Credit agreement in the form of an advance on a current account or a debit account

agreements on the basis of which a credit or financial institution grants credit in the form of advances on current accounts or debit accounts , where the total amount has to be repaid within three months or on demand; the provisions of Article 7 and Article 17 shall, however, apply to such credit agreements;

20. Asks the Commission to enshrine in Community legislation the requirement of keeping debtor accounts;

They shall place at the disposal of the Court of Auditors all documents concerning the award and performance of contracts financed by the Community budget and all accounts of cash or materials, all accounting records or supporting documents, and also administrative documents relating thereto, all documents relating to revenue and expenditure, all inventories, all organisation charts of departments, which the Court of Auditors considers necessary for auditing the budgetary and financial outturn report on the basis of records or on the spot and, for the same purposes, all documents and data created or stored on a magnetic medium.

5.13. The financial account by debtor/creditor (60) (of a sector or the rest of the world) is an extension of the financial account, showing in addition a breakdown of the net acquisition of financial assets by debtor sector and a breakdown of the net incurrence of liabilities by creditor sector.

(b) the cancellation of the debt by mutual agreement between the government and the debtor. This cancellation is treated as a capital transfer from the government to the debtor in the capital account, with a simultaneous extinction of a claim in the financial account.