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(a). The Contracting Parties recognise that the establishment, by virtue of the present Agreement, of the instalment scheme for the repayment of debts owed by residents of Turkey to residents of countries of the other Contracting Parties and its implementation will not affect the rights and obligations of the individual creditors, debtors or guarantors concerned.
(b). Equally, the Contracting Parties recognise that the only obligations which will be undertaken by the Turkish Government in order to ensure the settlement of debts owed by residents of Turkey, belonging to categories for which the present Agreement provides, shall be the obligations defined therein and in the bilateral Agreements concluded in pursuance of Article 13.