Art. 3

In particular, the following are not deemed to be credit transactions pursuant to Article 2 paragraph 3 letter a AMLA:

1. borrowing;
2. the granting of credit free of interest and fees;
3. the granting of credit between a company and a shareholder, provided that the shareholder holds at least 10 per cent of the capital or voting rights in the company;
4. the granting of credit between employers and employees, provided that the employer is obliged to pay social security contributions for the employees involved in the credit relationship;
5. credit relationships between related parties (Art. 7 para. 5);
6. the granting of credit that is accessory to another legal transaction;
7. operating leasing;
8. contingent liabilities in favour of third parties;
9. commercial financing if its repayment is not made by the customer.