1. The concept of own funds used by a Member State may include other items provided that, whatever their legal or accounting designations might be, they have the following characteristics:
(a) they are freely available to the credit institution to cover normal banking risks where revenue or capital losses have not yet been identified;
(b) their existence is disclosed in internal accounting records; and
(c) their amount is determined by the management of the credit institution, verified by independent auditors, made known to the competent authorities and placed under the supervision of the latter.
2. Securities of indeterminate duration and other instruments that fulfil the following conditions may also be accepted as other items:
(a) they may not be reimbursed on the bearer's initiative or without the prior agreement of the competent authority;
(b) the debt agreement shall provide for the credit institution to have the option of deferring the payment of interest on the debt;
(c) t