It shall be recorded under this item the opened credits and those used as loans and advances totally secured by real guarantee (movable values, gold, foreign currencies real mortgage, commercial bonds ) established especially to guarantee debt repayment, but excluding loans and advances against merchanise and the like included under item (2)

But if the mortgage does not secure more than a part of the credit, the unsecured part shall be recorded either under item (8) – unsecured advances, or under item (4) if secured by personal guarantees.

Institutions attention should be drawn to that:

( ) the credits against discounting promissory notes written by the customer in favour of the Institution and secured by real guarantee shall be recorded under item (3) unless the guarantee was merchandise then the credit in this case shall be recorded under item

Advances against pledging commercial papers shall be recorded in item (3) unless such papers are discounted then they should be recorded in item (1).