The EBA has published its final Guidelines on cooperation agreements between deposit guarantee schemes (DGS) in line with the EU's Deposit Guarantee Schemes Directive. Article 14(5) of the Directive requires EU DGSs to have written cooperation agreements in place in order to facilitate effective cooperation between each other. The final EBA Guidelines set out how and when one DGS may pay out to depositors on behalf of a DGS in another Member State. In addition, the Guidelines set out a multilateral cooperation framework agreement with objectives and minimum contents, including details in relation to the transfer of contributions from one DGS to another where a credit institution changes location, and on mutual lending between DGSs.