18.11.2006 Official Journal of the European Union L 319/37 COUNCIL DECISION of 13 November 2006 on consultation and information procedures in matters of credit insurance, credit guarantees and financial credits (Codified version) (2006/789/EC) THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Article 133 thereof, Having regard to the proposal from the Commission, Having regard to the opinion of the European Parliament (%), Having regard to the opinion of the European Economic and Social Committee (2), Whereas: (1)  Council Decision 73/391/EEC of 3 December 1973 on consultation and information procedures in matters of credit insurance, credit guarantees and financial credits () has been substantially amended (*. In the interests of clarity and rationality the said Decision should be codified. (2) By a Decision of 27 September 1960 (°), the Council set up a Policy Coordination Group for Credit Insurance, Credit Guarantees and Financial Credits. (3) It is appropriate to provide for consultation and infor- mation procedures in matters of credit insurance, credit guarantees and financial credits, HAS ADOPTED THIS DECISION: Article 1 This Decision concerns the procedures for consultation and information in matters of credit insurance, credit guarantees and financial credits. () O] C 226 E, 15.9.2005, p. 43. () O] C 302, 7.12.2004, p. 19. () OJ L 346, 17.12.1973, p. 1. Decision as last amended by the 1994 Treaty of Acccession. () See Annex IIL () O] 66, 27.10.1960, p. 1339. TITLE I GENERAL PROCEDURE SECTION I Scope Atticle 2 1. Consultation in accordance with the procedure laid down in Section II shall take place where it is proposed — by a State, any other State organisation or any State body for credit insurance or finance — to grant or guarantee, fully or partially, foreign credits: (a) linked to exports of goods or services; (b) which depart from the norms listed in Annex I or from any other norm adopted by the Member States. 2. The consultation procedure shall be applicable: (a) whether it concerns supplier credits or financial credits; (b) whether these credits form the subject-matter of individual contracts or global credit arrangements as described in Article 3; (c) whether the credits are purely private or are sponsored fully or partially out of public funds. 3. Mixed credits combining public and private funds and global private credit arrangements combined with public fund interest subsidies shall for the purpose of the consultation procedure be considered as public credits. Article 3 1. ‘Global credit arrangement’ shall mean any understanding or statement, in whatever form, whereby the intention to guarantee supplier or financial credits or to open financial credits, up to a specified or ascertainable ceiling, and in respect of a connected series of transactions, is made known to a third country or to exporters or to financial institutions.