1. Where the Board decides to apply a resolution tool to an entity or group referred to in Article 7(2) or to an entity or group referred to in Article 7(4)(b) and (5) where the conditions for the application of those paragraphs are met, and that resolution action would result in losses being borne by creditors or their claims being converted, the Board shall instruct the national resolution authorities to exercise the power to write down and convert relevant capital instruments in accordance with Article 21 immediately before or together with the application of the resolution tool.
2. The resolution tools referred to in point (b) of Article 18(6) are the following:
(a) the sale of business tool;
(b) the bridge institution tool;
(c) the asset separation tool;
(d) the bail-in tool.
3. When adopting the resolution scheme referred to in Article 18(6), the Board shall take into consideration the following factors:
(a) the assets and liabilities of the institution under resolution on the ba
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