Article 5
1. The crediting of frozen accounts shall be allowed on the condition that any additions shall be frozen. 2. This Regulation shall not require the freezing of a transfer of funds to a beneficiary in the Community by or through an Iraqi bank meeting the conditions of Article 4(1), if such transfer constitutes a payment for goods and services ordered by customers of that bank. It shall not restrict the validity and use of the guarantees and letters of credit issued by Iraqi banks meeting the conditions of Article 4(1), at the request of their customers, with a view to payment for goods or services which such customers concerned have ordered in the Community.