Dexia Municipal Agency The Dexia group's Société de Crédit Foncier (SCF)
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Direct access: Annual and quarterly financial statements Assets EMTN program Contacts Regulated information
A specialized activity
Nature of
the Privilège

Specific controls
Miscellaneous: weighting of obligations foncières


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- All cash flows in the assets are allocated by priority to the payment
   of any debt benefiting from the privilège.
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- In the event of bankruptcy proceedings (redressement or liquidation judiciaire),
   any debt benefiting from the privilège is paid at the contractual due date, in priority to
   all other debt, until fully reimbursed.
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- The liquidation of a SCF does not make the debt benefiting from the privilège
   due for payment.
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- The privilège is mentioned in the contract.

- SCFs have no employees.
   Management is ensured by a credit institution with which an agreement has been signed.
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- Bankruptcy proceedings of a company which holds shares of an SCF cannot be extended
   to the SCF.
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The financial report for the 1st half of 2010 is now available online.