The French Ministry of the Economy and Finances, the major credit insurers, the French Insurance Companies Federation and the Mediation of the credit have signed an agreement on 17 June 2013. It provides in particular that credit insurers undertake to comply with a one month period between the information of the insured company regarding the implementation of a valuation haircut and the entry into effect of the decision. The underwriting company (buyer) will also be informed a minima three weeks in advance of the entry into effect of the valuation haircut. A website providing for immediate alert to the companies (buyer) in the event of termination or reduction of guarantee lines is also implemented on 1st July 2013.