Form
Article 51
1. A security may be given: (a) as a cash deposit as referred to in Article 19(2) and (3) of Delegated Regulation (EU) No 907/2014; and/or (b) by providing a guarantor in accordance with Article 21 of Delegated Regulation (EU) No 907/2014. 2. At the discretion of the competent authority, a security may be given by: (a) pledging cash deposits in a bank; (b) pledging recognised claims against a public body or public funds, which are due and payable and against which no other claim has precedence; and/or (c) pledging collateral negotiable in the Member State concerned provided they are issued or guaranteed by that Member State. 3. The competent authority may impose additional terms for accepting securities of the type listed in paragraph 2.