(67)‘secured liability’ means a liability where the right of the creditor to payment or other form of performance is secured by a charge, pledge or lien, or collateral arrangements including liabilities arising from repurchase transactions and other title transfer collateral arrangements.

Points (a) and (b) of paragraph 2 shall not prevent resolution authorities, where appropriate, from exercising those powers in relation to any part of a secured liability or a liability for which collateral has been pledged that exceeds the value of the assets, pledge, lien or collateral against which it is secured.Member States may exempt from this provision covered bonds as defined in Article 22(4) of Council Directive 86/611/EEC

57.The Community support to the G7 Action Plan includes a contribution to financing the short term safety improvements of Chernobyl via the Nuclear Safety Account managed by the European Bank for Reconstruction and Development before closure, decommissioning, addressing the social consequences of closure, contributing to the Shelter Implementation Plan and participating in the financing of substitution facilities in line with previous commitments compensating for Ukraine's energy losses, provided that all necessary due diligence procedures can be concluded satisfactorily, including the establishment of an agreed position regarding the loan conditionality and the wording of the loan and guarantee agreement ...[+++] and provided that Ukraine stands by its commitment to implement the 1995 Memorandum of Understanding.

by encouraging Russian commitment to nuclear safety in the framework of the Convention on Nuclear Safety, through the Nuclear Safety Account Agreement and in the framework of international initiatives and by helping to strengthen the Russian nuclear safety regulatory authority (GAN);

Multilateral Nuclear Safety Account The European Community has made a major commitment to nuclear safety in the countries of Central and Eastern Europe and the former Soviet Union. By the end of 1993 a total of 330 MECU ($400m approx) will have been committed to enhancing nuclear safety in the region.

2. Union Actions and Status of Implementation- 1991-1994 To date the Commission has committed the following budgetary resources to nuclear safety in the framework of the Tacis and Phare Programmes (in millions of ECU): 1990/91 74 1992 109 (1) 1993 133 (2) 1994 100 (3) Total 416 (1) including a Union contribution of ECU 20 million to the International Science and Technology Centre (ISTC) in Moscow (2) including a Union contribution of ECU 20 million to the Multilateral Nuclear Safety Fund (or Nuclear Safety Account [NSA]) recommended by the G7 at the Munich Summit (3) including a contribution to the G7/EU Action Plan for Ukraine.