Determination of the need for funds in a compensation event

(1) The compensation scheme must determine the need for funds without delay after being notified by BaFin of a compensation event under section 11(2).
(2) The need for funds results from the total compensation in that compensation event, plus the administrative costs and other costs incurred in carrying out that compensation event.
(3) The total compensation is to be determined by the compensation scheme on the basis of the documents to be transmitted by the CRR credit institutions under section 14(2). Where the total compensation cannot be sufficiently determined on the basis of those documents, the compensation scheme must estimate the total compensation in particular on the basis of the following data: 1. the data available to it on the compensation event, 2. the average compensation payment, and 3. the costs from previous compensation events at the CRR credit institutions allocated to it.