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Article 8Eligibility criteria for lead and co-lead mandates for syndicated transactions#
Members of the primary dealer network are eligible to serve as lead managers and as co-lead managers for syndicated transactions, subject to the fulfilment of the following criteria:
(a)having bought a minimum of 2,00% of auctioned volumes by the Union and the Euratom, on weighted average based on the last three auctions on a rolling basis;
(b)having provided evidence, based on the transaction data reported in accordance with this Decision, of having a market share in Union and Euratom debt securities on the secondary markets of at least 2,00%;
(c)having agreed with the general terms and conditions for lead and co-lead mandates for syndicated transactions, which may be part of GTC; and
(d)having agreed with the fee schedule.
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