010 0 400 0 n.a. 60n.a. 1.000n.a. 400n.a. n.a. n.a. n.a. n.a. percentage￾quoted 64 WO PF/EUR ISIN 06.12.2020 0807.12.20 20 300240.000. 000 n.a. 1.000 0,8 EUR 6010 0 n.a. 0,3 2 60n.a. n.a. n.a. n.a. n.a. n.a. n.a. percentage￾quoted 64 WT PF/EUR WO: Without; WT: With; PF: Pool factorFactor. “6 WOExample: The abbreviation “4 WT PF/EUR” in the column “Scenario” stands for – Scenario 6 WITHOUT4 WITH Pool factorFactor and EUR as an issuance currency of athe bond. Examples with a Pool factorFactor are marked in blue.
Table 21: Excerpt detailed list of instruments (percentage-quoted unstructured BBs) – scenario 6

50 In this scenario, the casescase in foreign currency areis not shown because there is no conversion into new shares takes place. The foreign currency or exchange rate is taken into account when determining the number of new shares. 51 The column "Scenario" is for information purposes only and not to be included in the detailed list of instruments. Eingefügte Zellen Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 156 of 305 4 Scenario 4: Full reduction of nominal (unit-quoted unstructured bonds) WITHOUT delivery of new shares52 Information to be pro- vided within the detailed list of instruments for unstructured bearer bonds (percentage- or unit-quoted) for tech- nical scenarios 3-6ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool Factor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % Denomination (new) Pool Factor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares Unit of quotation Scenario ISIN 06.12.2020 07.12.2020 300.000 n.a. 1.000 n.a. EUR 100 0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. unit￾quoted 4 WO PF/EUR ISIN 06.12.2020 07.12.2020 300.000 n.a. 1.000 0,8 EUR 100 n.a. 0 n.a. n.a. n.a. n.a. n.a. n.a. n.a. unit￾quoted 4 WT PF/EUR WO: Without; WT: With; PF: Pool Factor. Example: The abbreviation “4 WT PF/EUR” in the column “Scenario” stands for – Scenario 4 WITH Pool Factor and EUR as an issuance currency of the bond. Examples with a Pool Factor are marked in blue.
Table 22: Excerpt detailed list of instruments (unit-quoted unstructured BBs) – scenario 4

52 In this scenario, the case in foreign currency is not shown because there is no conversion into new shares. The foreign currency or exchange rate is taken into account when determining the number of new shares. Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 157 of 305 Scenario 5: Partial reduction of nominal (percentage-quoted unstructured bonds) WITH delivery of new shares53 ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool Factor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % Denomination (new) Pool Factor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the Booking ratio based on total reduction (Denomination (old)/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares Unit of quotation Scenario ISIN 06.12.2020 07.12.2020 300.000.000 210.000.000 1.000 n.a. EUR 30 700 n.a. 0 1.000 700 30 1.000 221,400 ISIN percentage￾quoted 5a WO PF/EUR ISIN 06.12.2020 07.12.2020 300.000.000 210.000.000 1.000 n.a. DM 30 700 n.a. 0 1.000 700 30 1.000 110,700 ISIN percentage￾quoted 5a WO PF/DM ISIN 06.12.2020 07.12.2020 240.000.000 168.000.000 1.000 0,8 EUR 30 n.a. 0,56 0 n.a. n.a. 30 1.000 178,200 ISIN percentage￾quoted 5a WT PF/EUR ISIN 06.12.2020 07.12.2020 240.000.000 168.000.000 1.000 0,8 DM 30 n.a. 0,56 0 n.a. n.a. 30 1.000 89,100 ISIN percentage￾quoted 5a WT PF/DM ISIN 06.12.2020 07.12.2020 300.000.000 90.000.000 1.000 n.a. EUR 70 300 n.a. 40 1.000 300 30 1.000 221,400 ISIN percentage￾quoted 5b WO PF/EUR ISIN 06.12.2020 07.12.2020 300.000.000 90.000.000 1.000 n.a. DM 70 300 n.a. 40 1.000 300 30 1.000 110,700 ISIN percentage￾quoted 5b WO PF/DM ISIN 06.12.2020 07.12.2020 150.000.000 45.000.000 1.000 0,5 EUR 70 n.a. 0,15 40 n.a. n.a. 30 1.000 113,400 ISIN percentage￾quoted 5b WT PF/EUR ISIN 06.12.2020 07.12.2020 150.000.000 45.000.000 1.000 0,5 DM 70 n.a. 0,15 40 n.a. n.a. 30 1.000 56,700 ISIN percentage￾quoted 5b WT PF/DM WO: Without; WT: With; PF: Pool Factor; DM: Deutsche Mark (foreign currency). Example: “5b WT PF/ DM” stands for – Scenario 5b WITH Pool Factor and DM as an issuance currency of the bond. Examples with a Pool Factor are marked in blue.
Table 23: Excerpt detailed list of instruments (percentage-quoted unstructured BBs) – scenario 5

53 In all examples of scenario 3, an effective conversion rate of 0,72, accrued interest of EUR 25 or DM 25 and the exchange rate of 0,5 EUR/DM were assumed. For reasons of simplification, it was also assumed that the accrued interest has already been adjusted by the pool factor.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 158 of 305 Scenario 5: Partial reduction of nominal (unstructured bonds quoted in units) WITH delivery of new shares54 ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool Factor (old) Currency of Denomination (old) Total reduction of Denomina- tion (old) in % Denomination (new) Pool Factor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the Booking ratio based on total reduction (Denomination (old)/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares Unit of quotation Scenario ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 n.a. EUR 30 700 n.a. 0 1.000 700 30 1 221,400 ISIN unit￾quoted 5a WO PF/EUR ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 n.a. DM 30 700 n.a. 0 1.000 700 30 1 110,700 ISIN unit￾quoted 5a WO PF/DM ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 0,8 EUR 30 n.a. 0,56 0 n.a. n.a. 30 1 178,200 ISIN unit￾quoted 5a WT PF/EUR ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 0,8 DM 30 n.a. 0,56 0 n.a. n.a. 30 1 89,100 ISIN unit￾quoted 5a WT PF/DM ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 n.a. EUR 70 300 n.a. 40 1.000 300 30 1 221,400 ISIN unit￾quoted 5b WO PF/EUR ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 n.a. DM 70 300 n.a. 40 1.000 300 30 1 110,700 ISIN unit￾quoted 5b WO PF/DM ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 0,5 EUR 70 n.a. 0,15 40 n.a. n.a. 30 1 113,400 ISIN unit￾quoted 5b WT PF/EUR ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 0,5 DM 70 n.a. 0,15 40 n.a. n.a. 30 1 56,700 ISIN unit￾quoted 5b WT PF/DM WO: Without; WT: With; PF: Pool Factor; DM: Deutsche Mark (foreign currency). Example: “5b WT PF/ DM” stands for – Scenario 5b WITH Pool Factor and DM as an issuance currency of the bond. Examples with a Pool Factor are marked in blue.
Table 24: Extract from detailed list of instruments (unit-quoted unstructured BBs) – scenario 5

54 In all examples of scenario 3, an effective conversion rate of 0,72, accrued interest of EUR 25 or DM 25 and the exchange rate of 0,5 EUR/DM were assumed. For reasons of simplification, it was also assumed that the accrued interest has already been adjusted by the pool factor.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 159 of 305 Scenario 6: Partial reduction of nominal (percentage-quoted unstructured bonds) WITHOUT delivery of new shares55 ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool Factor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % Denomination (new) Pool Factor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the Booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares Unit of quotation Scenario ISIN 06.12.2020 07.12.2020 300.000.000 120.000.000 1.000 n.a. EUR 60 400 n.a. 60 1.000 400 n.a. n.a. n.a. n.a. percentage￾quoted 6 WO PF/ EUR ISIN 06.12.2020 07.12.2020 240.000.000 96.000.000 1.000 0,8 EUR 60 n.a. 0,32 60 n.a. n.a. n.a. n.a. n.a. n.a. percentage￾quoted 6 WT PF/ EUR WO: Without; WT: With; PF: Pool Factor. Example: “6 WO PF/EUR” stands for – Scenario 6 WITHOUT Pool Factor and EUR as an issuance currency of a bond. Examples with a Pool Factor are marked in blue.
Table 25: Extract from detailed list of instruments (percentage-quoted unstructured BBs) – scenario 6

55 In this scenario, the case in foreign currency is not shown because there is no conversion into new shares. The foreign currency or exchange rate is taken into account when determining the num￾ber of new shares.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 160 of 305 Scenario 6: Partial reduction of nominal (unstructured bonds quoted in units) WITHOUT delivery of new shares56 ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool Factor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % Denomination (new) Pool Factor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the Booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares Unit of quotation Scenario ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 n.a. EUR 60 400 n.a. 60 1.000 400 n.a. n.a. n.a. n.a. unit￾quoted 6 WO PF/EUR ISIN 06.12.2020 07.12.2020 300.000 300.000 1.000 0,8 EUR 60 n.a. 0,32 60 n.a. n.a. n.a. n.a. n.a. n.a. unit￾quoted 6 WT PF/EUR WO: Without; WT: With; PF: Pool Factor. Example: “6 WO PF/EUR” stands for – Scenario 6 WITHOUT Pool Factor and EUR as an issuance currency of a bond. Examples with a Pool Factor are marked in blue.
Table 26: Extract from detailed list of instruments (unit-quoted unstructured BBs) – scenario 6

56 In this scenario, the case in foreign currency is not shown because there is no conversion into new shares. The foreign currency or exchange rate is taken into account when determining the num￾ber of new shares.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 161 of 305

57 In the case of the so-called “up-to” issues, the global certificate contains a maximum value (e.g. EUR 10 million) up to which the securities can be issued. The actual number of units issued and the associated outstanding aggregate principal amount may be lower (e.g. EUR 5 million). 58 In the case of the so-called “up-to” issues, the global certificate contains a maximum value (e.g. EUR 10 million) up to which the securities can be issued. The actual number of units issued and the associated outstanding aggregate principal amount may be lower (e.g. EUR 5 million). Information to be provided within the detailed list of instruments for unstructured bearer bonds (percentage- and unit-quoted) and money market instruments for technical scenarios 3 - 6 Information Explanatory notes ISIN (Stammgattung nicht strukturierte ISV) ISIN of the instruments affected by Bail-in ISIN of the instruments affected by the bail-in. Unique identifier known to the counterparty according to data point 1.4 of the MaBail-in or DE-IRT-Bail-in-Guidance [ISIN/specific ID]. CBF Stichtag der Maß￾nahme CBF Record Date Date on which the bail-in is implemented technically in the systems of the CSD. This date may not be more than 1 day before the CBF settlement date. To be entered in consultation with CSD. CBF Erfüllungstag CBF Settlement Date Date on which the settlement of a business transaction (delivery and payment) occurs. To be entered in consultation with CSD. Ausstehender Gesamtnennwert gemäß der (alt) Globalurkunde Outstanding Aggregate Principal Amount accord￾ing to Global Certifi￾cate/Global Note(old) For percentage-quoted bearer bonds, and percentage-quoted money market instruments the current total nominal value outstanding at the request date in original currency according to the global certificate for the respective ISIN must be provided. WM data field GD650A [Volume Outstanding]. Data point 2.9 [Nominal amount of the global note in original currency] accord￾ing to MaBail-in or DE-IRT-Bail-in-Guidance. In the case of unit-quoted bearer bonds, and money market instruments quoted in units the actual total number of units outstanding at the request date must be entered in accordance with the global certificate for the respec￾tive ISIN. WM data field GD650A [Volume Outstanding]. The sum of data point 2.4 [Number of securities outstanding (without securities held by the resolution entity)] and data point 2.5 [Number of securities out￾standing held by the resolution entity] according to MaBail-in or DE-IRT-Bail￾in-Guidance. That is, the number of pieces outstanding with pieces held by the resolution entity. Note: In the case of the global certificates with an “up-to” regulation for the is￾sue volume57, the actual outstanding nominal value must be entered for bearer bonds quoted in percent. In the case of Note: In the case of the pool factor bonds, the outstanding aggregate principal amount already contains the pool factor. Example: The original issue volume58 according
to the global note is EUR
400.000.000. The pool factor is 0,5. The outstanding aggregate principal

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 162 of 305 amount is therefore EUR 200.000.000 = EUR 400.000.000 * 0,5unit-quoted bearer bonds, the total number of units actually outstanding must be entered. For CBF, this corresponds to the value from the data field “Face Amount”. For WM Datenservice, this is the value from the data field GD650A “Volume in circula￾tion”. Ausstehender Gesamt￾nennwert (neu) Outstanding Aggregate Principal Amount (new) For percentage-quoted bearer bonds and money market instruments, the current aggregate principal amount outstanding in the original currency for the relevant ISIN after write-down and conversion must be entered. In the case of structured bearer bonds and money market instruments quoted in units, the total number of units outstanding for the relevant ISIN af￾ter write-down and conversion must be entered. WM data field GD650A [Volume Outstanding] is used for both percentage￾quoted bearer bonds and bearer bonds quoted in units. Note: In the case of pool factor instruments, the outstanding aggregate princi￾pal amount already includes the pool factor. Example: The original issue volume according to the global note is EUR
400.000.000. The pool factor is equal to 0,5. The outstanding aggregate princi￾pal amount is therefore EUR 200.000.000 = EUR 400.000.000 * 0,5.
NW zum Stück (alt)
Denomination (old)
In the case of percentage-quoted bearer bonds, theThe outstanding principal amount per unit of the bond on the request date must be stated in the original currency in this field. For percentage-quoted bearer bonds and money market instruments, the amount corresponds to the value in WM Data field DG455A (Smallest Transfer￾able Unit). Data point 2.3 [Outstanding principal amount per security in original currency] according to MaBail-in or DE-IRT-Bail-in-Guidance. In the case of unit-quoted bearer bonds, enter " quoted units and money market instruments quoted in units, the amount corresponds to the amount in WM Data field GD460A (Denomination). Note 1": In the case of pool factor bonds, the outstanding principal amount for one unitthe unit does not contain the pool factor. Note 2: In the case of zero-coupon bonds, it should be noted that premi￾ums/discounts are not part of the nominal value. Poolfaktor (alt) Pool factor (old) Pool factor of the instrument on the request date. Data point 2.11 [Current pool factor (if applicable)] according to MaBail-in or DE-IRT-Bail-in-Guidance. Währung Currency of Denomina￾tion (old) (Original) currency in which the financial instrument was issued. Data point 1.8 [Currency in which the instrument or liability was issued] accord￾ing to MaBail-in or DE-IRT-Bail-in-Guidance.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 163 of 305 Gesamtreduzierung des alten NW in % Total reduction of De￾nomination (old) in % If pursuant to the resolution orderResolution Order a part of the instrument is to be written down and another part is to be converted into new shares, this field includes the sum (total reduction rate) of the write-down percentage and the conversion percentage. Example:
If the write-down percentage is 40 and the conversion percentage is 30, the to￾tal reduction rate is 70. If either the write-down or the conversion applies to one instrument as a sole measure, only the applicable write-down or conversion percentage has to be stated in this field. If, for instance, for one ISIN only the write-down is applica￾ble and the write-down percentage is 60, then 60% has to be stated in this field as a total reduction rate. Note: For secured liabilities, the sum of the operational write-down percentage and the operational conversion percentage is to be entered in this column (see also background information in this chapter and Table 25).Table 31). NW zum Stück (neu) Denomination (new) Percentage-quoted bearer bonds: In this field, the new nominal value per unit of the instrument after reduction by write-down and conversion has to be stated. Unit-quoted bearer bonds: The amount to be entered in this field is calcu￾lated as follows:
1 unit * (1 – write-down percentage – conversion percentage).
Example – percentage-quoted bearer bond: If the outstanding principal amount is EUR 1.000 [GD460A old] and the resolution orderResolution Order includes a write-down percentage of 40 and a conversion percentage of 30, the new nominal value is EUR 300. [GD460A new]. Example – unit-quoted bearer bond: InIf the case of a outstanding principal amount is EUR 1.000 [GD460A old] and the write-down percentage ofis 40% and athe conversion percentage ofis 30% provided for in the resolution order, enter 0.3 (unit) in this field.Resolution Order, the new nominal value is EUR 300 [GD460A new]. Please note: In the case of a pool factor instrument, "n.a." must be entered in this field because the nominal value does not change and the reduction is rep￾resented by means of a pool factor. Poolfaktor (neu) Pool factor (new) New pool factor, valid as of the effective date of resolution. wertlose Ausbuchung des alten NW in % Worthless withdrawal of denomination (old) in % If the instrument is to be written down fully (or partially), the write-down per￾centage has to be stated in this field in accordance with the resolution or￾derResolution Order. Example – percentage-quoted bearer bondbonds and money market in￾struments: With an outstanding principal amount of EUR 1.000 [GD460A old] and a write-down percentage of 60%, EUR 600 of the old nominal value is de￾recognised without value. Example – unit-quoted bearer bond: In the case of an outstanding principal amount of EUR 1.000 [GD460A old] and a write-down percentage of 60%, the nominal value in the master data is reduced to EUR 400. [GD460A new].

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 164 of 305 Note: For secured liabilities, the operational write-down percentage is to be entered in this column (see also background information in this chapter and
Table 25).Table 31).
technisches Buchungs￾verhältnis Zähler
(Ausbuchung) bezogen auf
Gesamtreduzierung
Numerator of the tech￾nical booking ratio based on total reduction (Denomination (old))/(Denomination (new)) Numerator of the technical booking ratio. The technical booking ratio for percentage-quoted bearer bonds and money market instruments is the ratio of the nominal value per instrument in original currency before the write-down and conversion to the new nominal value in original currency after the write-down and conversion, i.e. Nominal value (old) in original currency : Nominal Valuevalue (new) in origi￾nal currency For unit-quoted bearer bonds, the technical booking ratio is composed as fol￾lows:
1 unit : 1 unit * (1 – write-down percentage – conversion percentage).In the case of bearer bonds quoted in units, the central securities depository does not make any inventory changes in its system. The nominal value is only modi￾fied in the WM Datenservice master data. For this reason, enter “n.a.” in the technical booking ratio for bearer bonds quoted in units. Example – percentage-quoted bearer bond:
Old nominal value before write-down and conversion in EUR: 1.000 Write-down percentage: 40 Conversion percentage: 30 New nominal value in EUR: 300 The technical booking ratio corresponds to: 1.000 : 300 The numerator to be entered in this field is 1.000. Example – unit-quoted bearer bond: Enter “n.a.” for the technical book ratio. Nominal value per unit (old): 1 (unit) Write-down percentage: 40 Conversion percentage: 30 Nominal value per unit (new): 0,3 (units) The technical booking ratio corresponds to: 1 : 0,3 The numerator to be entered in this field is 1. Please note: In the case of a pool factor instrument, “n.a.” must be entered in the technical booking ratio because the nominal value does not change and the reduction is represented by means of a pool factor. technisches Buchungs￾verhältnis Nenner (Ein￾buchung) bezogen auf Gesamtreduzierung Denominator of the technical booking ratio. The technical booking ratio for percentage-quoted bearer bonds is the ratio of the nominal value per instrument in original currency before the write-down and conversion to the new nominal value in original currency after the write￾down and conversion, i.e.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 165 of 305 Denominator of the tech￾nical booking ratio based on total reduction (Denomination (old))/(Denomination (new)) Nominal value (old) in original currency : Nominal Value (new) in original cur￾rency For unit-quoted bearer bonds, the technical booking ratio is composed as fol￾lows:
1 unit : 1 unit * (1 – write-down percentage – conversion percentage).In the case of bearer bonds quoted in units, the central securities depository does not make any inventory changes in its system. The nominal value is only modi￾fied in the WM Datenservice master data. For this reason, enter “n.a.” in the technical booking ratio for structured bearer bonds quoted in units. Example – percentage-quoted bearer bond:
Old nominal value before write-down and conversion in EUR: 1.000 Write-down percentage: 40 Conversion percentage: 30 New nominal value in EUR: 300 The technical booking ratio corresponds to: 1.000 : 300 The denominator to be entered in this field is 300. Example – unit-quoted bearer bond: Enter “n.a.” for the technical book ratio. Nominal value per unit (old): 1 (unit) Write-down percentage: 40 Conversion percentage: 30 Nominal value per unit (new): 0,3 (units) The technical booking ratio corresponds to: 1 : 0,3 The denominator to be entered in this field is 0,3. Please note: In the case of a pool factor instrument, “n.a.” must be entered in the booking ratio because the nominal value does not change and the reduc￾tion is mappedrepresented by means of a pool factor. Umwandlung des alten NW in Aktien in % Conversion percentage of Denomination (old) into new shares (in %) If instruments have to be converted into new shares according to the resolution orderResolution Order, the conversion percentage has to be stated in this field. Example:
With an outstanding principal amount of EUR 1.000 and a conversion percent￾age of 30%, EUR 300 of the old nominal value is converted into shares. Note: For secured liabilities, the operational conversion percentage is to be en￾tered in this column (see also background information in this chapter and Table 25).Table 31). technisches Umwand￾lungsverhältnis Zähler (Ausbuchung des alten NW) Numerator of the tech￾nical conversion ratio based on denomination Numerator of the technical conversion ratio. The numerator of the technical conversion ratio must be populated with the smallest transferable unit for both percentage-quoted structured bearer bonds and structured bearer bonds quoted in units. At WM Datenservice, the smallest transferable unit is listed in field GD455A.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 166 of 305
Table 27: Explanatory notes, detailed list of instruments (unstructured BBs) – technical scenarios 3 to -6
(old)smallest transferable unit
(Denomination
(old))/((smallest transfer￾able unit)/(amount of new shares) For percentage-quoted bearer bonds, the technical conversion ratio is ex￾pressed as:
Nominal value (old) in original currency : Number of new shares (x.xxx in origi￾nal currency : x,xxx new shares). For unit-quoted bearer bonds, the technical conversion ratio is composed as follows:
1 unit : Number of new shares (1 : x,xxx new shares).
Example – percentage-quoted bearer bond: 1.000 : 18
1.000 has to be entered in this field as numerator.
Example – unit-quoted bearer bond: 1 : 18
1 has to be entered in this field as numerator. technisches Umwand￾lungsverhältnis Nenner (Einbuchung von Aktien in Bezug auf alten NWkleinste übertrag￾bare Einheit der An￾leihe) Denominator of the tech￾nical conversion ratio based on Denomination (old)smallest transferable unit (Denomination (old))/((smallest transfer￾able unit)/(amount of new shares) Denominator of the technical conversion ratio. Enter as the denominator of the technical conversion ratio the number of new shares per unit of the bearer bond resulting from the conversion. For percentage-quoted bearer bonds, the technical conversion ratio is ex￾pressed as:
Nominal value (old) in original currency : Number of new shares (x.xxx in origi￾nal currency : x,xxx new shares). For unit-quoted bearer bonds, the technical conversion ratio is composed as follows:
1 unit : Number of new shares (1 : x,xxx new shares).
Example – percentage-quoted bearer bond: 1.000 : 18 18 has to be entered in this field as denominator. Example – unit-quoted bearer bond: 1 : 18 18 has to be entered in this field as denominator. Note 1: For the calculation of the number of new shares for zero-coupon bonds see Table 29. Note 2: For the calculation of the number of new shares for secured liabilities see Table 26.Table 32. Aktien ISIN-NEU ISIN for new shares ISIN for new shares (as provided by NNA in task 4). Art der Börsennotiz Unit of quotation Type of stock exchange quotation for the security, e.g. “percentage-quoted“ or “quoted in units”. Szenario Scenario Enter technical scenario “3 to 6”.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 167 of 305 Background information:
Technical conversion ratio (unstructured bearer bonds) For implementing a conversion into new shares, the CSD and the NNA need the technical con￾version rate, which is stated as “…conversion ratio based on denomination (old)…” in the detailed list of instruments. The technical conversion ratio is derived from the effective conversion rate given in the resolution order. Effective conversion rate (resolution order):
The effective conversion rate is the factor at which an instrument is converted as part of the bail￾in. It indicates what proportion of the share capital a creditor receives for EUR 1 of the conver￾sion amount attributable to him. A factor of e.g. one means that a creditor receives shares with an equivalent value of exactly one euro for one euro of the conversion amount attributable to him. The effective conversion rate is expressed as:
1 EUR liability : x,xx EUR share capital
The effective conversion rate is determined for each rank of the bail-in sequence in accordance with the resolution order, i.e. for all instruments belonging to the same rank affected by the bail￾in, the same effective conversion rate applies. Technical conversion ratio (instruction letter and supporting documents):
For percentage-quoted bearer bonds, the technical conversion ratio is expressed as relation of the nominal value of each instrument (nominal value (old) before write-down and conversion) to the number of new shares resulting from the conversion for each instrument:
Nominal value (old) in original currency : x,xxx new shares For unit-quoted bearer bonds, the technical conversion ratio is composed as follows:
1 unit : x,xxx new shares
It describes the number of shares into which the nominal value of one instrument is converted. It should be noted that the number of new shares for percentage-quoted bearer bonds is set in relation to the nominal value (old) in EUR. If the instrument was not issued in EUR (original cur￾rency not equal to EUR), the nominal value (old) in EUR is used to calculate the number of new shares (see example cases 3 and 4 in Appendix I). The technical conversion ratio is determined for each instrument (i.e. per ISIN). Within one rank of the bail-in sequence different technical conversion ratios can apply accordingly. This results from the fact that one rank can comprise many different instruments with different nominal values.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 168 of 305 Background information:
Example – percentage-quoted bearer bond:
Technical conversion ratio EUR 1.000 : 538,125 new shares.
A creditor who is subject to conversion and holds a percentage-quoted bearer bond with a nomi￾nal value of EUR 1.000 receives 538 new €1 shares (see background information on treatment of fractional amounts in Chapter IV.2.13). Example – unit-quoted bearer bond:
Technical conversion ratio: 1 unit : 220,400 new shares.
A creditor being subject to conversion holding a unit-quoted bearer bond receives 220 new €1 shares (see background information on treatment of fractional amounts in Chapter IV.2.13).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 169 of 305 Background information:
Technical conversion ratio (unstructured bearer bonds) For implementing a conversion into new shares, the CSD and the NNA need the technical con￾version ratio, which is stated as “conversion ratio based on denomination (old)” in the detailed list of instruments. The technical conversion ratio is derived from the effective conversion rate given in the Resolution Order. Effective conversion rate (Resolution Order):
The effective conversion rate is the factor at which an instrument is converted as part of the bail￾in. It indicates what proportion of the share capital a creditor receives for EUR 1 of the conver￾sion amount attributable to him. A factor of e.g. one means that a creditor receives shares with an equivalent value of exactly one euro for one euro of the conversion amount attributable to him. The effective conversion rate is expressed as:
1 EUR liability : x,xx EUR share capital
The effective conversion rate is determined for each rank of the bail-in sequence in accordance with the Resolution Order, i.e. for all instruments belonging to the same rank affected by the bail-in, the same effective conversion rate applies. Technical conversion ratio (instruction letter and supporting documents):
The technical conversion ratio is the ratio of the smallest transferable unit of the structured bearer bond to the number of new shares resulting from the conversion. In the case of percentage-quoted bearer bonds, the smallest transferable unit is the out￾standing nominal value per unit of the bearer bond. Accordingly, the technical conversion ra￾tio is expressed as the ratio of the nominal value per share of an instrument (old nominal value before write-down and conversion) to the number of new shares resulting from the conversion per share of the instrument. Nominal value (old) in original currency : x,xxx new shares In the case of bearer bonds quoted in units, the smallest transferable unit is the denomination. Accordingly, the technical conversion ratio is as follows:
1 unit : x,xxx new shares
This describes the number of new shares attributable to each instrument with the same ISIN. It should be noted that the number of new shares for percentage-quoted bearer bonds is calcu￾lated as the ratio to the nominal value (old) in the original currency. If the instrument was not issued in EUR (original currency not equal to EUR), the nominal value (old) in EUR is used to cal￾culate the number of new shares (see example cases 3 and 4 in Appendix I). The technical con￾version ratio is determined for each instrument (i.e. per ISIN). Accordingly, a rank of the bail-in sequence can have a variety of different technical conversion ratios. This results from the fact that a liability rank can contain different instruments with different nominal values.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 170 of 305 The following table illustrates the derivation of the technical conversion ratio for unstructured bearer bonds:
59
Derivation of the technical conversion ratio for unstructured bearer bonds based on the resolution orderResolution Order percentage-quoted unit-quoted Outstanding principal amount per unit in original currency:
EUR 1.000,(…) EUR 1.000,(…)
Smallest transferable unit in original currency EUR 1.000,(…) 1 unit Accrued interest per unit in original currency:
EUR 25,(…) EUR 25,(…)
Fees and charges per unit in original currency:
n.a. n.a.
Relevant amount per unit in EUR: 1.025,(…) 1.025,(…) Conversion percentage (as provided in the resolution or￾derResolution Order):
70,0000000% 70,0000000%

59 The brackets „(…)“ after the decimal separator in the amounts mean that the respective amounts are to be applied in the calculations with the maximum possible number of decimal places. Background information:
Example – percentage-quoted bearer bonds:
Technical conversion ratio: EUR 1.000,00 : 538,125 new shares.
A creditor affected by the conversion who holds a percentage-quoted bearer bond with a nomi￾nal value of EUR 1.000,00 will receive 538 new €1 shares (see background information on the treatment of fractional amounts in Chapter V.2.13). Example – bearer bonds quoted in units:
Technical conversion ratio: 1 unit : 220,400 new shares.
A creditor affected by the conversion who holds a bearer bond quoted in units will receive 220 new €1 shares (see background information on the treatment of fractional amounts in Chapter V.2.13).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 171 of 305 Derivation of the technical conversion ratio for unstructured bearer bonds based on the resolution orderResolution Order Effective conversion rate (as provided in the resolution or￾derResolution Order):
0,720000000 0,720000000
Issue amount per share in EUR
(as provided in the resolution or￾derResolution Order):
1 1
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒏𝒆𝒘 𝒔𝒉𝒂𝒓𝒆𝒔 𝒑𝒆𝒓 𝑰𝑺𝑽 = (𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐮𝐧𝐢𝐭 𝐢𝐧 𝐄𝐔𝐑 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐩𝐞𝐫𝐜𝐞𝐧𝐭𝐚𝐠𝐞 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐫𝐚𝐭𝐞) 𝐈𝐬𝐬𝐮𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐄𝐔𝐑 𝟓𝟏𝟔, 𝟔𝟎𝟎𝟎𝟎𝟎𝟎 = 𝐄𝐔𝐑 𝟏. 𝟎𝟐𝟓, (… ) ∗ 𝟕𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎% ∗ 𝟎, 𝟕𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎 𝐄𝐔𝐑 𝟏 To be taken into account for foreign currency and pool factor instruments:
𝑹𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕 𝒊𝒏 𝑬𝑼𝑹 = 𝒓𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒊𝒏 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 ∗ 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒓𝒂𝒕𝒆60 ∗ 𝒘𝒉𝒆𝒓𝒆 𝒂𝒑𝒑𝒍𝒊𝒄𝒂𝒃𝒍𝒆 𝒑𝒐𝒐𝒍 𝒇𝒂𝒄𝒕𝒐𝒓 (𝒐𝒍𝒅) Technical conversion ratio:
EUR 1.000 : 516,6000000 1 unit : 516,6000000
Table 28: Derivation of the technical conversion ratio for unstructured BBs
The following table shows an example of the derivation of the technical conversion ratio for a special type of unstructured bearer bonds, the zero-coupon bonds:
61
Derivation of the technical conversion ratio for a special type of unstructured bearer bonds, the zero￾coupon bonds, based on the resolution orderResolution Order percentage-quoted unit-quoted Outstanding principal amount per unit in original currency:
62 EUR 1.000,(…) EUR 1.000,(…)
Smallest transferable unit in original currency EUR 1.000,(…) 1 unit Accrued interest per unit in original currency:
n.a. n.a.

60 The exchange rate to be used is the one stated in the resolution orderResolution Order. As a rule, this is the exchange rate that was also used when the liability list was filled (e.g. according to MaBail-in). 61 The brackets „(…)“ after the decimal separator in the amounts mean that the respective amounts are to be applied in the calculations with the maximum possible number of decimal places. 62 Premiums/discounts are not part of the outstanding nominal value.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 172 of 305 Derivation of the technical conversion ratio for a special type of unstructured bearer bonds, the zero￾coupon bonds, based on the resolution orderResolution Order Fees and charges per unit in original currency:
n.a. n.a.
Relevant amount per unit in EUR:
63 1.000,(…) 1.000,(…)
Conversion percentage
(as provided in the resolution or￾derResolution Order):
70,0000000% 70,0000000%
Effective conversion rate
(as provided in the resolution or￾derResolution Order):
0,720000000 0,720000000
Issue amount per share in EUR
(as provided in the resolution or￾derResolution Order):
1 1
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒏𝒆𝒘 𝒔𝒉𝒂𝒓𝒆𝒔 𝒑𝒆𝒓 𝑰𝑺𝑽 = (𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐮𝐧𝐢𝐭 𝐢𝐧 𝐄𝐔𝐑 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐩𝐞𝐫𝐜𝐞𝐧𝐭𝐚𝐠𝐞 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐫𝐚𝐭𝐞) 𝐈𝐬𝐬𝐮𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐄𝐔𝐑 𝟓𝟎𝟒, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎 = EUR 1.000, (… ) ∗ 𝟕𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎% ∗ 𝟎, 𝟕𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎 𝐄𝐔𝐑 𝟏 𝐄𝐔𝐑 𝟏. 𝟎𝟎𝟎, (… ) ∗ 𝟕𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎% ∗ 𝟎, 𝟕𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎 𝐄𝐔𝐑 𝟏 To be taken into account for foreign currency and pool factor instruments:
𝑹𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕 𝒊𝒏 𝑬𝑼𝑹 = 𝒓𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒊𝒏 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 ∗ 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒓𝒂𝒕𝒆64 ∗ 𝒘𝒉𝒆𝒓𝒆 𝒂𝒑𝒑𝒍𝒊𝒄𝒂𝒃𝒍𝒆 𝒑𝒐𝒐𝒍 𝒇𝒂𝒄𝒕𝒐𝒓 (𝒐𝒍𝒅) Technical conversion ratio:
EUR 1.000,00 : 504,0000000 1 unit : 504,0000000
Table 29: Derivation of the technical conversion ratio for zero-coupon bonds

63 In the case of zero-coupon bonds, the relevant amount is equal to the outstanding nominal value (see also MaBail-in). 64 The exchange rate to be used is the one stated in the resolution orderResolution Order. As a rule, this is the exchange rate that was also used when the liability list was filled (e.g. according to MaBail-in).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 173 of 305 The following table shows an example of the calculation of the relevant amount and the derivation of the technical conversion ratio for money market instruments:
65
Derivation of the number of new shares for money market instruments66 based on the Resolution Order Outstanding nominal value of the money market instrument in original currency:
EUR 100.000,(..)
Smallest transferable unit in original currency EUR 100.000,(..)
Accrued interest of the money market instrument in original currency:
EUR 4.500,(...); 4,5% p.a.
Existing fees of the money market in￾strument in original currency:
n.a.

65 The brackets “(...)” after the decimal separator in the amounts mean that the respective amounts are to be applied in the calcu￾lations with the maximum possible number of decimal places. 66 Note: Money market instruments can be issued in tranches (e.g. commercial paper). The number of new shares resulting from conversion must be calculated individually for each tranche. The outstanding aggregate nominal value is therefore un￾derstood to be the outstanding nominal value per tranche of the money market instrument. Background information:
Special aspects of the write-down and conversion of secured lia￾bilities (unstructured bearer bonds) The resolution authority may apply the bail-in tool within the meaning of Section 90 of the SAG to the part of the secured liability exceeding the value of the secured portion (see Article 27 (3) of the SRMR or section 91 (2) of the SAG). For these instruments, when calculating the amount relevant for bail-in, it must be noted that the value of the secured portion must be de￾ducted from the outstanding amount (see MaBail-in). Due to the secured portion, the write-down and conversion percentages provided in the reso￾lution order can only be applied to a part of the outstanding nominal value of the secured lia￾bility in the technical bail-in implementation or technical reduction. Accordingly, operationally or technically seen, different write-down and conversion percentages will result. Examples for the calculation of the relevant amount, the number of new shares and the deriva￾tion of the operational write-down and conversion percentages for secured liabilities can be found in the tables below. Note: For reduction of accrued interest, the bank must consider the write-down and conver￾sion percentages in accordance with the resolution order (see also process step 20 and back￾ground information in Chapter IV.2.21).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 174 of 305 Derivation of the number of new shares for money market instruments66 based on the Resolution Order Relevant amount of the money market instrument in EUR:
EUR 104.500,(..)
Conversion percentage
(as provided in the Resolution Order):
70,0000000%
Effective conversion rate
(as provided in the Resolution Order):
0,720000000
Issue amount per share in EUR
(as provided in the Resolution Order):
1
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒏𝒆𝒘 𝒔𝒉𝒂𝒓𝒆𝒔 𝒑𝒆𝒓 𝑺𝑺𝑫/𝑵𝑺𝑽 = (𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 𝐢𝐧 𝐄𝐔𝐑 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐩𝐞𝐫𝐜𝐞𝐧𝐭𝐚𝐠𝐞 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐫𝐚𝐭𝐞) 𝐈𝐬𝐬𝐮𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐄𝐔𝐑 𝟓𝟐. 𝟔𝟔𝟖, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎 = 𝟏𝟎𝟒, 𝟓𝟎𝟎, (… )𝐄𝐔𝐑 ∗ 𝟕𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎% ∗ 𝟎, 𝟕𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎 𝟏 𝐄𝐔𝐑 To be considered for money market instruments in foreign currency and, if applicable, with a pool fac￾tor:
𝑹𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕 𝒊𝒏 𝑬𝑼𝑹 = 𝒓𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒊𝒏 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 ∗ 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒓𝒂𝒕𝒆67 ∗ 𝒘𝒉𝒆𝒓𝒆 𝒂𝒑𝒑𝒍𝒊𝒄𝒂𝒃𝒍𝒆 𝒑𝒐𝒐𝒍 𝒇𝒂𝒄𝒕𝒐𝒓 (𝒐𝒍𝒅) Number of new shares for a money market instrument:
EUR 100.000,00 : 52.668,0000000 new shares
Table 30: Derivation of number of new shares for money market instruments

67 The exchange rate to be used is the one stated in the Resolution Order. As a rule, this is the exchange rate that was also used when the liability list was filled (e.g. according to MaBail-in).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 175 of 305 The following table shows an example of the derivation of the operational write-down and conversion percentages for secured liabilities:
68
Derivation of the operational write-down and conversion percentages for secured liabilities based on the resolution orderResolution Order Outstanding principal amount per unit in original currency:
EUR 1.000,(…)
Secured portion per unit in original cur￾rency:
EUR 100,(…)
Write-down percentage
(as provided in the resolution orderRes￾olution Order):
60,0000000%
Operational write-down percentage
(to be calculated by the bank):
54,0000000% = 60,0000000% * (EUR 900,(…) / EUR 1.000,(…))

• 100%

68 The brackets „(…)“ after the decimal separator in the amounts mean that the respective amounts are to be applied in the calculations with the maximum possible number of decimal places. Background information:
Special aspects of the write-down and conversion of secured lia￾bilities (unstructured bearer bonds) The resolution authority can apply the bail-in tool under section 90 of the SAG to the portion of the secured liability that exceeds the value of the collateral (see Article 27(3) of the SRMR and
section 91 (2) of the SAG). For these instruments, it must be noted that the value of the collateral
must be deducted from the outstanding nominal value (see MaBail-in) when calculating the rele￾vant amount for the bail-in. Due to the secured portion, the write-down and conversion percentages specified in the Resolu￾tion Order can only be applied to a portion of the outstanding nominal value in the technical reduction. This results in different write-down and conversion percentages from an opera￾tional and technical perspective. Examples of the calculation of the relevant amount, the number of new shares and the deri￾vation of the operational write-down and conversion percentages for secured liabilities can be found in the tables below. Note: When reducing the accrued interest, the bank must refer to the write-down and conver￾sion percentages in line with the Resolution Order (see also task 20 and background information in Chapter V.2.21).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 176 of 305 Conversion percentage (as provided in the resolution orderRes￾olution Order):
40,0000000%
Operational conversion percentage
(to be calculated by the bank):
36,0000000% = 40,0000000% * (EUR 900,(…) / EUR 1.000,(…))

• 100%
  Table 31: Derivation of the operational write-down and conversion percentages
  The following table shows an example of the calculation of the relevant amount and the derivation of the technical conversion ratio for secured liabilities:
  69
  Calculation of the relevant amount and derivation of the technical conversion ratio for secured liabilities based on the resolution orderResolution Order percentage-quoted unit-quoted Outstanding principal amount per unit in original currency:
  EUR 1.000,(…) EUR 1.000,(…)
  Smallest transferable unit EUR 1.000,(…) 1 unit Accrued interest per unit in original currency:
  EUR 25,(…) EUR 25,(…)
  Fees and charges per unit in original currency:
  n.a. n.a.
  Secured portion per unit in original cur￾rency:
  EUR 100,(…) EUR 100,(..)
  Relevant amount per unit in EUR: EUR 925,(…) = EUR 1.025,(…) – EUR 100,(…) Conversion percentage (as provided in the resolution orderRes￾olution Order):
  40,0000000% 40,0000000%
  Effective conversion rate
  (as provided in the resolution orderRes￾olution Order):
  0,720000000 0,720000000
  Issue amount per share in EUR
  (as provided in the resolution orderRes￾olution Order):
  1 1

69 The brackets „(…)“ after the decimal separator in the amounts mean that the respective amounts are to be applied in the calculations with the maximum possible number of decimal places.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 177 of 305 Calculation of the relevant amount and derivation of the technical conversion ratio for secured liabilities based on the resolution orderResolution Order 𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒏𝒆𝒘 𝒔𝒉𝒂𝒓𝒆𝒔 𝒑𝒆𝒓 𝑰𝑺𝑽 = (𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐮𝐧𝐢𝐭 𝐢𝐧 𝐄𝐔𝐑 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐩𝐞𝐫𝐜𝐞𝐧𝐭𝐚𝐠𝐞 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐫𝐚𝐭𝐞) 𝐈𝐬𝐬𝐮𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐄𝐔𝐑 𝟐𝟔𝟔, 𝟒𝟎𝟎𝟎𝟎𝟎𝟎 = 𝐄𝐔𝐑 𝟗𝟐𝟓, (… ) ∗ 𝟒𝟎, 𝟎𝟎𝟎𝟎𝟎𝟎𝟎% ∗ 𝟎, 𝟕𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎 𝐄𝐔𝐑 𝟏 To be taken into account for foreign currency and pool factor instruments:
𝑹𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕 𝒊𝒏 𝑬𝑼𝑹 = 𝒓𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒊𝒏 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 ∗ 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒓𝒂𝒕𝒆70 ∗ 𝒘𝒉𝒆𝒓𝒆 𝒂𝒑𝒑𝒍𝒊𝒄𝒂𝒃𝒍𝒆 𝒑𝒐𝒐𝒍 𝒇𝒂𝒄𝒕𝒐𝒓 (𝒐𝒍𝒅) Technical conversion ratio: EUR 1.000,00 : 266,4000000 1 unit : 266,4000000
Table 32: Derivation of the technical conversion ratio for secured liabilities

70 The exchange rate to be used is the one stated in the resolution orderResolution Order. As a rule, this is the exchange rate that was also used when the liability list was filled (e.g. according to MaBail-in).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 178 of 305

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 179 of 305 Background information:
Example: Technical conversion ratio (unstructured bearer bonds) and rounding down Assume that an instrument issued by the institution is partly written down and partly converted into new shares (technical scenario 5). The outstanding principal amount of the instrument per unit is EUR 1.000. The accrued inter￾est adds up to an amount of EUR 25. There is a reduction without pool factor (technical sub-scenario 5b without PF). According to the resolution order, the write-down and conversion percentages are 40,1234567% and 30,1234567%. Furthermore, an effective conversion rate of 0,72 is specified in the resolution order. The number of shares resulting from the conversion must be rounded down. The issue amount per share is EUR 1. The technical conversion ratio is determined as follows:
percentage-quoted unit-quoted
Numerator of the technical conversion ratio: EUR 1.000,00 1 unit Write-down percentage: 40,1234567% 40,1234567% Conversion percentage: 30,1234567% 30,1234567% Conversion rate: 0,720000000 0,720000000 Amount per unit to be used for conversion: EUR 301,2345670() EUR 301,2345670() Accrued interest per unit to be used for conversion: EUR 7,5308641() EUR 7,5308641() Current charges per unit to be used for conversion: n.a. n.a. Denominator of the technical conversion ratio: 222,3111103() 222,3111103() Technical conversion ratio (rounded down): EUR 1.000,00 : 222,0000000 1 unit : 222,0000000 Notwithstanding the rounding down of the number of new shares resulting from the conversion as part of the resolution order, in the detailed list of instruments, the decimal place conventions set out in Chapter IV.4.1.1.3 must be considered for all other information. The corresponding columns are filled in as follows:
Column “Denomination (old)”: EUR 1.000,00 1 unit Column “Total reduction of denomination (old) in %”: 70,2469134 70,2469134 Column "Denomination (new)": 297,53 0,29 Column "Worthless withdrawal of denomination (old) in %": 40,1234567 40,1234567 Column "Numerator of the booking ratio [...]": EUR 1.000,00 1 unit Column "Denominator of the booking ratio [...]": 297,5308660 0,2975308 Column “Conversion percentage of denomination (old) […]”: 30,1234567 30,1234567 Column "Numerator of the conversion ratio [...]": 1.000,00 1 unit Column "Denominator of the conversion ratio [...]": 222,0000000 222,0000000 The amounts are calculated as follows:
() Amount per unit to be used for conversion: EUR 301,2345670(…) = 1.000,(…) * 30,1234567% () Accrued interest per unit to be used for conversion: EUR 7,5308641(…) = 25,(…) * 30,1234567% () Denominator of the technical conversion ratio: 222,3111103 = (308,7654311(…) EUR * 0,720000000) / EUR 1 Note: When calculating the number of new shares or the denominator of the technical conversion ratio, the outstanding nominal value per unit or Denomination (old) as well as the accrued interest per unit must be applied with the maximum possible number of decimal places. This is shown in the calculation examples with the brackets “(…)” after the decimal separator.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 180 of 305 Background information:
Example: Technical conversion ratio (unstructured bearer bonds) and rounding down Assume that a bearer bond issued by the institution is partly written down and partly converted into new shares (tech￾nical scenario 5). The outstanding principal amount of the instrument per unit is EUR 1.000. The accrued interest adds up to an amount of EUR 25. There is a reduction without pool factor (technical sub-scenario 5b without PF). According to the Resolution Order, the write-down and conversion percentages are 40,1234567% and 30,1234567%. Further￾more, an effective conversion rate of 0,72 is specified in the Resolution Order. The number of shares resulting from the conversion must be rounded down. The issue amount per share is EUR 1. The technical conversion ratio is determined as follows:
percentage-quoted unit-quoted
Numerator of the technical conversion ratio: EUR 1.000,00 1 unit (Smallest transferable unit) Write-down percentage: 40,1234567% 40,1234567% Conversion percentage: 30,1234567% 30,1234567% Effective conversion rate: 0,720000000 0,720000000 Amount per unit to be used for conversion: EUR 301,2345670() EUR 301,2345670() Accrued interest per unit to be used for conversion: EUR 7,5308641() EUR 7,5308641() Current charges per unit to be used for conversion: n.a. n.a. Denominator of the technical conversion ratio: 222,3111103() 222,3111103() Technical conversion ratio (rounded down): EUR 1.000,00: 222,0000000 1 unit : 222,0000000 Notwithstanding the rounding down of the number of new shares resulting from the conversion as provided for in the Reso￾lution Order, the decimal place conventions set out in Chapter V.4.1.1.3 must be considered for all other information in the detailed list of instruments. The corresponding columns are filled in as follows:
Column „Denomination (old)“: EUR 1.000,00 EUR 1.000,00 Column „Total reduction of Denomination (old) in %“: 70,2469134 70,2469134 Column „Denomination (new)“: 297,53 297,53 Column „Worthless withdrawal of Denomination (old) in %“: 40,1234567 40,1234567 Column „Numerator of the booking ratio […]“: EUR 1.000,00 EUR 1.000,00 Column „Denominator of the booking ratio […]“: 297,5308660 297,5308660 Column „Conversion percentage of Denomination (old) […]“: 30,1234567 30,1234567 Column „Numerator of the conversion ratio […]“: 1.000,00 1 Stück Column „Denominator of the conversion ratio […]“: 222,0000000 222,0000000 The amounts are calculated as follows:
() Amount per unit to be used for conversion: EUR 301,2345670(…) = 1.000,(…) * 30,1234567% () Accrued interest per unit to be used for conversion: EUR 7,5308641(…) = 25,(…) * 30,1234567% () Denominator of the technical conversion ratio: 222,3111103 = (EUR 308,7654311(…) * 0,720000000) / EUR 1 Note: When calculating the number of new shares or the denominator of the technical conversion ratio, the outstanding nominal value per unit or Denomination (old) as well as the ccrued interest per unit must be applied with the maximum possible number of decimal places. This is shown in the calculation examples with the brackets “(…)” after the decimal separator.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 181 of 305
4.1.1.4 Annex II.2 – Detailed list of instruments for percentage-quoted structured
bearer bonds
For percentage-quoted structured bearer bonds, a separate detailed list of instruments is used as described below. The detailed list of instruments for percentage-quoted structured bearer bonds contains specific infor￾mation for each XS ISIN affected by the bail-in, which is required by the NNA and the CSD for the bail-in implementation. The detailed list of instruments is provided as MS Excel file. For each technical scenario (scenarios 3 to 6), a separate spreadsheet is to be used within the MS Excel file. A template for the detailed list of instruments for percentage-quoted structured bearer bonds is provided to the institutions as part of the resolution planning activities on request. Conventions for filling out detailed lists of instruments for percentage-quoted structured bearer bonds:

• All value declarations in the detailed list of instruments for percentage-quoted structured bearer
  bonds are listed with decimal places. The decimal places must be rounded down. With regard to the number of decimal places, the following conventions are to be followed:
• Column “Outstanding Aggregate Principal Amount […]”:(old)”: 2 decimal places
• Column “Outstanding Aggregate Principal Amount (new)”: 2 decimal places
• Column “Numerator of the Multiplier (old)”: 2 decimal places
• Column “Denominator of the Multiplier (old)”: 7 decimal places
• Column “Numerator of the Multiplier (new)”: 2 decimal places
• Column “Denominator of the Multiplier (new)”: 7 decimal places
• Column “Denomination (old)”: 2 decimal places
• Column “Total reduction of the instrument in %”: 7 decimal places
• Column “Denomination (new)”: 2 decimal places
• Column “Pool Factor (old)”: 9 decimal places
• Column “Pool Factor (new)”: 9 decimal places
• Column “Minimum Amount Payment (old)”: 9 decimal places
• Column “Minimum Amount Payment (new)”: 9 decimal places
• Column “Cap Amount Payment (old)”: 9 decimal places
• Column “Cap Amount Payment (new)”: 9 decimal places
• Column “Bonus Amount Payment (old)”: 9 decimal places
• Column “Bonus Amount Payment (new)”: 9 decimal places
• Column “Write-down percentage of the instrument (in %)”: 7 decimal places
• Column “Conversion percentage of the instrument into new shares (in %)”: 7 decimal places
• Column “Numerator of the conversion ratio […]”: 2 decimal places
• Column “Denominator of the conversion ratio […]”: 7 decimal places
• Column “Fair Value”: 7 decimal places
• Column “Numerator of the conversion ratio […]”: 2 decimal places
• Column “Denominator of the conversion ratio […]”: 7 decimal places
• Column “Numerator of the exercise ratio […]”: 7 decimal places
• Column “Denominator of the exercise ratio […]”: 7 decimal places
• Date format: DD.MM.YYYY
• No blank characters in the cells
• If a field is not relevant, it has to be filled with ”n.a”.
• In the number representation, a point is to be used as thousand separator and a comma as decimal
  separator (e.g. 1.000,00).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 182 of 305 The tables below include examples of the technical scenarios 1 to 6 and explanatory notes to the fields to be filled. Note 1: Notwithstanding the fact that in the detailed list of instruments the fair value has to be stated with 2 decimal places, when calculating the number of new shares the fair value has to be applied with the maximum possible number of decimal places. Note 2: It should be noted that the resolution orderResolution Order may provide for the number of new shares resulting from the conversion to be rounded down to a full amount (e.g. from 221,6 shares to 221 shares). The rounding off always takes place at the level of the individual liability, e.g. in the case of securities at the unit level. In this case, the central securities depository and the custodian banks do not have to round off the fractional amounts (fractional shares) per participant (see background information in chapter IVChap￾ter V.2.13). The bank must consider that the number of new shares rounded down to a full amount with 7 decimal places (e.g. 221,0000000) must be entered in the column "Denominator of the conversion ratio [...]" of the detailed list of instruments. If, as a result of rounding down, the number of shares is zero and the technical scenario is 3 (full reduction with conversion), the corresponding instruments are to be allocated to technical scenario 4 (full reduction without conversion). In the case of technical scenario 5 (partial reduction with conversion), the instruments are allocated to technical scenario 6 (partial reduction without conversion). See also Figure 8Figure 12 in
Chapter V.4.1.1.3.
Note 3: It should be taken into account that the effective conversion rate specified in the resolution or￾derResolution Order (see background information in Chapter V.4.1.1.3) can be zero for some ranks of the bail-in sequence. Regardless of the level of the conversion percentage, no new shares will be allotted to the instruments of the corresponding ranks in this case. If these instruments are reduced in full by conversion or conversion in combination with write-down (technical scenario 3), they are to be assigned to technical sce￾nario 4 (full reduction without conversion). If the instruments are partially reduced by conversion or conver￾sion in combination with write-down (technical scenario 5), these are to be assigned to technical scenario 6 (partial reduction without conversion).71 See also Figure 8Figure 12 in Chapter V.4.1.1.3. Note 4: For reasons of simplification, the information in the following tables deviates in part from the deci￾mal place conventions stated above. Note 5: Because relatively few structured debt instruments are issued with a pool factor, corresponding ex￾amples are not given in the tables below. The pool factor must be reduced to the same extent as the param￾eters shown, i.e. according to the write-down and conversion percentages

71 The resolution authority reserves the right to coordinate, in a resolution case, the technical treatment of further special cases not described herein with the bank.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 183 of 305 Scenario 3: Full reduction of percentage-quoted structured bonds WITH delivery of new shares72 ISIN of the instruments affected by Bail-in CBF Record -Date CBF Settlement -Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note (old) Denomination (old) Total reduction of the instrument in % DenominationOutstand- ing Aggregate Principal Amount (new) Write-down percentage of the instrument (in %) Conversion percentage of the instrument into new shares (in %) Fair Value Numerator of the conversion ratio based on Denomination Multiplier (old) (Denomination (old) )/ (amount of new shares) Denominator of the conversion ratio based on Denomination Multiplier (old) (Denomination (old) )/ (amount of new shares) ISIN for Numerator of the Multiplier (new shares) Denominator of the Multiplier (new) Numerator of the exer￾cise ratio based on total reduction (Denomination (old) )/ (Denomination (new) ) Denominator of the ex￾ercise ratio based on to￾tal reduction (Denomination (old) )/ (Denomination (new) ) Scenario 373Pool Factor (old) Pool Factor (new) Minimum Amount Payment (old) Minimum Amount Payment (new) ISIN 06.12.2 020 0807.1
2.2020 40050.000.000 0 1.000 1009,
57 0 0
100 900
1.000 0648
,000 ISINn.a.
1.000 n.a.
0n.a.
3a n.a.
ISIN 06.12.2
020
0807.1
2.2020 40050.000.000 0 1.000 1009,
57 0 400
60 900
1.000 0388
,800 ISINn.a.
1.000 n.a.
0n.a.
3b n.a.
ISIN 06.12.2
020
07.12.2
020 50.000.000 0 1.000 9,57 0 0 1.000 0 n.a. n.a. n.a. n.a.
ISIN 06.12.2
020
07.12.2
020 50.000.000 0 1.000 9,57 0 0 1.000 0 n.a. n.a. n.a. n.a.
Cap Amount
Payment (old)
Cap Amount
Payment (new)
Bonus Amount
Payment (old)
Bonus Amount
Payment (new)
ISIN of the underlying
Write-down percent￾age of the instrument
(in %)
Conversion percent￾age of the instrument into new shares (in %) ISIN for new shares Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/(amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/(amount of new shares) Fair Value Unit of quotation Currency Scenario [ ● ] n.a. n.a. n.a. n.a. ISIN 0 100 ISI N
1.000 648,000 900
percent￾age￾quoted
EUR
3a
WT
NV
… n.a. n.a. n.a. n.a. ISIN 0 100 ISI
N
1.000 324,000 450
percent￾age￾quoted
DM
3a
WT
NV
…

72 In all examples of scenario 3 for percentage-quoted structured bearer bonds, aAn effective conversion rate of 0,72 wasis assumed for all scenario 3 examples. 73 The column "Scenario" is for information purposes only and not to be included in the detailed list of instruments. Gelöschte Zellen Gelöschte Zellen Gelöschte Zellen Gelöschte Zellen Gelöschte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Gelöschte Zellen Gelöschte Zellen

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 184 of 305 n.a. n.a. n.a. n.a. ISIN 40 60 ISI N
1.000 388,800 900
percent￾age￾quoted
EUR
3b
WT
NV
… n.a. n.a. n.a. n.a. ISIN 40 60 ISI
N
1.000 194,400 450
percent￾age￾quoted
DM
3b
WT
NV
…
Table 33: ExcerptExtract from detailed list of instruments (percentage-quoted structured BBs) – scenario 3
Scenario 4: Full reduction of structured bonds WITHOUT delivery of new shares

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 185 of 305 Scenario 5: Partial3: Full reduction of structured bonds quoted in units WITH delivery of new shares74
Table 34: Extract from detailed list of instruments (unit-quoted structured BBs) – scenario 3

74 In all examples of scenario 5 for structured bearer bonds, aAn effective conversion rate of 0,72 wasis assumed for all scenario 3 examples. ISIN of the instruments affected by Bail-in CBF Record -Date CBF Settlement - Date Outstanding Aggregate Principal Amount according to Global Certifi￾cate/Global Note(old) Denomination (old)Outstanding Aggregate Principal Amount (new) Total reductionNu￾merator of the instrument in %Multiplier (old) Denomination (new)Denominator of the Multiplier (old) Write-down per￾centageNumerator of the instrument (in %)Multiplier (new) Conversion per￾centageDenomina￾tor of the instrument into Multiplier (new shares (in %)) Denomination (old)Fair Value Numerator of the conversion ratio based on Denomi￾nation (old) (Denomination (old))/ (amount of new shares) Denominator of the conversion ratio based on Denomi￾nation (old) (Denomination (old) )/ (amount of new shares)Pool Factor (old) ISIN for Pool Fac￾tor (new shares) Numerator of the exercise ratio based on total reduction (Denomina￾tionMinimum Amount Payment (old) )/ (Denomination (new) ) Denominator of the exercise ratio based on to￾tal reduction (Denomination (old) )/ (Denomina￾tionMinimum Amount Payment (new) ) ISIN 06.12.2020 0807.12.20 20 400.00010.000 1.0000
1001.000 06,97 1000 0n.a. 9001.000 0n.a. n.a. n.a. 1.000n.a. 0n.a.
ISIN 06.12.2020 07.12.2020 200.000 0 1 1 0 0 n.a. n.a. n.a. n.a. n.a. n.a.
ISIN 06.12.2020 07.12.2020 10.000 0 1.000 6,97 0 0 1.000 0 n.a. n.a. n.a. n.a.
ISIN 06.12.2020 07.12.2020 200.000 0 1 1 0 0 n.a. n.a. n.a. n.a. n.a. n.a. Cap Amount Payment (old) Cap Amount Payment (new) Bonus Amount Payment (old) Bonus Amount Payment (new) ISIN of the underlying Write-down percentage of the instrument (in %) Conversion percentage of the instrument into new shares (in %) ISIN for new shares Numerator of the conversion ratio based on smallest transferable unit (smallest transfera- ble unit)/(amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transfera- ble unit)/(amount of new shares) Fair Value Unit of quotation Currency Scenario [ ● ] n.a. n.a. n.a. n.a. ISIN 0 100 ISIN 1.000 648,000 900 unit￾quoted EUR 3a WT NV … 120 0 n.a. n.a. ISIN 0 100 ISIN 1 82,800 115 unit￾quoted EUR 3a WO NV … n.a. n.a. n.a. n.a. ISIN 40 60 ISIN 1.000 388,800 900 unit￾quoted EUR 3b WT NV … 120 0 n.a. n.a. ISIN 40 60 ISIN 1 49,680 115 unit￾quoted EUR 3b WO NV … WO: Without; WT: With; NV: Nominal Value; Example: “3a WO NV” stands for – Scenario 3a WITHOUT nominal value.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 186 of 305 Scenario 4: Full reduction of percentage-quoted structured bonds WITHOUT delivery of new shares ISIN of the instruments affected by Bail-in CBF Record -Date CBF Settlement -Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note(old) Denomination (old) Total reduction of the instrument in % Denomination Outstanding Aggregate Principal Amount (new) Write-down percentage of the instrument (in %) Conversion percentage of the instrument into new shares (in %) Fair Value Numerator of the conversion ratio based on Denomination Multiplier (old) (Denomination (old) )/ (amount of new shares) Denominator of the conversion ratio based on Denomination Multiplier (old) (Denomination (old) )/ (amount of new shares) ISIN for Numerator of the Multiplier (new shares) Denominator of the Multiplier (new) Numerator of the exercise ratio based on total reduc￾tion (Denomination (old) )/ (Denomination (new) ) Denominator of the exercise ratio based on total reduc￾tion (Denomination (old) )/ (Denomination (new) ) Pool Factor (old)Scenario 575 Pool Factor (new) Minimum Amount Payment (old) Minimum Amount Payment (new) ISIN 06.12.2 020 0807.1
2.2020 400.000.000 n.a. 1.000
309,5
7
7000 0
30 900
1.000
019
4,40
0
ISINn.a.
1.00
0n.a.
700n. a.
5a n.a.
ISIN 06.12.2
020
0807.1
2.2020 400.000.000 n.a. 1.000 709,5
7
3000 300
40 900
1.000
025
9,20
0
ISINn.a.
1.00
0n.a.
300n. a.
5b n.a.
Cap Amount Payment (old)
Cap Amount Payment (new)
Bonus Amount Payment (old)
Bonus Amount Payment (new)
ISIN of the underlying
Write-down percentage of the instrument (in %) Conversion percentage of the in￾strument into new shares (in %) ISIN for new shares Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Fair Value Unit of quotation Currency Scenario [ ● ] n.a. n.a. n.a. n.a. ISIN 100 n.a. ISI N n.a. n.a. 900 percent￾age￾quoted EUR 4 WT NV … n.a. n.a. n.a. n.a. ISIN 100 n.a. ISI N n.a. n.a. 450 percent￾age￾quoted DM 4 WT NV …
Table 35: ExcerptExtract from detailed list of instruments (percentage-quoted structured BBs) – scenario 54

75 The column "Scenario" is for information purposes only and not to be included in the detailed list of instruments. Gelöschte Zellen Gelöschte Zellen Gelöschte Zellen Gelöschte Zellen Gelöschte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen Gelöschte Zellen Gelöschte Zellen

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 187 of 305 Scenario 6: Partial4: Full reduction of structured bonds quoted in units WITHOUT delivery of new shares ISIN of the instruments affected by Bail-in CBF Record -Date CBF Settlement -Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note(old) Outstanding Aggregate Principal Amount (new)Denomination (old) Total reductionNumera- tor of the instrument in % Multiplier (old) Denominator of the Multiplier (old)Denomination (new) Write-down percentage- Numerator of the Instrument (in %)Multi- plier (new) Conversion per￾centageDenominator of the instrument into new shares (in %)Multiplier (new) Denomination (old)Fair Value Numerator of the conversion ratio based on Denomination (old) (Denomination (old) )/ (amount of new shares) Denominator of the conversion ratio based on Denomination (old) (Denomination (old) )/ (amount of new shares)Pool Factor (old) ISIN for Pool Factor (new shares) Numerator of the exercise ratio based on total reduc￾tion (DenominationMinimum Amount Payment (old) )/ (Denomination (new) ) Denominator of the exer￾cise ratio based on total reduction (Denomination (old) )/ (DenominationMinimum Amount Payment (new) ) ISIN 06.12.2020 0807.12.20 20 400.00010.000 1.000n.a. 601.000 4006,97 600 0n.a. 9001.000 0n.a. n.a. n.a. 1.000n.a. 400n.a. ISIN 06.12.2020 07.12.2020 200.000 n.a. 1 1 0 0 n.a. n.a. n.a. n.a. n.a. n.a. Cap Amount Payment (old) Cap Amount Payment (new) Bonus Amount Payment (old) Bonus Amount Payment (new) ISIN of the underlying Write-down percentage of the instrument (in %) Conversion percentage of the instrument into new shares (in %) ISIN for new shares Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Fair Value Unit of quotation Currency Scenario [ ● ] n.a. n.a. n.a. n.a. ISIN 100 n.a. ISIN n.a. n.a. 900 unit-quoted EUR 4 WT NV … 120 0 n.a. n.a. ISIN 100 n.a. ISIN n.a. n.a. 115 unit-quoted EUR 4 WO NV … WO: Without; WT: With; NV: Nominal Value; Example: “4 WO NV” stands for – Scenario 4 WITHOUT nominal value.
Table 36: ExcerptExtract from detailed list of instruments (unit-quoted structured BBs) – scenario 4

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 188 of 305 Scenario 5: Partial reduction of percentage-quoted structured BBs) – scenario 6bonds WITH delivery of new shares76 ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Numerator of the Multiplier (old) Denominator of the Multiplier (old) Numerator of the Multiplier (new) Denominator of the Multiplier (new) Denomination (old) Denomination (new) Pool Factor (old) Pool Factor (new) Minimum Amount Payment (old) Minimum Amount Payment (new) ISIN 06.12.2020 07.12.2020 50.000.000 35.000.000 1.000 9,57 700 6,69 1.000 700 n.a. n.a. n.a. n.a. ISIN 06.12.2020 07.12.2020 50.000.000 35.000.000 1.000 9,57 700 6,69 1.000 700 n.a. n.a. n.a. n.a. ISIN 06.12.2020 07.12.2020 50.000.000 15.000.000 1.000 9,57 300 2,87 1.000 300 n.a. n.a. n.a. n.a. ISIN 06.12.2020 07.12.2020 50.000.000 15.000.000 1.000 9,57 300 2,87 1.000 300 n.a. n.a. n.a. n.a. Cap Amount Payment (old) Cap Amount Payment (new) Bonus Amount Payment (old) Bonus Amount Payment (new) ISIN of the underlying Write-down percentage of the instrument (in %) Conversion percentage of the instrument into new shares (in %) ISIN for new shares Numerator of the conversion ratio based on smallest trans- ferable unit(smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest trans- ferable unit (smallest transferable unit)/ (amount of new shares) Fair Value Information to be provided within the detailed list of instru- ments for percent- age-quoted struc- tured bearer bonds – technical scenarios 3- 6Unit of quotation Currency Scenario [ ● ] n.a. n.a. n.a. n.a. ISIN 0 30 ISIN 1.000 194,400 900 percentage￾quoted EUR 5a WT NV … n.a. n.a. n.a. n.a. ISIN 0 30 ISIN 1 97,200 450 percentage￾quoted DM 5a WO NV … n.a. n.a. n.a. n.a. ISIN 30 40 ISIN 1.000 259,200 900 percentage￾quoted EUR 5b WT NV … n.a. n.a. n.a. n.a. ISIN 30 40 ISIN 1 129,600 450 percentage￾quoted DM 5b WO NV …
Table 37: Extract from detailed list of instruments (percentage-quoted structured BBs) – scenario 5

76 An effective conversion rate of 0,72 is assumed for all scenario 5 examples.
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen
Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 189 of 305 Scenario 5: Partial reduction of structured bonds quoted in units WITH delivery of new shares77 ISIN of the instru- ments affected by Bail-in CBF Record-Date CBF Settlement- Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Numerator of the Multiplier (old) Denominator of the Multiplier (old) Numerator of the Multiplier (new) Denominator of the Multiplier (new) Denomination (old) Denomination (new) Pool Factor (old) Pool Factor (new) Minimum Amount Payment (old) Minimum Amount Payment (new) ISIN 06.12.2020 07.12.2020 10.000 10.000 1.000 9,57 700 6,69 1.000 700 n.a. n.a. n.a. n.a. ISIN 06.12.2020 07.12.2020 200.000 200.000 1 0,7 n.a. n.a. n.a. n.a. n.a. n.a. ISIN 06.12.2020 07.12.2020 10.000 10.000 1.000 9,57 300 2,87 1.000 300 n.a. n.a. n.a. n.a. ISIN 06.12.2020 07.12.2020 200.000 200.000 1 0,3 n.a. n.a. n.a. n.a. n.a. n.a. Cap Amount Payment (old) Cap Amount Payment (new) Bonus Amount Payment (old) Bonus Amount Payment (new) ISIN of the underlying Write-down percentage of the instrument (in %) Conversion percentage of the instrument into new shares (in %) ISIN for new shares Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Fair Value Unit of quotation Currency Scenario [ ● ] n.a. n.a. n.a. n.a. ISIN 0 30 ISIN 1.000 194,400 900 unit-quoted EUR 5a WT NV … 120 84 n.a. n.a. ISIN 0 30 ISIN 1.000 24,840 115 unit-quoted EUR 5a WO NV … n.a. n.a. n.a. n.a. ISIN 30 40 ISIN 1.000 259,200 900 unit-quoted EUR 5b WT NV … 120 84 n.a. n.a. ISIN 30 40 ISIN 1.000 33,120 115 unit-quoted EUR 5b WO NV …
Table 38: Extract from detailed list of instruments (unit-quoted structured BBs) – scenario 5

77 An effective conversion rate of 0,72 is assumed for all scenario 5 examples.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 190 of 305 Scenario 6: Partial reduction of percentage-quoted structured bonds WITHOUT delivery of new shares ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Numerator of the Multiplier (old) Denominator of the Multiplier (old) Numerator of the Multiplier (new) Denominator of the Multiplier (new) Denomination (old) Denomination (new) Pool Factor (old) Pool Factor (new) Minimum Amount Payment (old) Minimum Amount Payment (new) ISIN 06.12.2020 07.12.2020 400.000.000 160.000.000 1.000 3,82 600 1,52 1.000 400 n.a. n.a. n.a. n.a. ISIN 06.12.2020 07.12.2020 400.000.000 160.000.000 1.000 3,82 600 1,52 1.000 400 n.a. n.a. n.a. n.a. Cap Amount Payment (old) Cap Amount Payment (new) Bonus Amount Payment (old) Bonus Amount Payment (new) ISIN of the underlying Write-down percentage of the instrument (in %) Conversion percentage of the instrument into new shares (in %) ISIN for new shares Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Fair Value Unit of quotation Currency Scenario [ ● ] n.a. n.a. n.a. n.a. ISIN 60 n.a. ISIN n.a. n.a. 900 percentage￾quoted EUR 6 WT NV … n.a. n.a. n.a. n.a. ISIN 60 n.a. ISIN n.a. n.a. 450 percentage￾quoted DM 6 WT NV …
Table 39: Extract from detailed list of instruments (percentage-quoted structured BBs) – scenario 6

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 191 of 305 Scenario 6: Partial reduction of structured bonds quoted in units WITHOUT delivery of new shares ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Numerator of the Multiplier (old) Denominator of the Multiplier (old) Numerator of the Multiplier (new) Denominator of the Multiplier (new) Denomination (old) Denomination (new) Pool Factor (old) Pool Factor (new) Minimum Amount Payment (old) Minimum Amount Payment (new) ISIN 06.12.2020 07.12.2020 10.000 10.000 1.000 9,57 400 3,82 1.000 400 n.a. n.a. n.a. n.a. ISIN 06.12.2020 07.12.2020 200.000 200.000 1 0,4 n.a. n.a. n.a. n.a. n.a. n.a. Cap Amount Payment (old) Cap Amount Payment (new) Bonus Amount Payment (old) Bonus Amount Payment (new) ISIN of the underlying Write-down percentage of the instrument (in %) Conversion percentage of the instrument into new shares (in %) ISIN for new shares Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Fair Value Unit of quotation Currency Scenario [ ● ] n.a. n.a. n.a. n.a. ISIN 60 n.a. ISIN n.a. n.a. 900 unit-quoted EUR 6 WT NV … 120 48 n.a. n.a. ISIN 60 n.a. ISIN n.a. n.a. 115 unit-quoted EUR 6 WO NV … WO: Without; WT: With; NV: Nominal Value; Example: “6 WO NV” stands for – Scenario 6 WITHOUT nominal value.
Table 40: Extract from detailed list of instruments (unit-quoted structured BBs) – scenario 6

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 192 of 305 Information to be provided within the detailed list of instruments for percentage- and unit-quoted structured bearer bonds – technical scenarios 3-6 Information Explanatory notes ISIN (Stammgattung pro￾zentnotierte strukturierte ISV) ISIN of the instruments af￾fected by Bail-in ISIN of structured bearer bond affected by the bail-in. Data point 1.4 [Unique identifier known to the counterparty] according to MaBail-in or DE-IRT-Bail-in-Guidance. CBF Stichtag der Maßnahme CBF Record Date Date on which the bail-in is implemented technically in the systems of the CSD. To be entered in consultation with CSD. CBF Erfüllungstag CBF Settlement Date Date on which the settlement of a business transaction (delivery and pay￾ment) occurs. To be entered in consultation with CSD. Ausstehender Gesamtnenn￾wert gemäß der (alt) Globalurkunde Outstanding Aggregate Prin￾cipal Amount according to Global Certificate/Global Note(old) Current total nominal value actually Percentage-quoted structured bearer bonds: the current aggregate principal amount outstanding in cir￾culation in the original currency EUR according to the global certificate for the respectiverelevant ISIN. WM data field GD650A [Volume outstanding]. Data point 2.89 [Nominal amountvalue of the global note in EUR] accord￾ing to MaBail-in or DE-IRT-Bail-in-Guidance. Structured bearer bond quoted in units: Current total number of units actually outstanding for the relevant ISIN. WM data field GD650A [Volume outstanding]. The sum of data point 2.4 [Number of units outstanding without units held by the resolution entity)] and data point 2.5 [Number of units outstanding held by the resolution entity] according to MaBail-in or DE-IRT-Bail-in￾Guidance. NW zum Stück (alt) Denomination (old) The outstanding principal amount per unit of the instrument on the re￾quest date in original currency EUR. Data point 2.2 [Outstanding principal amount per security in EUR] accord￾ing to MaBail-in or DE-IRT-Bail-in-Guidance.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 193 of 305 Information to be provided within the detailed list of instruments for percentage- and unit-quoted structured bearer bonds – technical scenarios 3-6 Information Explanatory notes Gesamtreduzierung des In￾struments in % Total reduction of the instru￾ment in %Ausstehender Ge￾samtnennwert (neu) Outstanding Aggregate Prin￾cipal Amount (new) If pursuant toPercentage-quoted structured bearer bonds: the resolu￾tion order a part of aggregate principal amount in the instrument is to be written down and another part is to be converted into new shares, this field includes original currency for the sum (relevant ISIN after write-down and conversion. Structured bearer bonds quoted in units: the total reduction rate)num￾ber of units for the relevant ISIN after write-down and conversion. WM data field GD650A [Volume outstanding] is used for both percent￾age and the conversion percentage. Example:
If the write-down percentage is 30 and the conversion percentage is 40, the total reduction rate is 70.-quoted structured bearer bonds and struc￾tured bearer bonds quoted in units. If either the write-down or the conversion applies to one instrument as a sole measure, only the applicable write-down or conversion percentage has to be stated in this field. If, for instance, for one ISIN only the write￾down is applicable and the write-down percentage is 60, then 60% has to be stated in this field as total reduction rate. Zähler des Bezugs￾verhältnisses (alt) Numerator of the multiplier (old) Numerator of the multiplier before write-down and conversion WM data field UD010D (old) [Numerator for multiplier (German method)]. Nenner des Bezugsverhält￾nisses (alt) Denominator of the multiplier (old) Denominator of the multiplier before write-down and conversion WM data field UD011D (old) [Denominator for multiplier (German method)]. Zähler des Bezugsverhält￾nisses (neu) Numerator of the multiplier (new) Numerator of the multiplier after write-down and conversion WM data field UD010D (new) [Numerator for multiplier (German method)]. Nenner des Bezugsverhält￾nisses (neu) Denominator of the multiplier (new) Denominator of the multiplier after write-down and conversion WM data field UD011D (new) [Denominator for multiplier (German method)].

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 194 of 305 Information to be provided within the detailed list of instruments for percentage- and unit-quoted structured bearer bonds – technical scenarios 3-6 Information Explanatory notes NW zum Stück (alt) Denomination (old) The outstanding nominal value per unit of the instrument on the request date in original currency. In the case of percentage-quoted structured bearer bonds, the out￾standing nominal value per unit is the amount in WM data field GD455A [Smallest transferable unit]. Data point 2.3 [Outstanding nominal value per unit in EUR] according to MaBail-in or DE-IRT-Bail-in-Guidance. For structured bearer bond quoted in units, the outstanding nominal value per unit, if available, is the amount in WM data field GD460A [Nomi￾nal value per unit]. Data point 2.3 [Outstanding nominal value per unit in EUR] according to MaBail-in or DE-IRT-Bail-in-Guidance. NW zum Stück (neu) Denomination (new) New nominal valuedenomination of the instrument in the original currency after reduction by write-down and conversion in original currency EUR. Example:
If theFor an outstanding principal amount is nominal value of EUR 1.000 and the resolution order includes a write-down percentage of 40% and a conversion percentage of 30% in accordance with the Resolution Order, the new nominal value is EUR 300. Poolfaktor (alt) Pool factor (old) The pool factor of the structured bearer bond on the request date. Data point 2.11 [Current pool factor (if applicable)] according to MaBail-in or DE-IRT-Bail-in-Guidance. Poolfaktor (neu) Pool factor (new) New pool factor, valid as of the effective date of resolution. Mindestbetrag (alt) Minimum amount (old) The minimum amount of the structured bearer bond before write-down and conversion. Mindestbetrag (neu) Minimum amount (new) The minimum amount of the structured bearer bond after write-down and conversion. Höchstbetrag (alt) Cap (old) The maximum amount (cap) of the structured bearer bond before write￾down and conversion. Höchstbetrag (neu) Cap (new) The maximum amount (cap) of the structured bearer bond after write￾down and conversion.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 195 of 305 Information to be provided within the detailed list of instruments for percentage- and unit-quoted structured bearer bonds – technical scenarios 3-6 Information Explanatory notes Bonusbetrag (alt) Bonus amount (old) The bonus amount of the structured bearer bond before write-down and conversion. Bonusbetrag (neu) Bonus amount (new) The bonus amount of the structured bearer bond after write-down and conversion. ISIN des Basiswerts ISIN of the underlying ISIN of the underlying. Herabschreibungsprozent￾satz (in %) Write-down percentage (in %) If the instrument is to be written down fully (or partially),) written down, the write-down percentage has to be stated in this field in accordance with the resolution orderResolution Order. Example:
The write-down percentage for the percentage-quoted structured bearer bond is 30% according to the resolution order.Resolution Order. 30 has toshould be entered in this field. Umwandlungsprozentsatz (in %) Conversion percentage into new shares (in %) If the instrument is to be converted into new shares, the conversion per￾centage has to be stated in this field in accordance with the resolution or￾derResolution Order. Example:
The conversion percentage for the percentage-quoted structured bearer bond is 40% according to the resolution order.Resolution Order. 40 should be entered in this field. Fair Value Current market value of the percentage-quoted structured bearer bond in EUR. Data point 2.51 [Current market value/fair value of the structured product (see annex II, item 2.51)] according to MaBail-in or DE-IRT-Bail-in-Guid￾ance. technisches Umwandlungs￾verhältnis Zähler (Einbu￾chung von Aktien in Bezug auf alten NW des Instru￾ments) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/(amount of new shares) Numerator of the technical conversion ratio expressed as:
Nominal value (old) in original currency EUR : Number of new shares (x.xxx in EUR : x,xxx new shares). Example:
1.000 : 18
1.000 has to be entered in this field as numerator.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 196 of 305 Information to be provided within the detailed list of instruments for percentage- and unit-quoted structured bearer bonds – technical scenarios 3-6 Information Explanatory notes technisches Umwandlungs￾verhältnis Nenner (Einbu￾chung von Aktien in Bezug auf alten NW des Instru￾ments) Denominator of the conver￾sion ratio based on Denomi￾nation (old) (Denomination (old))/(amount of new shares) Denominator of the technical conversion ratio expressed as:
Nominal value (old) in original currency EUR : Number of new shares (x.xxx in EUR : x,xxx new shares). Example:
1.000 : 18
18 has to be entered in this field as denominator.
Aktien ISIN-NEU
ISIN for new shares ISIN for new shares (as provided by NNA in task 4). technisches Ausübungsver￾hältnisUmwandlungsver￾hältnis Zähler (NW alt) be￾zogenEinbuchung von Ak￾tien in Bezug Zähler auf Ge￾samtreduzierungdie kleinste übertragbare Einheit des In￾struments) Numerator of the exer￾ciseconversion ratio based on Denomination (old)the small￾est transferable unit (Denomination (old))/(De￾nomination (new))(smallest transferable unit/amount of new shares) Numerator of the technical exerciseconversion ratio expressed as:
Nominal value (old)Smallest transferable unit in original currency EUR :
Nominal value (: Number of new) in EUR shares (x.xxx in EUR original cur￾rency: x.,xxx in EURnew shares). Example:
A percentage-quoted structured bearer bond is reduced by a total of 70% due to write-down (30%) and conversion (40%). The technical exercise ratio is:
1.000 : 30018
1.000 has to be entered in this field as numerator.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 197 of 305 Information to be provided within the detailed list of instruments for percentage- and unit-quoted structured bearer bonds – technical scenarios 3-6 Information Explanatory notes technisches Ausübungsver￾hältnisUmwandlungsver￾hältnis Nenner (NW neu) bezogenEinbuchung on Ak￾tien in Bezug auf Gesamtre￾duzierungkleinste übertrag￾bare Einheit des Instru￾ments) Denominator of the exer￾ciseconversion ratio based on Denomination (old)the small￾est transferable unit (Denomination (old))/(De￾nomination (new))(Smallest transferable unit/amount of new shares) Denominator of the technical exerciseconversion ratio expressed as:
Nominal value (old)Smallest transferable unit in original currency EUR :
Nominal value (: Number of new) in EUR shares (x.xxx in EURoriginal cur￾rency : x.,xxx in EURnew shares). Example:
1.000 : 30018
30018 has to be entered in this field as denominator.
Fair Value
Current market value of the structured bearer bond in EUR.
Data point 2.57 [Current market value/fair value per unit of the structured bearer bond (see Appendix II, item 2.51)] according to MaBail-in or DE-IRT￾Bail-in-Guidance. Art der Börsennotiz Unit of quotation Type of stock exchange quotation for the security, e.g. “percentage￾quoted“ or “unit-quoted”. Szenario Scenario Corresponding technical scenario 3–6 for structured bearer bonds. Währung Currency Original currency of the structured bearer bond Data point 1.8 [Currency in which the instrument or liability was issued] ac￾cording to MaBail-in or DE-IRT-Bail-in-Guidance. [●] The number of lines and columns can vary. Other features relevant to the reduction of the structured bearer bond at the discretion of the bank, such as strike price, barrier, redemption thresh￾olds, participation factor, etc. If a structured bearer bond relates to several underlyings and there are therefore several reference parameters (e.g. multiplier 1, multiplier 2, etc.), one line must be filled in accordingly for each underlying in the detailed list of instruments.
Table 41: Explanatory notes, detailed list of instruments (percentage-quoted, str.structured BBs) – scenarios 3-6

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 198 of 305 Background information:
Example: Technical conversion ratio (percentage-quoted structured bearer bonds) and rounding down For structured bearer bonds, the calculation of the number of new shares resulting from the conversion is based on the fair value. Assume that a structured bearer bond issued by the institution is partly written down and partly converted into new shares (technical scenario 5). The structured bearer bond has a nominal value of EUR 1.000 before the effective date of the resolution. The fair value was estimated at EUR 900. According to the resolution order, the write-down and conversion percentages are 40,1234567% and 30,1234567%. Further￾more, an effective conversion rate of 0,72 is specified in the resolution order. The number of shares resulting from the conversion must be rounded down. The issue amount per share is EUR 1. The technical conversion ratio is determined as follows:
Numerator of the technical conversion ratio: EUR 1.000,00 Write-down percentage: 40,1234567% Conversion percentage: 30,1234567% Conversion rate: 0,72 Current market value/fair value: 900,00 EUR Amount per unit to be used for conversion: EUR 271,1111103(…) = 900,(…) * 30,1234567% Denominator of the technical conversion ratio: 195,1999994 = (271,1111103(… * 0,72) / 1 EUR Technical conversion ratio (rounded down): EUR 1.000,00 : 195,0000000 Notwithstanding the rounding down of the number of new shares resulting from the conversion as part of the resolu￾tion order, in the detailed list of instruments, the decimal place conventions set out in Chapter IV.4.1.1.4 must be con￾sidered for all other information. The corresponding columns are filled in as follows:
Column “Total reduction of the instrument in %”: 70,2469134 Column “Write-down percentage of the instrument (in %)”: 40,1234567 Column “Conversion percentage of the instrument […]”: 30,1234567 Column “Fair Value”: 900,0000000 Column “Numerator of the exercise ratio […]”: 1.000,0000000 Column “Denominator of the exercise ratio […]”: 297,5308660 Column "Numerator of the conversion ratio [...]": 1.000,00 Column “Denominator of the conversion ratio […]”: 195,0000000 Note: When calculating the number of new shares or the denominator of the technical conversion ratio, the fair value must be applied with the maximum possible number of decimal places. This is shown in the calculation examples with the brackets “(…)” after the decimal separator.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 199 of 305 Background information:
Example: Technical conversion ratio (structured bearer bonds) and round￾ing down In the case of structured bearer bonds, the number of new shares resulting from conversion is calculated on the basis of the fair value. Assume that a structured bearer bond issued by the institution is partly written down and partly converted into new shares (technical scenario 5). The structured bearer bond has a nominal value of EUR 1.000 before the effective date of resolution. The fair value was estimated at EUR 900. The write-down and conversion percentages according to the Resolution Order are 40,1234567% and 30,1234567%. An effective conversion rate of 0,72 is also specified in the Resolution Order. The number of shares resulting from the conversion has to be rounded down. The issue amount per share is EUR 1. The technical conversion ratio is determined as follows:
percentage-quoted unit-quoted
Numerator of the technical conversion ratio: EUR 1.000,00 1 unit (smallest transferable unit) Write-down percentage: 40,1234567% 40,1234567% Conversion percentage: 30,1234567% 30,1234567% Effective conversion rate: 0,720000000 0,720000000 Current market value/Fair value: EUR 900,00 EUR 900,00 Outstanding nominal value per unit to be used for conversion: EUR 271,1111103(...) = 900,(...) * 30,1234567% Denominator of the technical conversion ratio: 195,1999994 = (271,1111103(...) * 0,72) / EUR 1 Technical conversion ratio (rounded down): EUR 1.000,00 : 195,0000000 1 unit : 195,0000000 Irrespective of the rounding down of the number of new shares resulting from the conversion stipulated in the Reso￾lution Order, the decimal place conventions listed in Chapter V.4.1.1.4 must be observed for all other information in the detailed list of instruments. Populate the corresponding columns as follows:
Column “Total reduction of the instrument in %”: 70,2469134 70,2469134 Column “Write-down percentage of the instrument (in %)”: 40,1234567 40,1234567 Column “Conversion percentage of the instrument […]”: 30,1234567 30,1234567 Column “Fair Value”: 900,0000000 900,0000000 Column “Numerator of the conversion ratio […]”: 1.000,00 1 unit Column “Denominator of the conversion ratio […]”: 195,0000000 195,0000000 Note: When calculating the number of new shares or the denominator of the technical conversion ratio, the fair value must be entered with the maximum possible number of decimal places. This is shown in the sample calculations with the brack￾ets "(...)" after the decimal separator.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 200 of 305 In the case of the structured bearer bonds, the technical conversion ratio is determined on the basis of the fair value. The following table illustrates the derivation of the technical conversion ratio for percentage￾quoted structured bearer bonds:
78
Derivation of the technical conversion ratio for percentage-quoted structured bearer bonds on the basis of the resolution orderResolution Order percentage-quoted unit-quoted Outstanding principal amount per unit in original currency EUR:
EUR 1.000,(…) EUR 1.000,(…)
Smallest transferable unit: EUR 1.000,(…) 1 Stück Current market value/fair value79 per unit of the structured bearer bond in original currency EUR:
EUR 900,(…) EUR 900,(…)
Relevant amount80 per unit in original currency EUR:
EUR 900,(…) EUR 900,(…)
Conversion percentage
(as provided in the resolution orderRes￾olution Order):
30,1234567% 30,1234567%
Effective conversion rate
(as provided in the resolution orderRes￾olution Order):
0,720000000 0,720000000
Issue amount per share in EUR
(as provided in the resolution orderRes￾olution Order):
1 1
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒏𝒆𝒘 𝒔𝒉𝒂𝒓𝒆𝒔 𝒑𝒆𝒓 𝑰𝑺𝑽 = (𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐮𝐧𝐢𝐭 𝐢𝐧 𝐄𝐔𝐑 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐩𝐞𝐫𝐜𝐞𝐧𝐭𝐚𝐠𝐞 ∗ 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐫𝐚𝐭𝐞) 𝐈𝐬𝐬𝐮𝐞 𝐚𝐦𝐨𝐮𝐧𝐭 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞 𝐢𝐧 𝐄𝐔𝐑 𝟏𝟗𝟓, 𝟏𝟗𝟗𝟗𝟗𝟗𝟒 = 𝐄𝐔𝐑 𝟗𝟎𝟎, (… ) ∗ 𝟑𝟎, 𝟏𝟐𝟑𝟒𝟓𝟔𝟕% ∗ 𝟎, 𝟕𝟐𝟎𝟎𝟎𝟎𝟎𝟎𝟎 𝐄𝐔𝐑 𝟏 To be considered for foreign currency and pool factor instruments:
𝑹𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒑𝒆𝒓 𝒖𝒏𝒊𝒕 𝒊𝒏 𝑬𝑼𝑹 = 𝑹𝒆𝒍𝒆𝒗𝒂𝒏𝒕 𝒂𝒎𝒐𝒖𝒏𝒕 𝒊𝒏 𝒐𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 ∗ 𝑬𝒙𝒄𝒉𝒂𝒏𝒈𝒆 𝒓𝒂𝒕𝒆81 ∗ 𝑷𝒐𝒐𝒍 𝒇𝒂𝒄𝒕𝒐𝒓 (𝒐𝒍𝒅) 𝒊𝒇 𝒂𝒑𝒑𝒍𝒊𝒄𝒂𝒃𝒍𝒆 Technical conversion ratio: EUR 1.000,00 : 195,1999994 1 unit : 195,1999994
Table 42: Derivation of the technical conversion ratio for percentage-quoted structured BBs

78 The brackets „(…)“ after the decimal separator in the amounts mean that the respective amounts are to be applied in the calculations with the maximum possible number of decimal places. 79 In accordance with data point 2.51 of the MaBail-in. 80 For structured bearer bonds, the relevant amount to be entered is the current market value/fair value less any existing collat￾eral values according toin accordance with data point 2.44 of the MaBail-in. For reasons of simplification, it was assumed in this example that there is no collateral values exist for the structured debt instrumentbearer bond. 81 Use the exchange rate on which the Resolution Order is based. This is normally the exchange rate that was already used when filling in the list of liabilities (e.g. according to MaBail-in). Eingefügte Zellen Eingefügte Zellen Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 201 of 305
4.1.2 Sample template for the “simplified listing application“
As explained in Chapter V.2.9 (task 8), in the case of a change of legal form, for securities of different classes (before and after resolution) as well as for securities of the same class that were not previously listed on the exchange, a “simplified listing application” must be filed by the bank/agent for the admission to the listing of new shares with the exchange(s). In addition to the "simplified listing application", further documents or evidence must be provided by the institution and/or its agent. These are the following documents (see also Chapter V.2.9):82  power of attorney (in case of representation);  current articles of association after resolution (section 48 (2) sentence 2 no. 2 of the BörsZulV);  annual financial statement of the preceding business year;  disclosure certificate of the last three annual financial statements.83 Below is a template for the "simplified listing application", which includes all addresses of the exchanges. For the application, the relevant exchanges are to be selected in consultation with the resolution authority (see also Chapter V.2.9). The application must be adapted accordingly for each exchange. Note 1: Insofar as documents relevant to the examination are not yet available to the institution in the final version, they must be submitted as a draft for the time being. Note 2: If there are deviations from the "simplified listing application", the issuer must submit a separate justification to the exchange.

82 This does not affect the follow-up obligations of the launch of trading. These are to be fulfilled by the institution or the group company (see Section 106 (5) of the SAG). 83 The disclosure certificate serves as confirmation that the issuer has already existed as a company for at least three years.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 202 of 305 Simplified Application for Admission of Securities to Trading in the Regulated Market in the Context of a Resolution according to Regulation (EU) No. 806/2014 and the German Recov￾ery and Resolution Act (SAG); dated from dd.mm.yyyy From:
Address of the institution under resolution/agent Post office box xx xx Postal code, City In copy to: resolutiontools.AM2ABF14@bafin.de To:
Management Board of
Frankfurt Stock Exchange c/o Deutsche Börse AG

• Listing Services –
  60485 Frankfurt am Main
  Phone: +49 (0) 69-2111-3990
  Fax: +49 (0) 69-2111-3991
  E-Mail: listing@deutsche-boerse.com
  Management Board of
  Hamburg Stock Exchange
• Listing -
  Kleine Johannisstraße 4
  20457 Hamburg
  Fax: +49 (0) 40-3613-0223
  E-Mail: zulassung-hh@boersenag.de, s.marxsen@boersenag.de Management Board of Stuttgart Stock Exchange,
• Listing & Membership -
  Börsenstraße 4
  70174 Stuttgart
  Fax: +49 (0) 711-222-9854-97
  E-Mail: listing@boerse-stuttgart.de
  Management Board of
  Hannover Stock Exchange
• Listing -
  An der Börse 2
  30159 Hannover
  Fax: +49 (0) 40-3613-0223
  E-Mail: zulassung-han@boersenag.de, s.marxsen@boersenag.de Management Board of Munich Stock Exchange Karolinenplatz 6 80333 München Fax: +49 (0) 89-5490-4555 E-Mail: feiler@boerse-muenchen.de, zulassung@boerse-muenchen.de Management Board of Dusseldorf Stock Exchange Postfach 10 42 62 40033 Düsseldorf Fax: +49 (0) 40-3613-0223 E-Mail: zulassung-dus@boersenag.de Management of Tradegate Exchange
• Trade surveillance -
  Kurfürstendamm 119129D
  10711 Berlin
  Fax: +49 (0) 30-8960-6525
  E-Mail: huest@tradegate-exchange.de
  Management Board of Berlin Stock Exchange
• Listing Services -
  Fasanenstraße 85
  10623 Berlin
  Fax: +49 (0) 30-3110-9178
  E-Mail: bail-in@boerse-berlin.de
  To be filled in by the Management
  Board of the exchange:
  Ref.:

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 203 of 305

1. Applicant
   1.1 Issuer of the securities to be admitted (section 32 (2) sentence 1 BörsG, section 48 (1) sentence 2 Bör￾sZulV)
   Company name [Name]
   Registered office [Home country, state]
   Business address [Address]
   Legal Entity Identifier (LEI) [LEI-Code]
   (Optional) If the issuer is represented by a proxy agent:
   Name [Name]
   Address [Address]
    The issuer is represented by a co-applicant according to Sec. 1.2.
    The power of attorney in writing is attached hereto Issuer’s contact for the admission procedure:
   Name [Name]
   Department [Department]
   Phone [Phone]
   Fax [Fax]
   Email [Email-Address]
   1.2 Institution or company in accordance with section 32 (2) BörsG, section 48 (1) sentence 2 BörsZulV (co￾applicant)
   (please provide the requested information for each co-applicant on a separate sheet)  The co-applicant confirms that it is a credit institution or a financial services institution or a company within the meaning of section 53 (1) sentence 1 or section 53 b (1) sentence 1 of the Kreditwesengesetz (KWG, Ger￾man Banking Act), that it is admitted to a German stock exchange and entitled to participate in trading and that it is able to provide evidence of liable equity capital in the amount of at least Euro 730.000.
2. Invoicing
   2.1 Debtor (admission fee)
    Issuer
   Value added Tax Identification
   Number (VAT-ID) [VAT-ID]
   2.2 Recipient of the invoice (admission fee)
   Company name [Company name]
   Contact person [Contact person]
   Department [Department]
   Address [Address]
   2.3 Debtor according to section 51 BörsZulV (costs for the announcement in the Federal Gazette)
   Company name [Company name]
   Contact person [First name, surname]
   Department [Department]
   Address [Address]
   2.4 Recipient of the invoice (costs for the announcement in the Federal Gazette)
   Company name [Company name]
   Contact person [First name, surname]
   Department [Department]
   Address [Address]
   
   The Federal Gazette should send invoice by e-mail to the following address:
   [E-Mail address]
3. Description of type and amount of securities to be admitted (section 48 (1) sentence 2
4. BörsZulV)
   3.1 Shares

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 204 of 305
3.1.1 Description of securities
Previous share capital [Amount in EUR]
New share capital [Amount in EUR]
Units [Number of units of new shares]
 Common stock
 No-par-value share
 Bearer share
Dividend payment as from [usually the date of the general meeting of shareholders] Notional par value [Amount in EUR] (expected) Commercial register registration [dd.mm.yyyy] ISIN [DE000XXXXXXX]
3.1.2 Application for admission to trading in
 the Regulated Market
4. Prospectus and documentation
4.1 Exemption from the obligation to publish a prospectus (section 32 (3) No. 2 BörsG)
The publication of a prospectus is not required according to (EU) Regulation 2017/1129 Article 1(5) point (c).
5. A similar application for admission has previously or at the same time been filed with another
stock exchange in Germany, in another member state of the European Union (EU) or of the Eu￾ropean Economic Area (EEA) or will shortly be filed (section 48 (1) sentence 3 BörsZulV)  No  Yes, namely:
[Name(s) of the exchange(s)]
6. Time schedule*
*Please note: Subject to compulsory legal reasons the requested time schedule of the applicants is not binding for the admission procedure. Date and time the issuer has ap￾proved admission to trading [dd.mm.yyyy hh:mm] Date of admission (according to time schedule of BaFin) [dd.mm.yyyy] First date of trading [listing date] (according to time schedule of BaFin) [dd.mm.yyyy]
7. Confirmation according to Article 7(1) and (4) Delegated Regulation (EU) 2017/568 (RTS 17)
supplementing the Directive 2014/65/EU (MiFID II)

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 205 of 305 [Please delete that which does not apply]  Frankfurt Stock Exchange: The issuer of the securities to be admitted was informed about his obligations under union law. The issuer took notice from the overview published under http://www.deutsche-boerse-cash-market.com/dbcm￾de/primary-market/going-public/zugang-und-antragstellung or http://www.deutsche-boerse-cash-mar￾ket.com/dbcm-de/primary-market/publikationen/antraege.  Stuttgart Stock Exchange: The issuer of the securities to be admitted was informed about his obligations under union law.  Munich Stock Exchange: The issuer of the securities to be admitted was informed about his obligations under union law.  Berlin Stock Exchange: The issuer of the securities to be admitted was informed about his obligations under union law.  Dusseldorf Stock Exchange: The issuer of the securities to be admitted was informed about his obligations under un￾ion law.  Hamburg Stock Exchange: The issuer of the securities to be admitted was informed about his obligations under union law.  Hannover Stock Exchange: The issuer of the securities to be admitted was informed about his obligations under union law.  Tradegate Exchange: The issuer of the securities to be admitted was informed about his obligations under union law.
8. Signatures (section 32 (2) sentence 1 BörsG, section 48 (1) sentence 1 BörsZulV)
8.1 Signature of the issuer or its proxy agent (Sec 1.1)
(Please provide the signatures of all issuers respectively their proxy agents on a separate sheet in case that several issuers apply or of the admission of certificates representing shares) Place [Place] Date [dd.mm.yyyy] Name(s) [First name, surname] Signature(s) [Signatures(s)]
Appendix – Overview of the filed documents/information* regarding the admission of shares
*Please note: The Management Board is authorised to request further documentation. Documents, which are relevant for exami￾nation and currently not available in their final version, must be submitted as draft for the time being.

1. General documents
    Application form duly signed (original copy)  Power of attorney (in case of representation)
2. Documents regarding the company
    Current articles of association after resolution (section 48 (2) sentence 2 No. 2 BörsZulV)  Annual financial statement of the preceding business year (section 48 (2) sen￾tence 2 No. 4 BörsZulV)  Disclosure certificate of the last three annual financial statements
3. Note
   The resolution orderResolution Order replaces:
    Reports on the incorporation of the issuer and their audit, if the issuer has not existed as a company for at least three years (section 48 (2) sentence 2 No. 8 BörsZulV) and  Certified excerpt of the commercial register (section 48 (2) sentence 2 No. 1 BörsZulV) until the actual entry in the commer￾cial register (section 136 (4) SAG) as well as  Evidence of the minimum amount (minimum number of units) of the securities to be admitted according to section 2  BörsZulV.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 206 of 305 Sample templates for the documents from the bank – “ICSD Add-On” This sub-section provides sample templates for the instruction letter and supporting documents (Annex I and II) from the bank to ICSDs and Common Depositories or Common Service Providers. With the instruc￾tion letter to the ICSDs, the bank or, if applicable, its agent instructs the ICSDs to implement the bail-in as required in the resolution order.Resolution Order. The instruction letter refers to the supporting documents (Annex I and II), i.e. the operational guidelines and detailed list of instruments. In addition, copies of the in￾struction letter and the supporting documents are sent to the Common Depositories (CGN) and Common Service Providers (NGN) respectively. Please note: Different technical scenarios (see Table 13) may apply in the context of the technical imple￾mentation of the resolution measure by the ICSDs. For each technical scenario, an Annex I and Annex II must be prepared. Regardless of the number of scenarios and thus the number of annexes, however, only one instruction letter is to be submitted by an institution to the ICSDs.
4.2.1 Instruction letter and supporting documents – ”ICSD Add-On”
4.2.1.1 Instruction letter – “ICSD Add-On”
Below is a template for an instruction letter84 from the Bank to the ICSDs and Common Depositories (CGN) or Common Service Providers (NGN).

84 The power of representation to sign the instruction letter must be regulated by the bank in an appropriate manner.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 207 of 305 Instruction Letter from the [Bank] / [Agent] to ICSDs To:
Euroclear Bank SA/NV
Attn. Corporate Actions
1 Boulevard du Roi Albert II
1210 Brussels, Belgium
By e-mail in advance: CA.OMK@euroclear.com or ASO.OMK@euroclear.com Clearstream Banking S.A. Attn: Corporate Actions Luxembourg 42 JFK Avenue L-1855 Luxembourg By e-mail in advance: CA_mandatory.events@clearstream.com Copy to:
By e-mail in advance: [Common Depositories or Common Service Providers]85 Dear Sir/Madam, [We hereby ask you] [we are contacting you in our capacity as issuer’s agent of the Bank]86 to execute, the write-down and conversion pursuant to Article 21 of the SRMR in conjunction with section 89 of the SAG and of the bail-in pursuant to Article 27 of the SRMR in conjunction with section 90 of the SAG, provided under the resolution orderResolution Order [mandated by the Federal Financial Supervisory Authority (BaFin) on [date] and published on its website at:
(“BaFin publication web address”)]
87
[implementing the Decision of the Single Resolution Board as of [date] concerning the adoption of the resolution scheme in respect of [institution under resolution], adopted by the Federal Financial Supervisory Authority (BaFin) on [date] and published on its website at: (“BaFin publication web address”)] 88 . The details regarding the execution of the write-down and conversion, including the list of the relevant in￾struments, are hereby attached to this letter as annexes. Your contact person[s] in charge of the execution of the write-down and conversion at [institution under resolution] [is/are] [Title, Mr/Ms XXX, Phone xxx, E-Mail xxx]. This letter contains the following Annexes:
 Annex 1 – Operational guidelines
 Annex 2 – List of relevant instruments
Kind regards,
[Signature 1] [Signature 2]

85 The contact details of the Common Depositories or Common Service Providers should be known to the institution under resolution or its agent. 86 Name of the institution under resolution if the instruction letter is drafted by the agent. 87 Text module – variant 1: This text module is to be used if the institution is under the direct responsibility of the national res￾olution authority (BaFin). 88 Text module – variant 2: This text module is to be used if the institution is under the direct responsibility of the Single Reso￾lution Board (SRB).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 208 of 305
4.2.1.2 Annex I – Operational guidelines – “ICSD Add-On”
The operational guidelines of the ICSD Add-On contain technical information on the write-down and/or conversion of international bearer bonds. They are Annexes to the instruction letter. The operational guide￾lines are additionally published on the website of the institution under resolution and/or, if applicable, its agent, and inform market participants on the implementation of the bail-in and the implications on the af￾fected instruments. A template for the operational guidelines to the ICSDs with regard to the technical sce￾narios A to D and a guidance for the different fields are provided below. Please note: For each technical scenario, a separated document (operational guidelines) has to be pre￾pared. Background information and explanatory notes on the individual fields to be filled in the operational guidelines can be found in Table 33.Table 43.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 209 of 305
Annex I: Operational guidelines for the execution of the national implementing
act published on dd.mm.yyyy
-- Name of the issuer --
-- Name of the security(ies) / see also Annex II -- -- ISIN / see also Annex II -- Name Name of the bank/issuer LEI LEI of the bank/issuer Affected ISIN List of all ISIN codes for the operational scenario according to the detailed list of instruments in Annex II Scenarios applicable to the affected ISIN￾Codes --please delete the non-relevant scenarios-- A Full write-down: full reduction of nominal (XS bonds) WITHOUT conversion B Partial write-down: partial reduction of nominal or pool factor (XS bonds), WITH￾OUT conversion C Full conversion: full reduction of nominal (XS bonds) AND delivery of new instru￾ments D Partial conversion: partial reduction of nominal or pool factor (XS bonds) AND delivery of new instruments Pool factor (old) (op￾tional, as applicable) List of (pre-bail-in) pool factors according to detailed list of instruments (if appli￾cable). If there is a large amount of ISINs, please see the detailed list of instru￾ments (Annex II). Pool factor (new) (as applicable) List of (post bail-in) pool factors according to detailed list of instruments (if ap￾plicable). If there is a large amount of ISINs, please seerefer to the detailed list of instruments (Annex II). ISIN(s) for new secu￾rity ISIN code for new security created by conversion (according to NNA)89 . Exchange ratio List of ratios according to a detailed list of instruments. If the operational sce￾nario comprises a large amount of ISINs, please see the detailed list of instru￾ments (Annex II). Explanation Explanatory comments regarding the calculation of the exchange ratio, including pool factor, potential complexities and any other relevant information. Effective date of sus￾pension of trading DD.MM.YYYY In case of different dates, please specify for which securities these dates are ap￾plicable. Effective date of set￾tlement blocking DD.MM.YYYY Please specify whether or not the temporary blocking applies only to new in￾structions.

89 The new shares will be generated by the national central securities depository (CBF). The assignment of the ISIN for the new shares takes also place on the national market by the NNA (WM Datenservice).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 210 of 305 Treatment of interests General information on the treatment of accrued interest and principal pay￾ments/redemptions. Publication Websites of issuer/bank, SRB and NRA and any additional websites. CBF Record Date according to CBF CBF Settlement Date according to CBF Treatment of open transactions Information on how transactions entered into the ICSD system, matched but not yet settled should be treated. Treatment of frac￾tional entitlements Information on treatment of fractional amounts. If the technical conversion ratio contains fractional shares (partial rights) and the resolution orderResolution Order does not provide for rounding down at the level of the individual instrument, it should be stated in this field that the ICSDs(I)CSDs and the custodian banks have to round down fractional amounts (final amounts) per participant. Key data for securities created by conversion Instrument category Shares Legal form Bearer shares Type of securitisation No-par value shares with according value per share of [●] Euro Nominal currency [Euro] Share capital [Share capital in Euro] Number of shares [Number of shares] Currency of the in￾come [Euro] Minimum tradeable size The minimum quantity of securities that can be transferred is 1 share Selling/Transfer Re￾strictions on the ICSDs No selling/transfer restrictions on ICSDs Issuer CSD Clearstream Banking Frankfurt (CBF) xxx Placeholder for additional information from agent

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 211 of 305 The following table explains the information to be provided to the ICSDs within operational guidelines:
Information to be provided in the operational guidelines to the ICSDs (see template above) Information Explanatory notes Name Name of the institution under resolution which is responsible for drafting the instruction letter and supporting documents or, if applicable, its agent. LEI Legal Entity Identifier of the institution under resolution. Affected ISIN ISINs of the international bearer bonds affected by the bail-in (XS-ISINs). List of all ISINs of the international bearer bonds for which the same technical scenario applies. If several instruments or XS-ISINs are affected, reference to
Annex II (detailed list of instruments – “ICSD Add-On”) can be made.
Scenarios applicable to the affected ISIN codes The technical scenario to be applied for the ISINs listed in the field above has to be stated in this field. Pool factor (old) (op￾tional, as applicable) Pool factor as of the request date. Pool factor (new) (as ap￾plicable) New pool factor, valid as of the effective date of resolution. ISIN for new security ISIN (provided by NNA in task 4), which is used for the new shares. This field is required only for the technical ICSD scenarios C and D. Exchange ratio Information on the technical conversion ratios for the technical scenario. If several instruments are affected, reference to Annex II (detailed list of instru￾ments – “ICSD Add-On”) can be made. Explanation Where applicable, explanations to the calculation of the technical conversion ratios, e.g. information on the components considered such as exchange rate, accrued interest, pool factors. If several instruments are affected, refer￾ence to Annex II (detailed list of instruments – “ICSD Add-On”) can be made. Effective date of suspen￾sion of trading DD.MM.YYYY: where applicable, date of the suspension of trading (infor￾mation provided in task 2). The field is to be completed in consultation with the domestic exchange(s) and the Multilateral Trading Facility (MTF) oper￾ated by the exchanges and the Organised Trading Facilities (OTF), i.e. if the instrument is listed on several exchanges, the date of suspension of trading on each exchange is to be entered in this field. Effective date of settle￾ment blocking DD.MM.YYYY: If applicable, the date on which the ICSDs should suspend set￾tlement for affected international bearer bonds. If settlement blocking is to be carried out by the ICSDs, a positive list with the respective instruments must be sent to the ICSDs by the bank in addition to the instruction letter and the supporting documents (see process task 5 – "ICSD Add-On").

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 212 of 305 Information to be provided in the operational guidelines to the ICSDs (see template above) Information Explanatory notes Treatment of interests General information on the treatment of payments (interest and principal). If applicable, an indication on further handling of coupon and (partial) princi￾pal payments to be suspended during the technical bail-in implementation. If possible, indicate the date on which further information on the treatment of suspended payments will be communicated. In addition, indicate that the interest has been taken into account in the tech￾nical conversion ratio. Publication Websites on which information regarding the bail-in are available, i.e. web￾site of BaFin, where the resolution orderResolution Order is published and website of the institution under resolution and/or, if applicable, of its agent, where the operational guidelines are published. CBF Record Date Date on which the bail-in is implemented technically in the systems of the ICSDs. The CBF record date is to be entered in this field. CBF Settlement Date Date on which the settlement of a business transaction at the ICSDs (delivery and payment) occurs. The CBF settlement date must be entered in this field. Treatment of open trans￾actions Information on the treatment of open transactions, if applicable a settle￾ment-blocking is to be observed. 90 Treatment of fractional entitlements See entry in the relevant field of the template for the operational guidelines given above – “ICSD Add-On”. If a conversion of instruments into new shares is requested in the resolution orderResolution Order, the technical conversion ratio includes fractional amounts of shares, and the resolution orderResolution Order does not fore￾see a rounding down to full amounts, then the central securities depository and the custodian banks round down the fractional amounts (final amounts) per participant/client. See also background information on handling of frac￾tional amounts in Chapter V.2.13. Key data for securities created by conversion In the fields following this heading, enter features of the new shares resulting from the conversion of international bearer bonds. Instrument category Type of securities. "Shares" should be entered in this field (see pre-filling in the operational guidelines – "ICSD Add-On"). Legal form Class of securities. Enter "Bearer Shares" in this field (see pre-filling in the op￾erational guidelines – "ICSD Add-On").

90 See also SRB document “Reflecting bail-in in the books of the International Central Securities Depositories (ICSDs)” under:
https://www.srb.europa.eu/en/content/srb-issues-new-guidance-bail-international-debt-securities.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 213 of 305 Information to be provided in the operational guidelines to the ICSDs (see template above) Information Explanatory notes Type of securitisation Type of securitisation of the new shares. The following must be entered in this field: “No-par value shares with according value per share of [●]91 Euro”. Nominal currency Currency in which the new shares will be issued. Enter "Euro" in this field. Share capital Amount of the new share capital in euros. Number of shares Number of shares issued and fully paid-up. Currency of the income Currency of dividend payments. Enter "Euro" in this field. Minimum tradeable size Smallest unit admitted to trading. The following sentence is to be entered in this field: “The minimum quantity of securities that can be transferred is 1 share.” Selling/Transfer Re￾strictions on the ICSDs Sale/transfer restrictions. The following is to be entered in this field: “No sell￾ing/transfer restrictions on ICSDs.” Issuer CSD Central Securities Depository of new shares. Clearstream Banking Frankfurt (CBF)" is to be entered in this field. xxx Placeholder for additional information.
Table 43: Explanatory notes, operational guidelines – “ICSD Add-On”

91 Issue amount per share in EUR.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 214 of 305
4.2.1.3 Annex II – Detailed list of instruments – “ICSD Add-On”
The detailed list of instruments to the ICSDs contains specific information for each XS-ISIN affected by the bail-in, which is required by the ICSDs for the bail-in implementation. The detailed list of instruments is pro￾vided as MS Excel file. For each technical scenario, a separate spreadsheet is to be used within the MS Excel file. The institutions will receive a template for the detailed list of instruments as part of the resolution plan￾ning from the resolution authority. Conventions for filling out Annex II:

• All value declarations in the detailed list of instruments “ICSD Add-On” are listed with decimal
  places. The decimal places must be rounded down. With regard to the number of decimal places, the following conventions are to be followed:
• Column “Outstanding Aggregate Principal Amount […]”: 2 decimal places permitted for securi￾ties issued in EUR. For securities in other currencies, the amounts must be rounded down to
  whole numbers (integer).
• Column “Denomination (old)”: 2 decimal places permitted for securities issued in EUR. For se￾curities in other currencies, the amounts must be rounded down to whole numbers.
• Column “Pool factor in % (old)”: 9 decimal places
• Column “Total reduction of nominal value or pool factor in %”: 7 decimal places
• Column “Denomination (new)”: 2 decimal places permitted for securities issued in EUR. For se￾curities in other currencies, the amounts must be rounded down to whole numbers (integer).
• Column “Pool factor in % (new)”: 9 decimal places
• Column “Worthless withdrawal of Denomination (old) in %”: 7 decimal places
• Column “Numerator of the booking ratio […]”: 2 decimal places
• Column “Denominator of the booking ratio […]”: 7 decimal places
• Column “Conversion percentage of Denomination (old) […]”: 7 decimal places
• Column “Numerator of the conversion ratio […]”: 2 decimal places
• Column “Exchange ratio (number of proceeds per nominal)”: 76 decimal places
• The pool factor is to be expressed as a percentage, e.g. 50 for 50%.
• Date format: DD.MM.YYYY
• No blank characters in the cells
• If a field is not relevant, it has to be filled with ”n.a”.
• In the number representation, a point is to be used as a thousand separator and a comma as a dec￾imal separator (e.g. 1.000,00).
  The tables below include examples of the technical scenarios A to D and explanatory notes to the fields to be filled. Note 1: Notwithstanding the fact that in the detailed list of instruments the outstanding nominal value of the international bearer bond per unit is to be indicated in the column "Denomination (old)" with 2 decimal places, when calculating the number of new shares, the outstanding nominal value must be applied with the maxi￾mum possible number of decimal places. Note 2: It should be noted that the resolution orderResolution Order may provide for the number of new shares resulting from the conversion to be rounded down to a full amount (e.g. from 221,6 shares to 221 shares). The rounding down always takes place at the level of the individual liability, e.g. in the case of securi￾ties at the unit level. In this case, the central securities depository and the custodian banks do not have to round off the partial amounts (fractional shares) per participant (see background information in chapter IVChapter V.2.13). The bank must consider that the number of new shares rounded down to a full amount with 7 decimal places (e.g. 221,0000000) must be entered in the column "Denominator of the conversion ratio [...]" of the detailed list of instruments.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 215 of 305 If, as a result of rounding down, the number of shares is zero and the technical scenario is C (full reduction with conversion), the corresponding instruments are to be allocated to technical scenario A (full reduction without conversion). In the case of technical scenario D (partial reduction with conversion), the instruments are to be assigned to technical scenario B (partial reduction without conversion). See Table 12 in Chapter V.3.11 and Figure 8Figure 12 in Chapter V.4.1.1.3. Note 3: It should be taken into account that the effective conversion rate specified in the resolution or￾derResolution Order (see background information in Chapter V.4.1.1.3) can be zero for some ranks of the bail-in sequence. Regardless of the level of the conversion percentage, no new shares will be allotted to the instruments of the corresponding ranks in this case. If these instruments are fully reduced by conversion or conversion in combination with write-down (technical scenario C), they are to be assigned to technical sce￾nario A (full reduction without conversion). If the instruments are partially reduced by conversion or conver￾sion in combination with write-down (technical scenario D), these are to be assigned to technical scenario B (partial reduction without conversion).92 See Table 12 in Chapter V.3.11 and Figure 8Figure 12 in Chapter V.4.1.1.3. Note 4: For reasons of simplification, the information in the following tables deviates in part from the deci￾mal place conventions stated above. Note 5: Only the columns marked in blue in the tables below are processed by the ICSDs. Nonetheless, the columns of the detailed list of instruments of the domestic bail-in implementation are to be calculated and included for information purposes (see Chapter V.4.1.1.3). Note 6: It should be noted that the column headings of the detailed list of instruments "ICSD Add-On" partly differ from the column headings of the detailed list of instruments of the domestic bail-in implemen￾tation. In addition, the presentation in terms of content may also differ. The differences are summarised in the following information box.

92 The resolution authority reserves the right to coordinate, in a resolution case, the technical treatment of further special cases not described herein with the bank.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 216 of 305 Background information:
Differences between the detailed list of instruments of the domestic bail-in implementation and the "ICSD Add-On"  Column headings and information:

• The columns "Pool factor (old)" and "Pool factor (new)" are called "Pool factor in % (old)" and
  "Pool factor in % (new)" in the ICSD Add-On.
• The column "Total reduction of denomination (old) in %" in the ICSD Add-On is called "Total
  reduction of nominal value or pool factor in %".
• The column "Denominator of the conversion ratio [...]" in the ICSD Add-On is called "Exchange
  ratio (number of proceeds per nominal)".
• The columns "CBF Record-Date" and "CBF Settlement-Date" are called "Record Date" and "Set￾tlement Date" in the ICSD Add-On.
• Entries in the columns "Pool factor in % (old)" and "Pool factor in % (new)" are to be made in
  per cent. This means that instead of 0.,5, for example, 50 (%) is to be entered.
   Full reduction (scenarios A and C):
• It should be noted that a full reduction of an instrument by means of a pool factor, i.e. using a
  pool factor of zero, is not possible in the ICSD context. For this reason, no differentiation is made in scenarios A and C between reduction with and without a pool factor. In the case of a full reduction, the ICSDs always set the outstanding NV (NW) of the international bearer bond to zero.  Partial reduction (Scenarios B and D):
• Partial reduction without pool factor: In contrast to corresponding technical scenarios 6 and 5
  of the domestic bail-in implementation, the value of ”100” is to be entered in the ICSD Add-On in the columns ”Pool factor in % (old)” and ”Pool factor in % (new)” instead of ”n.a.”.
• Partial reduction with pool factor: In contrast to technical scenarios 6 and 5 of the domestic
  bail-in implementation, the same value must be entered in the column "Denomination (new)" in the ICSD Add-On as in the column "Denomination (old)". That is, the outstanding principal amount per unit of the international bearer bond (XS-ISIN) at the request date in original cur￾rency. Example: The outstanding principal amount per unit of an international bearer bond with a pool factor is EUR 1.000 on the request date. Scenario B (partial write-down) is applied. The reduction is made by means of the pool factor. In the ICSD Add-On, in contrast to the domestic imple￾mentation, the value of EUR 1.000 must be entered in the column "Denomination (new)" instead of ”n.a.”. For comparison, see also Chapter V.4.1.1.3. Please note: In the ICSD Add-On, there is in general no differentiation according to the type of list￾ing, i.e. percentage quotation and unit quotation. In the systems of the ICSDs, all international bearer bonds are maintained with outstanding principal amounts per unit or pool factors.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 217 of 305 Scenario A – Full write-down: full reduction of nominal (XS bonds) WITHOUT delivery of new shares93 ISIN of the instruments affected by Bail-in Record Date Settlement Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note (not mandatory) Denomination (old) Pool factorFactor in % (old) Currency of Denomination (old) Total reduction of nomi- nal value or pool factor in % Denomination (new) Pool factorFactor in % (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new))) ) Denominator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new))) ) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ (amount of new shares) Exchange ratio (number of proceeds per nominal) Final ISIN for new instruments Scenario XS￾ISIN 06.12.2020 08.12.2020 300.000.000 1.000 n.a. EUR 100 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. A
Table 44: Excerpt detailed list of instruments “ICSD Add-On” – technical scenario A
Scenario B – Partial write-down: partial reduction of nominal or pool factor (XS bonds) WITHOUT delivery of new shares94 ISIN of the instruments affected by Bail-in Record Date Settlement Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note (not mandatory) Denomination (old) Pool factorFactor in % (old) Currency of Denomination (old) Total reduction of nominal value or pool factor in % Denomination (new) Pool factorFactor in % (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new))) ) Denominator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new))) ) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ (amount of new shares) Exchange ratio (number of proceeds per nominal) Final ISIN for new instruments Scenario95 XS￾ISIN 06.12.2020 08.12.2020 300.000.000 1.000 100 EUR 60 400 100 60 1.000 400 n.a. n.a. n.a. n.a. B WO PF/EUR XS￾ISIN 06.12.2020 08.12.2020 300240.000.0 00 1.000 80 EUR 60 1.000 32 60 n.a. n.a. n.a. n.a. n.a. n.a. B WT PF/EUR WO: Without; WT: With; PF: Pool factorFactor. Example: “B WO PF/EUR” stands for – Scenario B WITHOUT Pool factorFactor and EUR as an issuance currency of an XS bond. Examples with a Pool factorFactor are marked in blue.
Table 45: Excerpt detailed list of instruments “ICSD Add-On”“ – technical scenario B

93 In the excerpt of the detailed list of instruments for scenario A, the foreign currency cases are not shown because no conversion into new shares takes place. The foreign currency or exchange rate is taken into account when determining the number of new shares. 94 In the excerpt of the detailed list of instruments for scenario B, the foreign currency cases are not shown because no conversion into new shares takes place. The foreign currency or exchange rate is taken into account when determining the number of new shares. 95 The column "Scenario" is for information purposes only and not to be included in the detailed list of instruments. Eingefügte Zellen

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 218 of 305 Scenario C96 – Full conversion: full reduction of nominal (XS bonds) WITH delivery of new shares97 ISIN of the instruments affected by Bail-in Record Date Settlement Date Outstanding Aggregate Principal Amount according to Global Certificate/Global Note (not mandatory) Denomination (old) Pool factorFactor in % (old) Currency of Denomination (old) Total reduction of nomi- nal value or pool factor in % Denomination (new) Pool factorFactor in % (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ (amount of new shares) Exchange ratio (number of proceeds per nominal) Final ISIN for new instruments Scenario XS￾ISIN 06.12.2020 08.12.2020 400.000.000 1.000 n.a. EUR 100 n.a. n.a. 0 n.a. n.a. 100 1.000 738,000 DE-ISIN C EUR (conversion) XS￾ISIN 06.12.2020 08.12.2020 400.000.000 1.000 n.a. DM 100 n.a. n.a. 0 n.a. n.a. 100 1.000 369,000 DE-ISIN C DM (conversion) XS￾ISIN 06.12.2020 08.12.2020 400.000.000 1.000 n.a. EUR 100 n.a. n.a. 40 n.a. n.a. 60 1.000 442,800 DE-ISIN C EUR (write-down and conversion) XS￾ISIN 06.12.2020 08.12.2020 400.000.000 1.000 n.a. DM 100 n.a. n.a. 40 n.a. n.a. 60 1.000 221,400 DE-ISIN C DM (write-down and conversion) DM: German markDeutsche Mark (foreign currency)). Example: “C EUR” stands for –- Scenario C with EUR as an issuance currency of the bond.
Table 46: Excerpt detailed list of instruments “ICSD Add-On”“ – technical scenario C

96 Technical Scenario C of the "ICSD Add-On" is the counterpart to technical scenario 3 of the domestic bail-in implementation. In contrast to scenario 3, however, no additional differentiation is made between sub-scenarios a and b, although the reduction can also take place on the one hand through a write-down and on the other hand through a combination of write-down and conver￾sion. 97 In all examples of scenario C, aan effective conversion rate of 0,72, accrued interest of EUR 25 or DM 25 and an exchange rate of 0,5 EUR/DM were assumed...

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 219 of 305 Scenario D98 – Partial conversion: partial reduction of nominal or pool factor (XS bonds) WITH delivery of new shares99 ISIN of the instruments affected by Bail-in Record Date Settlement Date Outstanding Aggregate Principal Amount according to Global Certifi- cate/Global Note (not mandatory) Denomination (old) Pool factorFactor in % (old) Currency of Denomination (old) Total reduction of nom- inal value or pool factor in % Denomination (new) Pool factorFactor in % (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new))) ) Denominator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new))) ) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ (amount of new shares) Exchange ratio (number of proceeds per nominal) Final ISIN for new instruments Scenario XS￾ISIN 06.12.2020 08.12.2020 300.000.000 1.000 100 EUR 30 700 100 0 1.000 700 30 1.000 221,400 DE￾ISIN D WO PF/EUR (conversion) XS￾ISIN 06.12.2020 08.12.2020 300.000.000 1.000 100 DM 30 700 100 0 1.000 700 30 1.000 110,700 DE￾ISIN D WO PF/DM (conversion) XS￾ISIN 06.12.2020 08.12.2020 300240.000.000 1.000 80 EUR 30 1.000 56 0 n.a. n.a. 30 1.000 178,200 DE￾ISIN D WT PF/EUR (conversion) XS￾ISIN 06.12.2020 08.12.2020 300240.000.000 1.000 80 DM 30 1.000 56 0 n.a. n.a. 30 1.000 89,100 DE￾ISIN D WT PF/DM (conversion) XS￾ISIN 06.12.2020 08.12.2020 300.000.000 1.000 100 EUR 70 300 100 40 1.000 300 30 1.000 221,400 DE￾ISIN D WO PF/EUR (write-down and conversion) XS￾ISIN 06.12.2020 08.12.2020 300.000.000 1.000 100 DM 70 300 100 40 1.000 300 30 1.000 110,700 DE￾ISIN D WO PF/DM (write-down and conversion) XS￾ISIN 06.12.2020 08.12.2020 300150.000.000 1.000 50 EUR 70 1.000 15 40 n.a. n.a. 30 1.000 113,400 DE￾ISIN D WT PF/EUR (write-down and conversion) XS￾ISIN 06.12.2020 08.12.2020 300150.000.000 1.000 50 DM 70 1.000 15 40 n.a. n.a. 30 1.000 56,700 DE￾ISIN D WT PF/DM (write-down and conversion) WO: Without; WT: With; PF: Pool factorFactor; DM: German mark (foreign currency)Deutsche Mark (Fremdwährung). Example: “D WO PF/ EUR” stands for –- Scenario D WITHOUT Pool factorFactor and EUR as an issuance currency of the bond. Examples with a Pool factorFactor are marked in blue.
Table 47: Excerpt detailed list of instruments “ICSD Add-On” – technical scenario D

98 Technical scenario D of the ICSD Add-On is the counterpart to technical scenario 5 of the domestic bail-in implementation. In contrast to scenario 5, however, no additional differentiation is made between sub-scenarios a and b, although the reduction can also take place on the one hand through a write-down and on the other hand through the combination of a write-down and conver￾sion. 99 In all examples of scenario D, an effective conversion rate of 0,72 and accrued interest amounting to EUR 25 or DM 25 were assumed. For reasons of simplification, it was also assumed that the accrued interest has already been adjusted by the pool factor.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execu￾tion Information to be provided within the detailed list of instruments “ICSD Add-On” for technical sce￾narios A-D Information Explanatory notes ISIN (Stammgattung internationale ISV) ISIN of the instruments affected by Bail-in ISIN of the international bearer bond affected by the bail-in (XS-ISIN). Unique identifier known to the counterparty according to data point 1.4 of the MaBail-in or DE-IRT-Bail-in-Guidance [ISIN/specific ID]. CBF Stichtag der Maß￾nahme Record Date Date on which the bail-in is implemented technically in the systems of the ICSDs. It should be noted that the CBF Record Date is to be entered in this field. It is the date that was agreed by the bank/agent with CBF as part of the domestic bail-in implementation. CBF Erfüllungstag Settlement Date Date on which the settlement of a business transaction at the ICSDs (delivery and payment) occurs. It should be noted that the CBF Settlement Date is to be entered in this field. It is the date that was agreed by the bank/agent with CBF as
part of the domestic bail-in implementation.
Ausstehender
Gesamtnennwert gemäß der
Globalurkunde
Outstanding Aggregate
Principal Amount ac￾cording to Global Certif￾icate/Global Note (not mandatory) Current total nominal value outstanding in original currency according to the global certificate for the respective international bearer bond (XS-ISIN). Data point 2.9 [Nominal amount of the global note in original currency] accord￾ing to MaBail-in or DE-IRT-Bail-in-Guidance. Please noteAt WM Datenservice, the value corresponds to the amount in WM Data field GD650A [Volume outstanding]. Note 1: This field must always be filled in due to national specifics, although it is marked as optional. Note 2: In the case of pool factor instruments, the outstanding aggregate nominal value or the volume outstanding already includes the pool factor. Example: The original issue volume is EUR 300.000.000. The pool factor is 50%. The outstanding aggregate nominal value or the volume outstanding is there￾fore EUR 150.000.000 = EUR 300.000.000 * 50%. NW zum Stück (alt) Denomination (old) The outstanding principal amount per unit of the international bearer bond at the request date in original currency. Data point 2.3 [Outstanding principal amount per security in original currency] according to MaBail-in or DE-IRT-Bail-in-Guidance. Note: In the case of pool factor instruments, the outstanding principal amount does not contain the pool factor.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 221 of 305 Information to be provided within the detailed list of instruments “ICSD Add-On” for technical sce￾narios A-D Information Explanatory notes Pool factor in % (old) Pool factor in % (old) The pool factor of the international bearer bond on the request date. It should be noted that, in contrast to technical scenarios of the domestic bail-in imple￾mentation, in the technical scenarios of the "ICSD Add-On" the pool factor has to be entered as a percentage, e.g. 60 for 60% instead of 0,6. Data point 2.11 [Current pool factor (if applicable)] according to MaBail-in or DE￾IRT-Bail-in-Guidance. Please note: A full reduction by means of a pool factor of zero is not possible in the ICSD context. For this reason, in scenarios A and C, “n.a.” is to be entered in this field. In the case of a partial reduction (scenarios B and D) without a pool factor, an amount of 100 is to be entered in this field. Währung Currency of Denomina￾tion (old) (Original) currency in which the financial instrument was issued. Data point 1.8 [Currency in which the instrument or liability was issued] accord￾ing to MaBail-in or DE-IRT-Bail-in-Guidance. Gesamtreduzierung des alten NW in % Total reduction of nomi￾nal value or pool factor in % If pursuant to the resolution orderResolution Order a part of the instrument is to be written down and another part is to be converted into new shares, this field includes the sum (total reduction rate) of the write-down percentage and the conversion percentage. Example:
If the write-down percentage is 40 and the conversion percentage is 30, the total reduction rate is 70. If either the write-down or the conversion applies to one instrument as a sole measure, only the applicable write-down or conversion percentage has to be stated in this field. If, for instance, for one XS-ISIN only the write-down is appli￾cable and the write-down percentage is 60, then 60% has to be stated in this field as total reduction rate.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 222 of 305 Information to be provided within the detailed list of instruments “ICSD Add-On” for technical sce￾narios A-D Information Explanatory notes NW zum Stück (neu) Denomination (new) New nominal value per unit of the international bearer bond after reduction by write-down and conversion. It should be noted that the information in this field differs from the information in the domestic technical scenarios (see also Chapter V.4.1.1.3). Full reduction (scenarios A and C): An abbreviation ”n.a.” for not applicable or not available has to be entered in this field. Partial reduction (scenarios B and D):

• Partial reduction without pool factor: The new nominal value after write-down
  and conversion in original currency is to be entered in this field.
• Partial reduction with pool factor: the outstanding principal amount per unit in
  original currency on the request date is to be entered in this field. This means the value from the field “Denomination (old)”. Example – partial reduction without pool factor:
  If the outstanding principal amount is EUR 1.000 and the resolution orderResolu￾tion Order includes a write-down percentage of 40 and a conversion percentage of 30, the new nominal value is EUR 300. Example – partial reduction with pool factor:
  For an international bearer bond with an outstanding principal amount of EUR 1.000, enter 1.000 in this field. The reduction is mapped by means of the pool factor. Pool factor in % (new) Pool factor in % (new) New pool factor, valid as of the effective date of resolution. It should be noted that, in contrast to technical scenarios of the domestic bail-in implementation, in the technical scenarios of the "ICSD Add-On" the pool factor has to be entered as a percentage, e.g. 60 for 60% instead of 0,6. Please note: A full reduction by means of a pool factor of zero is not possible in the ICSD context. For this reason, in scenarios A and C, an abbreviation “n.a.” is to be entered in this field. In the case of a partial reduction (scenarios B and D) without a pool factor, an amount of 100 is to be entered in this field. wertlose Ausbuchung des alten NW in % Worthless withdrawal of denomination (old) in % If the instrument is to be written down fully (or partially), the write-down per￾centage has to be stated in this field in accordance with the resolution or￾der.Resolution Order. It should be noted that this field is not processed by ICSDs. However, it must be filled and provided for information purposes. Example:
  With an outstanding principal amount of EUR 1.000 and a write-down percent￾age of 60%, EUR 600 of the old nominal value is derecognised without value.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 223 of 305 Information to be provided within the detailed list of instruments “ICSD Add-On” for technical sce￾narios A-D Information Explanatory notes technisches Buchungs￾verhältnis Zähler (Ausbuchung) bezogen auf Gesamtreduzierung Numerator of the book￾ing ratio based on total reduction (Denomination (old))/(Denomination (new)) Numerator of the technical booking ratio. The technical booking ratio is the ratio of the old nominal value (before write￾down and conversion) of the instrument to the new nominal value (after write￾down and conversion). In the case of a full reduction, ”n.a.” must be entered in the technical booking ra￾tio because the nominal value is fully reduced. In the case of a partial reduction by means of the pool factor, "n.a." must be entered in the booking ratio because the nominal value does not change and the reduction is represented by means of a pool factor. It should be noted that this field is not processed by the ICSDs. The entry is for information purposes only in the ICSD Add-On. Example – partial reduction without pool factor:
Old nominal value before write-down and conversion in EUR: 1.000 Write-down percentage: 40 Conversion percentage: 30 New nominal value in EUR: 300 The technical booking ratio corresponds to: 1.000 : 300 The numerator to be entered in this field is 1.000. technisches Buchungs￾verhältnis Nenner (Einbuchung) bezogen auf Gesamtreduzierung Denominator of the booking ratio based on total reduction (Denomination (old))/(Denomination (new)) Denominator of the technical booking ratio. The technical booking ratio is the ratio of the old nominal value (before write￾down and conversion) of the instrument to the new nominal value (after write￾down and conversion). In the case of a full reduction, ”n.a.” must be entered in the booking ratio be￾cause the nominal value is fully reduced. In the case of a partial reduction by means of the pool factor, "n.a." must be entered in the booking ratio because the nominal value does not change and the reduction is represented by means of a pool factor. It should be noted that this field is not processed by the ICSDs. The entry is for information purposes only in the ICSD Add-On. Example – partial reduction without pool factor:
Old nominal value before write-down and conversion in EUR: 1.000 Write-down percentage: 40 Conversion percentage: 30 New nominal value in EUR: 300 The technical booking ratio corresponds to: 1.000 : 300 The denominator to be entered in this field is 300.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 224 of 305 Information to be provided within the detailed list of instruments “ICSD Add-On” for technical sce￾narios A-D Information Explanatory notes Umwandlung des alten NW in Aktien in % Conversion percentage of Denomination (old) into new shares (in %) If instruments have to be converted into new shares according to the resolution orderResolution Order, the conversion percentage has to be stated in this field. It should be noted that this field is not processed by the ICSDs. The entry is for information purposes only in the ICSD Add-On. Example:
With an outstanding principal amount of EUR 1.000 and a conversion percent￾age of 30%, EUR 300 of the old nominal value is converted into shares. technisches Umwand￾lungsverhältnis Zähler (Ausbuchung des alten NW) Numerator of the con￾version ratio based on denomination (old) (Denomination (old))/(amount of new shares) Numerator of the technical conversion ratio expressed as:
Nominal value (old) in original currency : Number of new shares (x.xxx in original currency : x,xxx new shares). It should be noted that this field is not processed by the ICSDs. The entry is for information purposes only in the ICSD Add-On. Example:
1.000 : 18
1.000 has to be entered in this field as numerator.
technisches Umwand￾lungsverhältnis Nen￾ner (Einbuchung von Aktien in Bezug auf al￾ten NW der Anleihe) Exchange ratio (number of proceeds per nomi￾nal) Denominator of the technical conversion ratio expressed as:
Nominal value (old) in original currency : Number of new shares (x.xxx in original currency : x,xxx new shares). Example:
1.000 : 18
18 has to be entered in this field as denominator.
Aktien ISIN-NEU
Final ISIN for new instruments
ISIN for new shares (as provided by NNA in task 4 of the domestic bail-in imple￾mentation). Szenario Scenario Enter the corresponding technical ISCD scenario “A” to “D”.
Table 48: Explanatory notes, detailed list of instruments “ICSD Add-On” – scenarios A-

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 225 of 305
VI. End of the resolution procedure

1. Follow-up measures after application of the bail-in tool
   Various follow-up measures following technical bail-in execution may be required on the part of the resolu￾tion authority, the bank/agent and the financial market infrastructures involved. Additionally, the institution or a special manager may have to continue the measures taken in the course of the bail-in in accordance with section 81 (1) no. 1 of the SAG to effectively write down and convert liabilities that are subject to the law of a third country. If the estimate of the net asset value carried out in the context of the definitive valuation (see Chapter IV) is higher than that resulting from the provisional valuation100, the resolution authority decides the extent to which it will exercise its power to reinstate the value of the claims of creditors and holders of relevant capital instruments that were written down on the basis of the provisional valuation as a result of application of the bail-in tool (Article 20(12) of the SRMR and section 75 (4) of the SAG). If the requirements of section 75 (4) of the SAG are met, the resolution authority is also authorised to reverse the retirement of shares or the cancellation of other Common Equity Tier 1 instruments to the extent necessary (section 99 (3) of the SAG). For reasons of simplification, both (1) the reinstatement of the value of bail-inable liabilities and relevant capital instruments and (2) the reversal of the retirement of shares or the cancellation of other Common Equity Tier 1 instruments are referred to as write-up for the purposes of this document.
2. Write-up – description of the concept
   The concept for implementing the powers granted under Article 20(12) of the SRMR or section 75 (4) of the SAG and section 99 (3) of the SAG can generally be divided into two cases:
   (1) the write-up of relevant capital instruments and bail-inable liabilities that were written down as part of the application of the bail-in. Note that, in accordance with Article 20(12) of the SRMR and section 75 (4) of the SAG, only that portion of the instruments that was written down can be written up. The converted amount result￾ing from a conversion cannot be written up. (2) the reversal of the retirement of shares and/or cancellation of other Common Equity Tier 1 instru￾ments. Instruments of ownership are written up by allocating new shares from a share stock created in the course of the bail-in. Technical implementation of the write-up is implemented by means of an administrative act that is pub￾lished in the same form as the Resolution Order in accordance with section 99 (3) sentence 5 of the SAG, in other words by announcement (see section 137 of the SAG). Only the first case is considered in the following, and the second case will be part of future versions of the Guidance Notice.

100 See also the comment by the European Commission 2015_2187 Final valuation lower than the initial valuation | European Banking Authority (europa.eu).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 226 of 305 Depending on whether the overall maturity of the instruments written down in full or in part under the bail￾in has been reached at the time of the write-up, a distinction must be made between the following two sub￾cases for technical implementation of the write-up:
Case 1: Write-up of relevant capital instruments and bail-inable liabilities Case 1.a: Write-up of instruments before overall maturity o The instruments are written up (before their overall maturity) by increasing the amount written down. This amount can be reinstated to the extent necessary, but at a maximum up to the amount before the write-down. o The write-up is performed in accordance with the write-up percentage specified in the write-up order. Case 1.b: Write-up of instruments after overall maturity o For technical reasons, the instruments are written up (after their overall maturity) in the form of a cash compensation. o The write-up is performed in accordance with the cash compensation percentage speci￾fied in the write-up order. The minimum information in the write-up order is summarised in the following.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 227 of 305 The following charts illustrate the technical write-up of percentage-quoted unstructured bearer bonds and unstructured bearer bonds quoted in units. The write-up of structured bearer bonds will be part of future versions of the Guidance Notice. The write-up of liabilities not held by a central securities depository must technically be performed in the bank’s systems. The following chart summarises the status of the write-up of percentage-quoted unstructured bearer bonds and bearer bonds quoted in units:
Background information:
Write-up order
The write-up order in accordance with section 99 (3) sentence 5 of the SAG contains the follow￾ing requirements, among others:

• information regarding the institution under resolution,
• information regarding the resolution tools used,
• write-up percentages (with 7 decimal places, e.g. 40,1234567%),
• cash compensation percentages (with 7 decimal places, e.g. 60,1234567%),
  The write-up and cash compensation percentages for bearer bonds refer to the (total) nominal values/units outstanding as at the request date for the bail-in measure and pool factors. The stated write-up and cash compensation percentages are determined for each liability rank. The capital instruments affected by the bail-in and bail-inable liabilities are generally indicated by a reference to their liability rank in the bail-in sequence in the write-up order. In accordance with section 99 (3) sentence 5 of the SAG, the resolution authority must publish the write-up order on its website without undue delay after it has been issued.
  Appendix to the write-up order:
  The order will also contain a positive list of the instruments of each liability rank affected by the write-up (including the applicable write-up percentage and cash compensation percentage). Additional list:
  In addition, the above positive lists for the Resolution Order will be provided to the bank and the market participants involved as MS Excel files for review and technical processing. The positive list must be checked by the bank for completeness and correctness. The positive list with additions and other corrections must be sent by the bank to the resolution authority with￾out delay. The resolution authority must then send the supplementary or corrected positive list to the relevant market participants.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 228 of 305
Figure 13: Write-up of unstructured bearer bonds
The central securities depository and the NNA must consider different technical scenarios in the technical execution of the write-up. Due to the fact that only the portion of a bearer bond that was written down in the course of the bail-in can be written up again, only technical scenarios 3b, 4, 5b and 6 can be considered as initial scenarios for the write-up (see Chapter V.2.12). Technical scenarios for writing up unstructured bearer bonds are described in the following:
Technical scenarios for a write-up of unstructured bearer bonds by the central securities deposi￾tory No. Technical scenario Summary of technical process 7 Write-up of unstruc￾tured bearer bonds BEFORE overall ma￾turity by adjusting the nominal value/pool fac￾tor Write-up of unstructured bearer bonds before overall maturity The central securities depository modifies the nominal value/pool factor of percentage-quoted unstructured bearer bonds in its system in line with the write-up percentage. In the case of unstructured bearer bonds quoted in units, the nominal value/pool factor is modi￾fied by WM Datenservice. This scenario is used to write up instruments that have been (par￾tially) written down by applying technical scenarios 3b, 4, 5b and 6. 8 Write-up of unstruc￾tured bearer bonds AFTER overall maturity by cash compensation Write-up of unstructured bearer bonds after overall maturity Write-up after the overall maturity of an unstructured bearer bond takes the form of a cash compensation. The central securities depository books the cash compensation in line with the cash compensation percentages specified in the write-up or￾der for the relevant unstructured bearer bonds. This scenario is used to write up instruments that have been (par￾tially) written down by applying technical scenarios 3b, 4, 5b and 6.
Table 49: Technical scenarios – Write-up (unstructured BBs)

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 229 of 305 The following background information describes in detail how CBF and WM Datenservice write up percent￾age-quoted unstructured bearer bonds and unstructured bearer bonds quoted units. Background information:
Writing up percentage-quoted unstructured bearer bonds The write-up of percentage-quoted unstructured bearer bonds in the CBF system and the modification in the WM Datenservice data is based on the smallest transferable unit (WM data field GD455A). In the case of percentage-quoted bearer bonds, the “Smallest transferable unit” field contains the out￾standing nominal value per unit of the bearer bond, e.g. EUR 1.000,00. Depending on whether or not the overall maturity of the structured bearer bond has already been reached at the time of the write-up, technical implementation distinguishes between the following cases. Write-up of percentage-quoted bearer bonds before overall maturity:
WM Datenservice modifies the smallest transferable unit or the nominal value/pool factor in the master data. CBF increases the smallest transferable unit or the nominal value/pool factor in its system. Technical subscription ratio:
WM Datenservice and CBF need the technical subscription ratio for the write-up. For these structured bearer bonds, it is the ratio of the nominal value in the “Smallest transferable unit” field after the bail-in (on the CBF ex-date) and the nominal value in the “Smallest transferable unit” field after the write-up. Smallest transferable unit (ex-date) in original currency : Smallest transferable unit (after the write￾up) in original currency Because the “Smallest transferable unit” field for these bearer bonds contains the nominal value per unit of the instrument, the following technical subscription ratio results:
Nominal value (ex-date) in original currency : Nominal value (after write-up) in original currency For pool factor instruments, “n.a.” must be entered for the technical subscription ratio. Write-up of percentage-quoted structured bearer bonds after overall maturity:
After the overall maturity of the bearer bonds, only cash compensation is possible in accordance with the cash compensation percentages specified in the write-up order. The cash compensation is based on the smallest transferable unit of bearer bonds on the request date (before the bail-in).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 230 of 305 Background information:
Writing up unstructured bearer bonds quoted in units Write-up of unstructured bearer bonds quoted in units in the CBF and WM Datenservice system is based on the nominal value per unit (WM data field GD460A). At WM Datenservice, the “Nominal value per unit” field contains the outstanding nominal value per unit in the case of unit-quoted bearer bonds. Depending on whether or not the overall maturity of the structured bearer bond has already been reached at the time of the write-up, technical implementation distinguishes between the following cases. Write-up of bearer bonds quoted in units before overall maturity:
WM Datenservice modifies the nominal value/pool factor in the master data in line with the write-up per￾centage. There are no inventory adjustments at CBF. For this reason, “n.a.” must be entered in the tech￾nical subscription ratio for bearer bonds quoted in units. Technical subscription ratio:
n.a. : n.a.
Write-up of bearer bonds quoted in units after overall maturity date:
After the overall maturity of the bearer bonds, only cash compensation is possible in accordance with the cash compensation percentages specified in the write-up order. The cash compensation is based on the nominal value of the bearer bonds on the request date (before the bail-in).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 231 of 305
3. Write-up – Sample templates for the documents of the bank
This sub-chapter contains sample templates for the instruction letter and the supporting documents of the bank to domestic actors to implement the write-up. With the instruction letter, the bank or, if applicable, its agent, instructs the central securities depository to implement the write-up in accordance with the require￾ments specified in the corresponding administrative act of the resolution authority. The instruction letter refers to its supporting documents, i.e. the operational guidelines and the detailed list of instruments for the write-up. In addition, the instruction letter and the supporting documents are also provided to the NNA. Please note: Different technical scenarios may apply to the write-up as part of the resolution action. The operational guidelines and the detailed list of instruments must be drawn up for each technical scenario. Regardless of the number of scenarios and thus the number of annexes, however, only one instruction letter is to be submitted by an institution for the write-up. Write-up – Instruction letter and supporting documents
3.1.1 Write-up – Instruction letter
A template for an instruction letter101 of the bank to the CBF and WM Datenservice to perform a write-up for the liabilities and relevant capital instruments used in the bail-in is shown below.

101 The power of representation to sign the instruction letter must be appropriately defined by the bank.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 232 of 305 Instruction to Implement the Administrative Act issued by BaFin dated DD.MM.YYYY To Clearstream Banking AG – Executive Board – Mergenthalerallee 61 65760 Eschborn By email in advance: bail-in@clearstream.com By email in advance: CAGermany@clearstream.com Copy to:
WM Datenservice
Düsseldorfer Straße 16
60329 Frankfurt am Main
By email in advance: WM-BRRD-BAIL-IN@wmdaten.com Dear Sir or Madam, [We kindly ask you to] [We have been engaged by [•]102 and ask you to] reinstate the value of the relevant capital instruments and liabilities that were written down as a result of application of the bail-in tool in ac￾cordance with Article 20(12)(a) of the SRMR and section 75 (4) number 1 of the SAG. Please implement the ordered action in accordance with the write-up order published by the Federal Financial Supervisory Author￾ity (BaFin) on dd.mm.yyyy (“internet address of the BaFin publication”). The details are provided in the attached operational guidelines and their annexes. Your contact person[s] for issues relating to the technical execution of the bail-in:
Mr/Ms XXX, tel. xxx, email xxx
Yours sincerely,
Signature 1 Signature 2

102 In the event that this is sent by the issuer’s agent, please add the name of the issuer.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 233 of 305
3.1.2 Write-up – Operational guidelines
These operational guidelines provide detailed technical information on the write-up of instruments used in the bail-in. They are prepared by the bank or, if applicable, its agent in consultation with the CSD and the NNA and attached as appendices to the instruction letter. The operational guidelines for the write-up are additionally published on the website of the institution under resolution and/or, if applicable, its agent, and thereby inform market participants about the write-up and the implications for the affected instruments. A template for the operational guidelines with regard to the technical scenarios 7 and 8 for the write-up and guidance on populating the fields are provided below. Please note: A separate operational guidelines must be prepared for each technical scenario. Background information and explanatory notes on the individual fields to be filled in the operational guidelines can be found in Table 50.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 234 of 305 Operational guidelines for execution of the write-up order dated DD.MM.YYYY (scenarios 7 to 8 for a write-up) -- Name of the issuer-- -- Name of the security(ies)/see Annex if applicable-- -- ISIN/see Annex if applicable -- ______________________________________________________ Name -- Name of the instructing bank/of the institution under resolution and contact details-- CBF Account Affected ISINs List of all ISIN Codes according to the detailed list of instruments Action (scenario) ap￾plicable to the above ISIN codes --please delete the actions that are not relevant--
7. Unstructured bearer bonds (percentage- and unit-quoted): Before overall
maturity: nominal value/pool factor write-up of unstructured bearer bonds
8. Unstructured bearer bonds (percentage- and unit-quoted): After overall ma￾turity: nominal value write-up via cash compensation in case of unstructured
bearer bonds
Technical subscription ratios
List of technical subscription ratios according to detailed list of instruments for the write-up. If there is a large number of ISINs, reference can also be made to the detailed list of instruments Explanations If applicable, explanations on the calculation of the technical subscription ratios Pool factor (ex-date) List of pool factors (ex-date) after the bail-in according to detailed list of instru￾ments. If there is a large number of ISINs, reference can also be made to the de￾tailed list of instruments for the write-up Pool factor (after write-up) List of pool factors (after write-up) according to detailed list of instruments. If there is a large number of ISINs, reference can also be made to the detailed list of instruments for the write-up Treatment of interest Information on offsetting accrued interest via the defined technical subscription ratio Publications Website address of issuer and BaFin and any additional websites CBF record date (write-up) according to CBF CBF settlement date (write-up) according to CBF Treatment of open transactions according to CBF compensation rules xxx Placeholder for additional information from central execution agent

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 235 of 305 The following table explains the information to be provided in the operational guidelines for the write-up:
Information to be provided in the operational guidelines (see template above) Information Explanation Central execution agent The institution under resolution that is responsible for preparing the instruc￾tion letter and supporting documents or, if applicable, its agent. CBF account Account of the institution under resolution at CBF. Affected ISINs ISINs of instruments affected by the bail-in. List of all ISINs of the instruments to which the same technical scenario applies. If several instruments or ISINs are affected, reference can be made to the detailed list of instruments for the write-up. Action applicable to the above ISIN codes Enter the technical scenario to be applied to the ISINs listed in the above field. The field must be populated in consultation with central securities de￾pository. Technical subscription ra￾tios Information on the technical subscription ratios for the technical scenario. If several instruments are affected, reference can be made to the detailed list of instruments for the write-up. Explanations If applicable, explanations on the calculation of the technical subscription ra￾tios. If several instruments are affected, reference can be made to the de￾tailed list of instruments for the write-up. Pool factor (ex-date) Pool factor on ex-date (after bail-in). Pool factor (after write￾up) New pool factor after the write-up. Treatment of interest Information on offsetting accrued interest via the defined technical subscrip￾tion ratio. Publications Websites on which information about the write-up is available, i.e. BaFin’s website, where the corresponding administrative act is published; and web￾site of the institution under resolution and/or its agent, if applicable, where the operational guidelines are published. Record date (write-up) CBF record date (write-up) Date on which the write-up is implemented technically in the systems of the central securities depository. The field must be populated in consultation with central securities depository. CBF settlement date (write-up) Date on which a trade is settled (delivery and payment). The field must be populated in consultation with central securities depository. Treatment of open trans￾actions See the pre-filling of the operational guidelines listed above (“according to CBF compensation rules”). xxx Placeholder for additional information.
Table 50: Explanations on the operational guidelines for the write-up

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 236 of 305
3.1.3 Write-up – Detailed list of financial instruments
The detailed list of instruments for the write-up contains specific information for each ISIN affected by the bail-in that is required by the NNA and the central securities depository to implement the write-up. The detailed list of instruments for the write-up is provided as MS Excel file. For each technical scenario (scenar￾ios 7 to 8), a separate spreadsheet is to be used within the MS Excel file. A template for the detailed list of instruments is provided to the institutions as part of the resolution planning activities on request. Conventions for filling out the detailed list of instruments (write-up) in case of unstructured bearer bonds:

• All amounts entered in the detailed list of instruments must be shown with decimal places. The dec￾imal places must be rounded down. With regard to the number of decimal places, the following
  conventions are to be followed:
• Column “Outstanding aggregate principal amount (ex-date)”: 2 decimal places
• Column “Outstanding aggregate principal amount (after write-up)”: 2 decimal places
• Column “Denomination (request date)“: 2 decimal places
• Column “Pool factor (request date)”: 9 decimal places
• Column “Denomination (ex-date)“: 2 decimal places
• Column “Pool factor (ex-date)“: 9 decimal places
• Column “Write-up of denomination/Pool factor (request date) […]”: 7 decimal places
• Column “Denomination (after Write-Up)”: 2 decimal places
• Column “Pool factor (after Write-up)”: 9 decimal places
• Column “Numerator of the subscription ratio”: 2 decimal places
• Column “Denominator of the subscription ratio”: 7 decimal places
• Column “Payment in % […]”: 7 decimal places
• Column “Cash compensation amount”: 3 decimal places
• The pool factor is expressed as a number and not as a percentage, e.g. 0,5 for 50%.
• Date format: DD.MM.YYYY
• No blank characters in the cells
• If a field is not relevant, it has to be filled with “n.a.”.
• In the number representation, a point is to be used as thousand separator and a comma as decimal
  separator (e.g. 1.000,00).
  The tables below include examples for technical scenarios 7 to 8 and explanatory notes to the fields to be populated. Note 1: It is important to note that only that portion of the liability that was previously written down as
  part of the application of the bail-in tool can be written up. This means that only bearer bonds that were
  (partially) written down by applying technical bail-in scenarios 3b, 4, 5b and 6 can be written up. Note 2: If instruments from technical scenario 3a (full reduction through conversion) were allocated to technical scenario 4 as part of the bail-in execution due to the rounding that was ordered, and the resulting number of new shares of zero or the effective conversion rate of zero, these cannot be written up. This also applies to instruments that were categorised from technical scenario 5a (partial reduction through conversion) to technical scenario 6 due to the number of new shares of zero or the effective conversion rate of zero. See Chapter V.4.1.1.3 Note 4 and the following table. Note 3: The tables below do not include examples of bearer bonds in foreign currency because the foreign currency is irrelevant for the calculations applying to the write-up. Cash compensation after the overall ma￾turity of a bearer bond uses the original currency.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 237 of 305
Table 51: Initial technical scenarios for write-up of unstructured bearer bonds
Initial technical scenario
(bail-in)
Description
Technical scenario for write-up
Description
3a
Unstructured bearer bonds (percentage￾quoted and quoted in units): Full reduction of unstructured bearer bonds through full conver￾sion into new shares n.a. 3b Unstructured bearer bonds (percentage￾quoted and quoted in units): Full reduction of unstructured bearer bonds through combina￾tion of write-down and conversion 7 or 8 Scenario 7: Write-up of unstructured bearer bonds BEFORE overall maturity by modifying the nominal value/pool factor Scenario 8: Write-up of unstructured bearer bonds AFTER overall maturity by cash com￾pensation 4 Unstructured bearer bonds (percentage￾quoted and quoted in units): Full nominal value/pool factor reduction without cancella￾tion of old bonds WITHOUT conversion into new shares 7 or 8 Scenario 7: Write-up of unstructured bearer bonds BEFORE overall maturity by modifying the nominal value/pool factor Scenario 8: Write-up of unstructured bearer bonds AFTER overall maturity by cash com￾pensation *Treatment of special cases: Instruments that were allocated to technical scenario 4 due to rounding and the resulting number of new shares of zero or the effective conver￾sion rate of zero from technical scenario 3a cannot be written up. 5a Unstructured bearer bonds (percentage￾quoted and quoted in units): Partial reduction of unstructured bearer bonds through partial conversion into new shares n.a. 5b Unstructured bearer bonds (percentage￾quoted and quoted in units): Partial reduction of unstructured bearer bonds through combi￾nation of write-down and conversion of the bearer bonds into new shares 7 or 8 Scenario 7: Write-up of unstructured bearer bonds BEFORE overall maturity by modifying the nominal value/pool factor Scenario 8: Write-up of unstructured bearer bonds AFTER overall maturity by cash com￾pensation 6 Unstructured bearer bonds (percentage￾quoted and quoted in units): Nominal value/pool factor reduction with partial cancel￾lation of old bonds WITHOUT conversion into new shares 7 or 8 Scenario 7: Write-up of unstructured bearer bonds BEFORE overall maturity by modifying the nominal value/pool factor Scenario 8: Write-up of unstructured bearer bonds AFTER overall maturity by cash com￾pensation Treatment of special cases: Instruments that were allocated to technical scenario 6 due to rounding and the resulting number of new shares of zero or the effective conver￾sion rate of zero from technical scenario 5a cannot be written up.

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 238 of 305 Scenario 7: Before maturity – nominal/pool factor write-up (percentage-quoted unstructured bonds) ISIN of the instruments affected by Bail-in Initial technical scenario Bail-in Request-Date CBF Ex-Date CBF Record-Date (Write-Up) CBF Settlement-Date (Write-Up) Outstanding Aggregate Principal Amount (Ex-Date) Outstanding Aggregate Principal Amount (after Write-Up) Denomination (Request-Date) Pool Factor (Request Date) Denomination (Ex-Date) Pool Factor (Ex-Date) Write-Up of Denomina￾tion/Pool Factor in % (Request Date) Denomination (after Write-Up) Pool Factor (after Write-Up) Numerator of the subscription ratio Denominator of the subscription ratio Currency numerator of the subscription ratio Currency denominator of the subscription ratio Unit of quotation Scenario SIN 3b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 0 160.000.000 1.000 n.a. 0 n.a. 40 400 n.a. 0 400 EUR EUR percentage￾quoted 7 WO PF/EUR ISIN 3b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 0 80.000.000 1.000 0,5 n.a. 0 40 n.a. 0,2 n.a. n.a. EUR EUR percentage￾quoted 7 WT PF/EUR ISIN 4 01.12.2020 07.12.2020 07.07.2021 08.07.2021 0 300.000.000 1.000 n.a. 0 n.a. 100 1.000 n.a. 0 1.000 EUR EUR percentage￾quoted 7 WO PF/EUR ISIN 4 01.12.2020 07.12.2020 07.07.2021 08.07.2021 0 240.000.000 1.000 0,8 n.a. 0 100 n.a. 0,8 n.a. n.a. EUR EUR percentage￾quoted 7 WT PF/EUR ISIN 5b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 90.000.000 210.000.000 1.000 n.a. 300 n.a. 40 700 n.a. 300 400 EUR EUR percentage￾quoted 7 WO PF/EUR ISIN 5b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 45.000.000 105.000.000 1.000 0,5 n.a. 0,15 40 n.a. 0,35 n.a. n.a. EUR EUR percentage￾quoted 7 WT PF/EUR ISIN 6 01.12.2020 07.12.2020 07.07.2021 08.07.2021 120.000.000 300.000.000 1.000 n.a. 400 n.a. 60 1.000 n.a. 400 600 EUR EUR percentage￾quoted 7 WO PF/EUR ISIN 6 01.12.2020 07.12.2020 07.07.2021 08.07.2021 96.000.000 240.000.000 1.000 0,8 n.a. 0,32 60 n.a. 0,8 n.a. n.a. EUR EUR percentage￾quoted 7 WT PF/EUR WO: Without; PF: Pool Factor. Example: “7 WT PF/EUR stands for – Scenario 7 WITH Pool Factor and EUR as an issuance currency of the bond. Examples with a Pool Factor are marked in blue.
Table 52: Extract of detailed list of instruments for write-up (percent.-quot. unstruct. BBs) – scenario 7

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 239 of 305 Scenario 7: Before maturity – nominal/pool factor write-up (unit-quoted unstructured bonds) ISIN of the instruments affected by Bail-in Initial technical scenario Bail-in Request-Date CBF Ex-Date CBF Record-Date (Write-Up) CBF Settlement-Date (Write-Up) Outstanding Aggregate Principal Amount (Ex-Date) Outstanding Aggregate Principal Amount (after Write-Up) Denomination (Request Date) Pool Factor (Request- Date) Denomination (Ex-Date) Pool Factor (Ex-Date) Write-Up of Denomina￾tion/Pool Factor in % (Request Date) Denomination (after Write-Up) Pool Factor (after Write-Up) Numerator of the subscription ratio Denominator of the sub￾scription ratio Currency numerator of the subscription ratio Currency denominator of the subscription ratio Unit of quotation Scenario ISIN 3b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 0 400.000 1.000 n.a. 0 n.a. 40 400 n.a. n.a. n.a. n.a. n.a. unit-quoted 7 WO PF/EUR ISIN 3b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 0 400.000 1.000 0,5 n.a. 0 40 n.a. 0,2 n.a. n.a. n.a. n.a. unit-quoted 7 WT PF/EUR ISIN 4 01.12.2020 07.12.2020 07.07.2021 08.07.2021 0 300.000 1.000 n.a. 0 n.a. 100 1.000 n.a. n.a. n.a. n.a. n.a. unit-quoted 7 WO PF/EUR ISIN 4 01.12.2020 07.12.2020 07.07.2021 08.07.2021 0 300.000 1.000 0,8 n.a. 0 100 n.a. 0,8 n.a. n.a. n.a. n.a. unit-quoted 7 WT PF/EUR ISIN 5b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 300.000 300.000 1.000 n.a. 300 n.a. 40 700 n.a. n.a. n.a. n.a. n.a. unit-quoted 7 WO PF/EUR ISIN 5b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 300.000 300.000 1.000 0,5 n.a. 0,15 40 n.a. 0,35 n.a. n.a. n.a. n.a. unit-quoted 7 WT PF/EUR ISIN 6 01.12.2020 07.12.2020 07.07.2021 08.07.2021 300.000 300.000 1.000 n.a. 400 n.a. 60 1.000 n.a. n.a. n.a. n.a. n.a. unit-quoted 7 WO PF/EUR ISIN 6 01.12.2020 07.12.2020 07.07.2021 08.07.2021 300.000 300.000 1.000 0,8 n.a. 0,32 60 n.a. 0,8 n.a. n.a. n.a. n.a. unit-quoted 7 WT PF/EUR WO: Without; PF: Pool Factor. Example: “7 WT PF/EUR stands for – Scenario 7 WITH Pool Factor and EUR as an issuance currency of the bond. Examples with a Pool Factor are marked in blue.
Table 53: Extract of detailed list of instruments for write-up (unit-quot. unstruct. BBs) – scenario 7

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 240 of 305 Information to be provided within the detailed list of instruments for write-up of unstructured bearer bonds before maturity – technical scenario 7 Information Explanation ISIN (Stamm￾gattung nicht strukturierte ISV) ISIN of the in￾struments af￾fected by bail-in ISIN of the instruments affected by the bail-in. Unique identifier known to the counterparty according to data point 1.4 of MaBail-in or DE-IRT-Bail-in-Guidance [ISIN/specific ID]. Technisches Aus￾gangsszenario Initial technical scenario Technical scenario 3b, 4, 5b or 6 used in bail-in execution. Bail-in Anfragestichtag Bail-in request date Request date of the bail-in measure. CBF Ex-Tag CBF Ex-date The day after the date of technical execution of the bail-in measure (the CBF settlement date of the bail-in measure). Populate the field in consultation with central securities depository. CBF Stichtag der Maßnahme (Heraufschrei￾bung) CBF record date (Write-Up) Date on which the write-up is implemented technically in the systems of the central se￾curities depository. This date must not be more than 1 day before the CBF settlement date of a write-up. Populate the field in consultation with central securities depository. CBF Erfüllungs￾tag (Herauf￾schreibung) CBF settlement date (Write-Up) Date on which a trade is settled (delivery and payment). Populate the field in consulta￾tion with central securities depository.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 241 of 305 Information to be provided within the detailed list of instruments for write-up of unstructured bearer bonds before maturity – technical scenario 7 Information Explanation Ausstehender Gesamtnenn￾wert (Ex-Tag) Outstanding ag￾gregate principal amount (Ex￾Date) For percentage-quoted bearer bonds, enter the actual aggregate principal amount outstanding in the original currency for the relevant ISIN at the ex-date. WM data field GD650A [Volume outstanding]. For bearer bonds quoted in units, enter the total number of units outstanding on the ex-date for the ISIN. WM data field GD650A [Volume outstanding]. Note: In the case of pool factor instruments, the pool factor is already included in the outstanding aggregate principal amount (volume outstanding). Example: The issue volume of a bearer bond is EUR 400.000.000. The pool factor is 0,5. The outstanding aggregate principal amount (volume outstanding) is therefore EUR
200.000.000 = EUR 400.000.000 * 0,5.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 242 of 305 Ausstehender Gesamtnenn￾wert (nach der Heraufschrei￾bung) Outstanding ag￾gregate principal amount (after Write-Up) For percentage-quoted bearer bonds, enter the new aggregate principal amount after the write-up in the original currency for the relevant ISIN. Example – Percentage-quoted unstructured bearer bonds:
Aggregate principal amount on request date (before bail-in) in EUR: 300.000.000 Write-down percentage: 40 Conversion percentage: 30 Aggregate principal amount on ex-date (after bail-in) in EUR: 90.000.000 Write-up percentage: 40 New aggregate principal amount after write-up in EUR: 210.000.000* *The amount is calculated as follows:
210.000.000 = 300.000.000 * 40% + 90.000.000
Enter 210.000.000 (EUR) in this field.
For bearer bonds quoted in units, enter the total number of units after the write-up for the ISIN. Example 1 – Unstructured bearer bonds quoted in units:
Total number of units on request date (before bail-in): 300.000 Write-down percentage: 40 Conversion percentage: 30 Total number of units on ex-date (after bail-in): 300.000 Write-up percentage: 40 New total number of units after write-up: 300.000 Enter 300.000 (units) in this field. The total number of units of unstructured bearer bonds does not change as a result of the bail-in and the write-up. Example 2 – Unstructured bearer bonds quoted in units:
Total number of units on request date (before bail-in): 400.000 Write-down percentage: 40 Conversion percentage: 60 Total number of units on ex-date (after bail-in): 0 Write-up percentage: 40 New total number of units after write-up: 400.000 Enter 400.000 (units) in this field. The total number of units of unstructured bearer bonds does not change as a result of the bail-in and the write-up.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 243 of 305 Information to be provided within the detailed list of instruments for write-up of unstructured bearer bonds before maturity – technical scenario 7 Information Explanation NW zum Stück (Anfragestich￾tag) Denomination (Request Date) For percentage-quoted bearer bonds, enter the outstanding nominal value per unit of the bond class on the request date (before the bail-in) in the original currency. WM data field GD455A [Smallest transferable unit]. Data point 2.3 [Outstanding nominal value per unit in EUR] according to MaBail-in or DE-IRT-Bail-in-Guidance. For bearer bonds quoted in units, enter the outstanding nominal value per unit of the bond class on the request date (before the bail-in) in the original currency. WM data field GD460A [Nominal value per unit]. Data point 2.3 [Outstanding nominal value per unit in EUR] according to MaBail-in or DE-IRT-Bail-in-Guidance. Note: For pool factor instruments, the outstanding nominal value per unit does not include the pool factor. Poolfaktor (Re￾quest-Date) Pool factor (Re￾quest Date) Pool factor of the instrument on the bail-in request date. NW zum Stück (Ex-Date) Denomination (Ex-Date) For percentage-quoted bearer bonds, enter the outstanding nominal value on the ex￾date (after the bail-in) per unit of the bond class in the original currency. WM data field GD455A [Smallest transferable unit]. For bearer bonds quoted in units, enter the outstanding nominal value per unit of the bond class on the ex-date (after the bail-in) in the original currency. WM data field GD460A [Nominal value per unit]. Poolfaktor (Ex￾Date) Pool factor (Ex￾Date) Pool factor of the bond on the ex-date. Heraufschrei￾bung des NW/PF (Ex￾Date) in % Write-up of de￾nomination/Pool factor (ex-date) in % Enter the write-up percentage in accordance with the write-up order in this field.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 244 of 305 Information to be provided within the detailed list of instruments for write-up of unstructured bearer bonds before maturity – technical scenario 7 Information Explanation NW zum Stück (nach der Her￾aufschreibung) Denomination (after Write-Up) Enter the new nominal value per bond after the write-up in this field. Example – percentage-quoted bearer bonds:
Outstanding nominal value on request date (before bail-in) in EUR: 1.000 Write-down percentage: 40 Conversion percentage: 30 Outstanding nominal value on ex-date (after bail-in) in EUR: 300 Write-up percentage: 40 Outstanding nominal value after write-up in EUR: 700* The amount is calculated as follows: 700 = 1.000 * 40% + 300 Enter 700 (EUR) in this field. Example – bearer bonds quoted in units:
Outstanding nominal value at request date (before bail-in) in EUR: 1.000 Write-down percentage: 40 Conversion percentage: 30 Outstanding nominal value on ex-date (after bail-in) in EUR: 300 Write-up percentage: 40 Outstanding nominal value after write-up in EUR: 700 The amount is calculated as follows: 700 = 1.000 * 40% + 300 Enter 700 (EUR) in this field. Note: For a pool factor instrument, enter "n.a." in this field because the write-up is im￾plemented using a pool factor. Poolfaktor (nach der Her￾aufschreibung) Pool factor (after Write-Up) New pool factor after the write-up. Example:
Pool factor on request date (before bail-in): 0,5 Write-down percentage: 40 Conversion percentage: 30 Pool factor on ex-date (after bail-in): 0,15 Write-up percentage: 40 Pool factor after write-up: 0,35 *The amount is calculated as follows: 0,35 = 0,5 * 40% + 0,15

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 245 of 305 Information to be provided within the detailed list of instruments for write-up of unstructured bearer bonds before maturity – technical scenario 7 Information Explanation Technisches Zu￾buchungsver￾hältnis Zähler Numerator of the technical subscription ra￾tio Numerator of the technical subscription ratio. WM data field KD008B [Numerator for multiplier (German method)]. Percentage-quoted structured bearer bonds: The technical subscription ratio is the ratio of the outstanding nominal value per instrument in original currency on the ex￾date (after the bail-in) to the amount in original currency by which the nominal value outstanding on the ex-date is to be increased as part of the write-up. Nominal value (old) in original currency : nominal value (new) in original currency Structured bearer bonds quoted in units: There is no technical subscription ratio for structured bearer bonds quoted in units. Populate the corresponding columns with “n.a.”. Example – percentage-quoted bearer bonds:
Outstanding nominal value on request rate (before bail-in) in EUR: 1.000 Write-down percentage: 40 Conversion percentage: 30 Outstanding nominal value on ex-date (after bail-in) in EUR: 300 Write-up percentage: 40 The technical subscription ratio is therefore: 300 : 400 Enter 300 (EUR) as the numerator in this field. Note: For pool factor instruments, enter “n.a.” for the technical subscription ratio.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 246 of 305 Information to be provided within the detailed list of instruments for write-up of unstructured bearer bonds before maturity – technical scenario 7 Information Explanation Technisches Zu￾buchungsver￾hältnis Nenner Denominator of the technical subscription ra￾tio Denominator of the technical subscription ratio. WM data field KD009B [Denominator for multiplier (German method)]. Percentage-quoted structured bearer bonds: The technical subscription ratio is the ratio of the outstanding nominal value per instrument in original currency on the ex￾date (after the bail-in) to the amount in original currency by which the nominal value outstanding on the ex-date is to be increased as part of the write-up. Nominal value (old) in original currency : nominal value (new) in original currency Structured bearer bonds quoted in units: There is no technical subscription ratio for structured bearer bonds quoted in units. Populate the corresponding columns with “n.a.”. Example – percentage-quoted bearer bonds:
Outstanding nominal value on request rate (before bail-in) in EUR: 1.000 Write-down percentage: 40 Conversion percentage: 30 Outstanding nominal value on ex-date (after bail-in) in EUR: 300 Write-up percentage: 40 The technical subscription ratio is therefore: 300 : 400* Enter 400 (EUR) as the denominator in this field. *The amount is calculated as follows: 400 = 1.000 * 40% Note: For pool factor instruments, enter “n.a.” for the subscription ratio. Technisches Zu￾buchungsver￾hältnis Zähler (Währung) Currency sub￾scription ratio numerator The original currency of the instrument. WM data field KD008A [Currency of subscription ratio numerator]. Technisches Zu￾buchungsver￾hältnis Nenner (Währung) Currency sub￾scription ratio denominator The original currency of the instrument. WM data field KD009A [Currency of subscription ratio denominator].

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 247 of 305 Information to be provided within the detailed list of instruments for write-up of unstructured bearer bonds before maturity – technical scenario 7 Information Explanation Art der Börsen￾notiz Unit of quota￾tion Type of stock exchange quotation for the security, e.g. “percentage-quoted“ or “unit￾quoted”. Szenario Scenario Enter technical scenario “7”.
Table 54: Explanations on detailed list of instruments for write-up (unstr. bearer bonds) – scenario 7

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 248 of 305 Scenario 8: After maturity – nominal/pool factor write-up through cash compensation (percentage-quoted unstructured bonds) ISIN of the instruments affected by Bail-in Initial technical scenario Bail-in Request-Date CBF Ex-Date CBF Record-Date (Write-Up) CBF Settlement-Date (Write-Up) Denomination (Request-Date) Pool Factor (Request-Date) Payment in % (cash compensation percentage) Cash Compensation Amount Currency Unit of quotation Scenario ISIN 3b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 n.a. 40 400 EUR percentage-quoted 8 WO PF/EUR ISIN 3b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 0,5 40 200 EUR percentage-quoted 8 WT PF/EUR ISIN 4 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 n.a. 100 1.000 EUR percentage-quoted 8 WO PF/EUR ISIN 4 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 0,8 100 800 EUR percentage-quoted 8 WT PF/EUR ISIN 5b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 n.a. 40 400 EUR percentage-quoted 8 WO PF/EUR ISIN 5b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 0,5 40 200 EUR percentage-quoted 8 WT PF/EUR ISIN 6 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 n.a. 60 600 EUR percentage-quoted 8 WO PF/EUR ISIN 6 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 0,8 60 480 EUR percentage-quoted 8 WT PF/EUR WO: Without; PF: Pool Factor. Example: “8 WT PF/EUR stands for – Scenario 8 WITH Pool Factor and EUR as an issuance currency of the bond. Examples with a Pool Factor are marked in blue.
Table 55: Extract from detailed list of instruments for write-up (percent.-quot. unstr. BBs) – scenario 8

This translation is furnished for information purposes only. The original German text is binding in all respects. Guidance Notice – External Bail-in Execution Page 249 of 305 Scenario 8: After maturity – nominal/pool factor write-up through cash compensation (unit-quoted unstructured bonds) ISIN of the instruments affected by Bail-in Initial technical scenario Bail-in Request-Date CBF Ex-Date CBF Record-Date (Write-Up) CBF Settlement-Date (Write-Up) Denomination (Request Date) Pool Factor (Request Date) Payment in % (cash compensation percentage) Cash Compensation Amount Currency Unit of quotation Scenario ISIN 3b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 n.a. 40 400 EUR unit-quoted 8 WO PF ISIN 3b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 0,5 40 200 EUR unit-quoted 8 WT PF ISIN 4 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 n.a. 100 1.000 EUR unit-quoted 8 WO PF ISIN 4 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 0,8 100 800 EUR unit-quoted 8 WT PF ISIN 5b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 n.a. 40 400 EUR unit-quoted 8 WO PF ISIN 5b 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 0,5 40 200 EUR unit-quoted 8 WT PF ISIN 6 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 n.a. 60 600 EUR unit-quoted 8 WO PF ISIN 6 01.12.2020 07.12.2020 07.07.2021 08.07.2021 1.000 0,8 60 480 EUR unit-quoted 8 WT PF WO: Without; PF: Pool Factor. Example: “8 WT PF stands for – Scenario 8 WITH Pool Factor. Examples with a Pool Factor are marked in blue.
Table 56: Extract from detailed list of instruments for write-up (unit-quot. unstr. BBs) – scenario 8

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 250 of 305 Information Explanation ISIN (Stammgattung nicht strukturierte ISV) ISIN of the instruments affected by Bail-in ISIN of the instruments used in the bail-in. Unique identifier known to the counterparty according to data point 1.4 of Ma￾Bail-in or DE-IRT-Bail-in-Guidance [ISIN/specific ID]. Technisches Aus￾gangsszenario Initial technical scenario Technical scenario 3b, 4, 5b or 6 used in bail-in execution Bail-in Anfragestichtag Bail-in Request Date Request date of the bail-in action CBF Ex-Tag CBF Ex-Date The day after the date of technical execution of the bail-in action (the CBF settle￾ment date of the bail-in action). Populate the field in consultation with central securities depository. CBF Stichtag der Maß￾nahme (Heraufschrei￾bung) CBF Record Date (Write￾Up) Date on which the write-up is implemented technically in the systems of the central securities depository. This date must not be more than 1 day before the CBF settlement date (write-up). Populate the field in consultation with central securities depository. CBF Erfüllungstag (Heraufschreibung) CBF Settlement Date (Write-Up) Date on which a trade is settled (delivery and payment). Populate the field in consultation with central securities depository. NW zum Stück (Bail-in Anfragestichtag) Denomination (Bail-in Request Date) For percentage-quoted bearer bonds, enter the outstanding nominal value per unit of the bond class on the request date (before the bail-in) in the original cur￾rency. Data point 2.3 [Outstanding nominal value per unit in EUR] according to MaBail￾in or DE-IRT-Bail-in-Guidance. WM data field GD455A [Smallest transferable unit]. For bearer bonds quoted in units, enter the outstanding nominal value per unit of the bond class on the request date (before the bail-in) in the original cur￾rency. Data point 2.3 [Outstanding nominal value per unit in EUR] according to MaBail￾in or DE-IRT-Bail-in-Guidance. WM data field GD460A [Nominal value per unit]. Note: For pool factor instruments, the nominal value per unit does not include the pool factor.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 251 of 305 Information Explanation Barausgleichspro￾zentsatz Payment in % (cash compensation percent￾age) Cash compensation percentage in accordance with the write-up order. Barausgleichsbetrag Cash compensation amount The amount of the cash compensation in line with the cash compensation per￾centage specified in the write-up order. Example 1 (bearer bonds without pool factor):
Outstanding nominal value on request rate (before bail-in) in EUR 1.000 Write-down percentage: 40 Cash compensation percentage: 40 Cash compensation amount: 400* The cash compensation amount is calculated as follows: 400 = 1.000 * 40%. Enter 400 (EUR) in this field. Example 2 (bearer bonds with pool factor):
Outstanding nominal value on request rate (before bail-in) in EUR: 1.000 Pool factor on request date: 0,5 Write-down percentage: 40 Cash compensation percentage: 40 Cash compensation amount: 200 *The cash compensation amount is calculated as follows:
200 = 1.000 * 0,5 * 40%.
Enter 200 (EUR) in this field.
Art der Börsennotiz
Unit of quotation
Type of stock exchange quotation for the security, e.g. “percentage-quoted“ or “unit-quoted”. Scenario Scenario Enter technical scenario “8”.
Table 57: Explanations on detailed list of instruments for write-up (unstr. bearer bonds) – scenario 8

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 252 of 305
VII. Appendices
Appendix I – Calculation examples for filling out the detailed list of instruments
The following subsections explain how to fill out the detailed list of instruments for domestic bail-in imple￾mentation (see Chapter V.4.1.1.3) on the basis of four example cases. Filling out the detailed list of instruments of the "ICSD Add-On" may be slightly different (see Chapter V.4.2.1.3). Assume that within the framework of the bail-in, the CET1 instruments are cancelled first. This is followed by a partial reduction of the liabilities of the AT1 rank through write-down and conversion. Whereby the liabilities of the AT1 rank are percentage-quoted unstructured bearer bonds. In addition it is assumed that the propor￾tionate amount of share capital per new share is euro 1. The following technical scenarios apply:
 Technical scenario 1: cancellation of old shares WITHOUT conversion into new shares  Technical scenario 5b: partial nominal value/pool factor reduction of percentage-quoted unstruc￾tured bearer bonds through a combination of write-down and conversion into new shares. Scenario 5b differentiates according to whether (1) the bonds were issued in euros or in a foreign currency and whether (2) it is a reduction with or without a pool factor (see also background information "Pool factor" in V.2.7). A total of four cases or variants of technical scenario 5b are possible. These are shown in the figure below together with the corresponding example cases described in this chapter:
Figure 914: Assumptions of technical scenario 5b
In all example cases it is assumed that the accrued interest is euro 25 or DM 25 and that in the case of pool factor instruments this has already been adjusted by the corresponding pool factor. In addition, it is as￾sumed that the exchange rate under the resolution orderResolution Order is EUR/DM 0.,5.103

103 This is a notional figure.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 253 of 305 A.I.1 Cancellation of old shares and example case 1 It is assumed that the effective date of the resolution orderResolution Order is 3 December 2020 and the following measures are mandated:
1.) the full cancellation of the bearer shares with the ISIN DEXXX2999999; and 2.) the partial write-down and partial conversion of the unstructured bearer bond belonging to the AT1 rank, i.e. rank 2 in the bail-in sequence with the ISIN DEXXX4567893. The nominal value of un￾structured bearer bond is EUR 1.000 per bond. The nominal valueThe outstanding aggregate princi￾pal amount of the global certificate is EUR 300.000.000. Accrued interest per bond is EUR 25. The resolution orderResolution Order prescribes a discontinuation/suspension of trading for the instruments affected by the bail-in. Information given in the resolution orderResolution Order:
1.) Full cancellation of old shares
Affected ISIN: DEXXX2999999
2.) Write-down and conversion of an unstructured bearer bond Affected ISIN: DEXXX4567893 Write-down percentage: 40 Conversion percentage: 30 Effective conversion rate: 0,72 Issue amount per share in EUR: 1
Table 58: Example case 1 – Assumptions
The following table illustrates the derivation of the technical booking ratio.
Calculation of the technical booking ratio:
Numerator of the technical booking ratio:
outstanding principal amount per unit before write-down and conversion (nominal value in the system of the CSD) in EUR:
EUR 1.000
Write-down percentage: 40
Conversion percentage: 30
Total reduction rate of the outstanding prin￾cipal amount in %: 70 = 40 + 30 Denominator of the technical booking ratio:
outstanding principal amount per unit after write-down and conversion in EUR (nominal value in the system of the CSD):
300 EUR = 1.000 EUR * (1 – 70%)
Technical booking ratio: EUR 1.000 : EUR 300
Table 59: Example case 1 – Calculation of the technical booking ratio

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 254 of 305 The following table illustrates the calculation of the technical conversion ratio:
Calculation of the amount to be converted and the technical conversion ratio:
Relevant amount (to be converted into new shares) per bond in EUR: EUR 307,5 = (EUR 1.000 + EUR 25) * 30% Components of the relevant amount:
Numerator of the technical conversion ratio:
outstanding principal amount per unit (nomi￾nal value in the system of the CSD) in EUR:
EUR 1.000
Outstanding principal amount per unit to be used for conversion in EUR: EUR 300 = EUR 1.000 * 30% Accrued interest per unit to be used for con￾version in EUR: EUR 7,5 = EUR 25 * 30% Fees and charges per unit to be used for con￾version in EUR: n.a. Denominator of the technical conversion ra￾tio: number of new shares per unit: 221,400 = (EUR 307,50 * 0,72) / EUR 1 Technical conversion ratio: EUR 1.000 : 221,400
Table 60: Example case 1 – Calculations of the amount to be converted and technical conversion ratio
A.I.2 Cancellation of old shares and example case 2 It is assumed that the effective date of the resolution orderResolution Order is 3 December 2020 and the following measures are mandated:
1.) the full cancellation of the bearer shares with the ISIN DEXXX2999999; and 2.) the partial write-down and partial conversion of the unstructured bearer bond belonging to the AT1 rank, i.e. rank 2 in the bail-in sequence with the ISIN DEXXX4567893. The nominal value of bearer bond is EUR 1.000 per bond. The nominal valueThe outstanding aggregate principal amount of the global certificate is EUR 300.000.000. Accrued interest per bond is EUR 25. The pool factor (old) is equal to 0,5. The resolution orderResolution Order prescribes a discontinuation/suspension of trading for the instruments affected by the bail-in. Information given in the resolution orderResolution Order:
3.) Full cancellation of old shares
Affected ISIN: DEXXX2999999

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 255 of 305 4.) Write-down and conversion of an unstructured bearer bond Affected ISIN: DEXXX4567893 Write-down percentage: 40 Conversion percentage: 30 Effective conversion rate: 0,72 Issue amount per share in EUR: 1
Table 61: Example case 2 – Assumptions
The table below shows the calculation of the new pool factor:
Calculation of the new pool factor:
Outstanding principal amount per unit before write-down and conversion (nominal value in the system of the CSD) in EUR:
EUR 1.000
Pool factor (old): 0,5
Write-down percentage: 40
Conversion percentage: 30
Total reduction rate of the outstanding prin￾cipal amount in %:
70 = 40 + 30
Outstanding principal amount per unit after write-down and conversion in EUR (nominal value in the system of the CSD):
EUR 1.000
Pool factor (new): 0,15 = 0,5 * (1 – 70%)
Table 62: Example case 2 – Calculation of the new pool factor
The following table illustrates the calculation of the technical conversion ratio:
Calculation of the amount to be converted and the technical conversion ratio:
Relevant amount (to be converted into new shares) per bond in EUR: EUR 157,50 = (EUR 1.000 * 0,5 + EUR 25) * 30% Components of the relevant amount:
Numerator of the technical conversion ratio:
outstanding principal amount per unit (nomi￾nal value in the system of the CSD) in EUR:
EUR 1.000
Pool factor (old): 0,5
Outstanding principal amount per unit to be used for conversion in EUR: EUR 150 = 1.000 * 0,5 * 30%

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 256 of 305 Calculation of the amount to be converted and the technical conversion ratio:
Accrued interest per unit to be used for con￾version in EUR: EUR 7,50 = EUR 25 * 30% Fees and charges per unit to be used for con￾version in EUR: n.a. Denominator of the technical conversion ra￾tio: number of new shares per unit: 113,400 = (EUR 157,50 * 0,72) / EUR 1 Technical conversion ratio: EUR 1.000 : 113,400
Table 63: Example case 2 – Calculations of the amount to be converted and technical conversion ratio
A.I.3 Cancellation of old shares and example case 3 It is assumed that the effective date of the resolution orderResolution Order is 3 December 2020 and the following measures are mandated:

1. the full cancellation of the bearer shares with the ISIN DEXXX2999999;
   and
2. the partial write-down and partial conversion of the unstructured bearer bond belonging to the
   AT1 rank, i.e. rank 2 in the bail-in sequence with the ISIN DEXXX4567893. The nominal value of the bearer bond is DM 1.000 per bond. The nominal value of the global certificate is DM 300.000.000. Accrued interest per bond is DM 25. The exchange rate on the effective date is 0,5 EUR/DM (price quotation) in accordance with the resolution orderResolution Order; that is, 1 EUR equals 2 DM. The resolution orderResolution Order prescribes a discontinuation/suspension of trading for the instruments affected by the bail-in:
   Information given in the resolution orderResolution Order:
   5.) Full cancellation of old shares
   Affected ISIN: DEXXX2999999
   6.) Write-down and conversion of an unstructured bearer bond Affected ISIN: DEXXX4567893 Write-down percentage: 40 Conversion percentage: 30 Effective conversion rate: 0,72 Issue amount per share in EUR: 1
   Table 64: Example case 3 – Assumptions

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 257 of 305 The following table illustrates the derivation of the technical booking ratio. Calculation of the technical booking ratio:
Numerator of the technical booking ratio:
outstanding principal amount per unit before write-down and conversion (nominal value in the system of the CSD) in DM:
DM 1.000
Write-down percentage: 40
Conversion percentage: 30
Total reduction rate of the outstanding prin￾cipal amount in %: 70 = 40 + 30 Denominator of the technical booking ratio:
Outstanding principal amount per bond after write-down and conversion (nominal value in the system of the CSD) in DM:
DM 300 = DM 1.000 * (1 – 70%)
Technical booking ratio: DM 1.000 : DM 300
Table 65: Example case 3 – Calculation of the technical booking ratio
The following table illustrates the calculation of the technical conversion ratio:
Calculation of the amount to be converted and the technical conversion ratio:
Relevant amount (to be converted into new shares) per bond in EUR: EUR 153,75 = (DM 1.000 + DM 25) * EUR/DM 0,5 * 30% Components of the relevant amount:
Numerator of the technical conversion ratio:
outstanding principal amount per unit (nomi￾nal value in the system of the CSD) in DM:
DM 1.000
Exchange rate on the effective date in price quotation: EUR/DM 0,5 Outstanding principal amount per unit to be used for conversion in EUR: EUR 150 = DM 1.000 * EUR/DM 0,5 * 30% Accrued interest per unit to be used for con￾version in EUR: EUR 3,75 = DM 25 * EUR/DM 0,5 * 30% Fees and charges per unit to be used for con￾version in EUR: n.a. Denominator of the technical conversion ra￾tio: number of new shares per unit: 110,700 = (EUR 153,75 * 0,72) / EUR 1 Technical conversion ratio: DM 1.000 : 110,700
Table 66: Example case 3 – Calculations of the amount to be converted and technical conversion ratio

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 258 of 305 A.I.4 Cancellation of old shares and example case 4 It is assumed that the effective date of the resolution orderResolution Order is 3 December 2020 and the following measures are mandated:

1. the full cancellation of the bearer shares with the ISIN DEXXX2999999;
   and
2. the partial write-down and partial conversion of the unstructured bearer bond belonging to the
   AT1 rank, i.e. rank 2 in the bail-in sequence with the ISIN DEXXX4567893. The nominal value of the bearer bond is DM 1.000 per bond. The nominal valueoutstanding aggregate principal amount of the global certificate is DM 300.000.000. Accrued interest per bond is DM 25. The pool factor (old) is equal to 0,5. The exchange rate on the effective date is 0,5 EUR/DM (price quotation) according to the resolution orderResolution Order. The resolution orderResolution Order prescribes a discontinuation/suspension of trading for the instruments affected by the bail-in. Information given in the resolution orderResolution Order:
   Full cancellation of old shares
   Affected ISIN: DEXXX2999999
   Write-down and conversion of bearer bond
   Affected ISIN: DEXXX4567893
   Write-down percentage: 40
   Conversion percentage: 30
   Effective conversion rate: 0,72
   Issue amount per share in EUR: 1
   Table 67: Example case 4 – Assumptions
   The table below shows the calculation of the new pool factor:
   Calculation of the new pool factor:
   outstanding principal amount per unit before write-down and conversion (nominal value in the system of the CSD) in DM:
   DM 1.000
   Pool factor (old): 0,5
   Write-down percentage: 40
   Conversion percentage: 30

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 259 of 305 Calculation of the new pool factor:
Total reduction rate of the outstanding prin￾cipal amount in %:
70 = 40 + 30
Outstanding principal amount per bond after write-down and conversion (nominal value in the system of the CSD) in DM:
DM 1.000
Pool factor (new): 0,15 = 0,5 * (1 – 70%)
Table 68: Example case 4 – Calculation of the new pool factor
The following table illustrates the calculation of the technical conversion ratio:
Calculation of the amount to be converted and the technical conversion ratio:
Relevant amount (to be converted into new shares) per bond in EUR: EUR 78,75 = (DM 1.000 * 0,5 + DM 25) * EUR/DM 0,5 * 30% Components of the relevant amount:
Numerator of the technical conversion ratio:
outstanding principal amount per unit (nomi￾nal value in the system of the CSD) in DM:
DM 1.000
Pool factor (old): 0,5
Exchange rate on the effective date in price quotation: EUR/DM 0,5 Outstanding principal amount per unit to be used for conversion in EUR: EUR 75 = DM 1.000 * 0,5 * EUR/DM 0,5 * 30% Accrued interest per unit to be used for con￾version in EUR: EUR 3,75 = DM 25 * EUR/DM 0,5 * 30% Fees and charges per unit to be used for con￾version in EUR: n.a. Denominator of the technical conversion ra￾tio: number of new shares per unit: 56,700 = (EUR 78,75 * 0,72) / EUR 1 Technical conversion ratio: DM 1.000 : 56,700
Table 69: Example case 4 – Calculations of the amount to be converted and technical conversion ratio

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 260 of 305
Appendix II – Filling out the templates using example “Samplebank AG”
This Appendix explains how to fill out the templates explained in Chapter V.4 using “Samplebank AG” as an example. A.II.1 Initial situation “Samplebank AG” It is assumed that the institution under resolution is a bank in the legal form of a stock corporation. Further￾more, it is assumed that the bank has only issued one class of shares. In addition, the Bank has issued a per￾centage-quoted unstructured bearer bond, and a percentage-quoted structured bearer bond (reverse con￾vertible) and a structured bearer bond quoted in units (discount certificate) in Germany. In addition, the Bank has issued an international bearer bond in the form of the New Global Note (NGN) through the ICSDs. The role of a Common Safekeeper for the international bearer bond is assumed by Euroclear Bank SA/NV. A bank abroad acts as Common Service Provider. The class of shares forms the Common Equity Tier 1 (CET1) capital of the undertaking and thus belongs to rank 1 of the bail-in sequence. The percentage-quoted un￾structured bearer bond as well as the international bearer bond represent instruments of the AT1 rank and rank 2 of the bail-in sequence. The percentage-quoted structured bearer bond belongs to rank 6 of the bail￾in sequence. All of the bank's instruments were issued in euros. The total outstanding number of shares of the undertaking is 1 billion units, each with a nominal value of EUR 5. This results in a share capital to date of EUR 5 billion. The outstanding aggregate principal amount of the unstructured bearer bond is EUR 2 billion as per the Global Certificate.. The outstanding aggregate prin￾cipal amount of the percentage-quoted structured bearer bond is also EUR 21 billion according to the global certificate. Of the structured bearer bonds quoted in units, a total of 5 million units were issued. The outstanding aggregate principal amount of the international bearer bond is EUR 1 billion. The reduction, e.g. as a result of redemptions or write-downs and conversion, is mapped for all bearer bonds via the nomi￾nal value (no application of the pool factor). The old shares of “Samplebank AG” were not traded on a stock exchange. The bank's bonds issued in Ger￾many (unstructured and structured) are listed on the Frankfurt Stock Exchange and the Stuttgart Stock Ex￾change. In the resolution orderResolution Order published by BaFin on 3 December 2020, it is mandated that the Common Equity Tier 1 instrument is to be cancelled and the instruments of the AT1 rank are to be reduced in full by write￾down and conversion. The rank 6 instrument of the bail-in sequence is to be partially converted into new shares. In addition, trading in the company's shares is to be discontinued. The bonds issued by the institu￾tion in Germany are to be suspended from trading. When calculating interest or coupons, the write-down and conversion percentages specified in the resolution orderResolution Order are to be taken into account. All payments (interest and principal) incurred during the
week of technical bail-in implementation must be suspended and, if relevant, made up within two weeks of bail-in. The stock exchanges suspend trading for the instruments of “Samplebank AG” affected by the bail-in. CBF implements settlement blocking for affected instruments. If instructed to do so by “Samplebank AG”, the ICSDs also implement settlement blocking. Together with the resolution authority, the bank has determined that the new shares will initially only be listed on the Frankfurt Stock Exchange. Since the old shares were not traded on any exchange, a “simplified listing application” must be submitted by the bank to the Frankfurt Stock Exchange for the admission of the new shares to trading. In connection with the “simplified listing application”, it is also assumed that the in￾formation on the minimum free float of the new shares has already been sent to the exchange by the reso￾lution authority.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 261 of 305 The table below provides an overview of the master data of the instruments affected by the bail-in of “Sam￾plebank AG” and the technical scenarios to be applied to the instruments:
Ranking in the bail-in se￾quence
ISIN Instrument
Outstanding Ag￾gregate Principal
Amount or Total
Number of Units according to the
Global Certifi￾cate/Global Note
Resolution data Technical scenario
1 DEXXX2999999 Common stock 5.000.000.000 units Reduction: 100% 1 2 DEXXX4567893 Unstructured bearer bond (percentage￾quoted) EUR 2.000.000.000 Write-down percentage: 40% Conversion percentage: 60% Effective conversion rate: 0,72 3b 2 XSXXX1234567 International bearer bond EUR 1.000.000.000 Write-down percentage: 40% Conversion percentage: 60% Effective conversion rate: 0,72 C 6 DEXXX9876543 Structured bearer bond (percentage￾quoted) EUR 2.000.000.000 Conversion percentage: 30% Effective conversion rate: 0,8 5a
Table 51: Example case "Samplebank AG" – Information on the instruments affected by the bail-in
:
Ranking in the creditor hierarchy
ISIN Instrument
Outstanding
Aggregate
Principal
Amount or to￾tal number of units
Resolution data Technical
Scenario
1 DEXXX2999999 Common stock units
5.000.000.000 Reduction: 100% 1
2 DEXXX4567893
Unstructured bearer bond
(percentage￾quoted)
EUR
2.000.000.000
Write-down percentage: 40%
Conversion percentage: 60%
Effective conversion rate: 0,72
3b
2 XSXXX1234567 International bearer bond
EUR
1.000.000.000
Write-down percentage: 40%
Conversion percentage: 60%
Effective conversion rate: 0,72
C
6 DEXXX9876543
Structured bearer bond
(percentage￾quoted)
EUR
1.000.000.000
Write-down percentage: 30%
Effective conversion rate: 0,8 5a
6 DEXXX9876514
Structured bearer bond
(unit-quoted) units
5.000.000
Conversion percentage: 30%
Effective conversion rate: 0,8 5a
Table 70: Example case “Samplebank AG” – Information on the instruments affected by the bail-in

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 262 of 305 A.II.2 Documents of "Samplebank AG" – domestic bail-in implementation A.II.2.1 Instruction letter from "Samplebank AG" – domestic bail-in implementation The following is an example of the instruction letter from "Samplebank AG":
Instruction Letter for the implementation of the Resolution Order mandated by BaFin on 3 December 2020 To Clearstream Banking AG

• Management Board -
  Mergenthalerallee 61
  65760 Eschborn
  By mail in advance: bail-in@clearstream.com
  By mail in advance: CAGermany@clearstream.com
  In copy to
  WM Datenservice
  Düsseldorfer Straße 16
  60329 Frankfurt am Main
  By e-mail in advance: WM-BRRD-BAIL-IN@wmdaten.com Dear Sirs or Madams, we hereby ask you to execute, the write-down and conversion pursuant to Article 21 of the SRMR in con￾junction with section 89 of the SAG and of the bail-in pursuant to Article 27 of the SRMR in conjunction with
  section 90 of the SAG, provided under the resolution orderResolution Order mandated by the Federal Finan￾cial Supervisory Authority (BaFin) on 3 December 2020 (“BaFin publication website”).
  The details are provided in the attached operational guidelines and their annexes.
  Your contact persons for advice on technical implementation of the bail-in are:
  Mr. Ferdinand Caspar, Tel. 123-456, E-Mail: f.caspar@samplebank.de Yours sincerely, Signature 1 Signature 2

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 263 of 305 A.II.2.1.1 Annex I – Operational guidelines of “Samplebank AG” – domestic bail￾in implementation A.II.2.1.1.1 Technical scenario 1 – cancellation of old shares For the cancellation of old shares (technical scenario 1) the following operational guidelines (example) Operational Guidelines for the implementation of the resolution orderResolution Order published on 3 December 2020 -- Samplebank AG -- -- Common stock -- -- ISIN DEXXX2999999 -- ______________________________________________________ Name Samplebank AG CBF Account 111222 Affected ISIN DEXXX2999999 please see also the accompanying Annex II (Worksheet for technical scenario 1) Scenarios applicable to the affected ISIN codes --please delete the non-relevant scenarios--

1. Cancellation of old shares WITHOUT conversion into new shares
   Technical booking, and conversion and exercise ratios n.a.
   Explanation n.a.
   Poolfaktor (alt) n.a.
   Poolfaktor (neu) n.a.
   ISIN for new shares n.a.
   Effective date of sus￾pension of trading
   03.12.2020n.a.
   Effective date of set￾tlement blocking
   03.12.2020

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 264 of 305 Treatment of pay￾ments (interest and principal) n.a. Publication www.samplebank-ag.de [BaFin publication website] CBF Record Date 06.12.2020 CBF Settlement Date n.a. Treatment of open transactions according to CBF compensation rules Treatment of frac￾tional amounts n.a.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 265 of 305 A.II.2.1.1.2 Technical Scenario 3b – Full reduction of bearer bonds by write￾down and conversion into new shares For the partial write-down and partial conversion of percentage-quoted unstructured bearer bond into new shares (technical scenario 3b) the operational guidelines as provided below apply (sample). Operational Guidelines for the implementation of the resolution orderResolution Order published on 3 December 2020 -- Samplebank AG -- -- Unstructured bearer bond (percentage-quoted) 2015/2025 -- -- ISIN DEXXX4567893 -- ______________________________________________________ Name Samplebank AG CBF Account 111222 Affected ISIN DEXXX4567893 please see also the attached Annex II (Worksheet for technical scenario 3) Scenarios applica￾ble to the affected ISIN codes --please delete the non-relevant scenarios-- 3.b. Full reduction of nominal value (split into “to be converted” and “worthless with￾drawal”) of the unstructured bearer bonds with derecognition of old bonds WITH conversion into new shares Technical booking, and conversion and exercise ratios Technical conversion ratio: EUR 1.000,00 : 442,8000000 new shares, please see also the attached Annex II (Worksheet for technical scenario 3) Explanation Please refer to the attached Annex II ISIN for new shares DEXXX1234567 (according to WM Datenservice) Effective date of suspension of trading
03.12.2020 (Frankfurt Stock Exchange)
03.12.2020 (Stuttgart Stock Exchange)
Effective date of settlement block￾ing
03.12.2020 (according to CBF)

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 266 of 305 Treatment of pay￾ments (interest and principal) Due to the full reduction, all payment obligations from the instrument (interest and principal) expire upon the issuance of the resolution orderResolution Order on 3 December 2020. Please note: When determining the number of shares for the technical conversion ratio, accrued interest was taken into account. Publication www.samplebank-ag.de [BaFin publication website] CBF Record Date 06.12.2020 (according to CBF) CBF Settlement Date
08.12.2020 (according to CBF)
Treatment of open transactions according to CBF compensation rules Treatment of frac￾tional amounts The technical conversion ratio contains fractional amounts and the resolution or￾derResolution Order does not provide for rounding down at the level of the indi￾vidual liability. The fractional amounts (final amounts) per custodian bank are rounded down by CBF. The fractional amounts (final amounts) have to be rounded down by CBF and the custodian banks per participant (participants’ ac￾count).

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Page 267 of 305 A.II.2.1.1.3 Technical Scenario 5a – Partial reduction of bearer bonds by con￾version into new shares For the partial write down and partial conversion of the percentage-quoted structured bearer bonds into new shares (technical scenario 5a) the operational guidelines as provided below apply (sample). Operational Guidelines for the implementation of the resolution orderResolution Order published on 3 December 2020 -- Samplebank AG -- -- Structured bearer bond (bondspercentage-quoted) 2020/2022 -- -- ISIN DEXXX9876543 -- ______________________________________________________ Name Samplebank AG CBF Account 111222 Affected ISIN DEXXX9876543 please DEXXX9876514 Please see also the attached Annex II (Worksheet for technical scenario 5) Scenarios applica￾ble to the affected ISIN codes --please delete the non-relevant scenarios--
5. Partial reduction of the percentage-quoted structured bearer bonds WITH con￾version into new shares
Technical booking, and conversion and exercise ratios Technical conversion ratio: for the instrument DEXXX9876543:
EUR 1.000,00 : 216,0000000 new shares.
Technical exercise ratio: EUR for the instrument DEXXX9876514:
1.000,0000000 : 700,0000000. unit : 27,60000000 new shares. Please see also the attached Annex II (Worksheet for technical scenario 5). Explanation Please refer to the attached Annex II ISIN for new shares DEXXX1234567 (according to WM Datenservice) Effective date of suspension of trading
03.12.2020 (Frankfurt Stock Exchange)
03.12.2020 (Stuttgart Stock Exchange)

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution Effective date of settlement block￾ing
03.12.2020 (according to CBF)
Treatment of pay￾ments (interest and principal) All payments (interest and principal) that are due in the period from December the 2nd 2020 (request date) up to and including December the 9th 2020 have beenare to be suspended. The information on further treatment of suspended payments will be provided on December the 9th 2020 by e-mail. Please note: When determining the number of shares for the technical conversion ratio, accrued interest was taken into account. Publication www.samplebank-ag.de [BaFin publication website] CBF Record Date 06.12.2020 (according to CBF) CBF Settlement Date
08.12.2020 (according to CBF)
Treatment of open transactions according to CBF compensation rules Treatment of frac￾tional amounts The technical conversion ratio does not include fractional amounts.

This translation is furnished for information purposes only. The original German text is binding in all re￾spects. Guidance Notice – External Bail-in Execution A.II.2.1.2 Annex II – Detailed list of instruments of “Samplebank AG” – do￾mestic bail-in implementation A.II.2.1.2.1 Technical scenario 1 – cancellation of old shares
Table 71 includes the information to be provided for the technical scenario 1 in the detailed list of instru￾ments:
ISIN of the instru￾ments affected by
Bail-in (shares)
CBF Record Date Outstanding Number of Shares according to Global Certificate/Global Note Total Reduction of old Number of Shares in % (always 100%) DEXXX2999999 06.12.2020 1.000.000.000 100
Table 71: Example case “Samplebank AG” – detailed list of instruments (technical scenario 1)
A.II.2.1.2.2 Technical Scenario 3b – Full reduction of unstructured bearer bonds through write-down and conversion into shares The table below contains the information to be provided in the detailed list of instruments for the per￾centage-quoted unstructured bearer bond of "Samplebank AG". The instrument belongs to the AT1 rank or rank 2 of the bail-in sequence. It is fully reduced by write-down (40%) and conversion (60%). There￾fore, technical scenario 3b applies. The outstanding principal amount per unit of the bearer bond is EUR
1.000. The effective conversion rate is equal to 0,72. The accrued interest is EUR 25.
Table 72: Example case “Samplebank AG“ – detailed list of instruments (technical scenario 3b) ISIN of the instruments affected by Bail-in CBF Record Date CBF Settlement Date Outstanding Aggregate Principal Amount according to Global Certificate/ Global Note Denomination (old) Pool factor (old) Currency of Denomination (old)
Total reduction of
Denomination (old) in %
Denomination (new)
DEXXX4
567893 06.12.2020 08.12.2020 2.000.000.000,00 1.000,00 n.a. EUR 100,0000000 0 Pool factor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the Booking ratio based on total reduction (Denomination (old)/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on Denomination (old) (Denomination (old))/ (amount of new shares) Denominator of the conversion ratio based on Denomination (old) (Denomination (old))/ (amount of new shares) ISIN for new shares n.a. 40,0000000 n.a. n.a. 60,0000000 1.000,00 442,8000000 DEXXX1234567 ISIN of the instruments affected by Bail-in CBF Record-Date CBF Settlement-Date Outstanding Aggregate Principal Amount (old) Outstanding Aggregate Principal Amount (new) Denomination (old) Pool Factor (old) Currency of Denomination (old) Total reduction of Denomination (old) in % DEXXX4 567893 06.12.2020 08.12.2020 2.000.000.000,00 0 1.000,00 n.a. EUR 100,0000000 Denomination (new) Pool Factor (new) Worthless withdrawal of Denomination (old) in % Numerator of the booking ratio based on total reduction (Denomination (old))/ (Denomination (new)) Denominator of the Booking ratio based on total reduction (Denomination (old)/ (Denomination (new)) Conversion percentage of Denomination (old) into new shares (in %) Numerator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) Denominator of the conversion ratio based on smallest transferable unit (smallest transferable unit)/ (amount of new shares) ISIN for new shares 0 n.a. 40,0000000 n.a. n.a. 60,0000000 1.000,00 442,8000000 DEXXX1 234567