Forfeiture and release of security
Article 5
1. The security provided for in Article 4(6)(h) shall be forfeit where: (a) a contract application is withdrawn; (b) the quantity established at the checks under Article 16(2) is less than 95 % of the quantity in the application referred to in Article 4(6)(d). In such a case no contract shall be concluded; (c) less than 95 % of the contractual quantity is placed and kept in storage for the contractual storage period, at the risk of the contracting party within the meaning of Article 6 and under the conditions referred to in Article 7(1)(a). 2. Securities shall be released immediately where contract applications are not accepted. 3. Securities shall be released in respect of quantities for which the contractual obligations have been fulfilled.