Artikel 4

(1). The debts to be settled under the present Agreement and the Annexes thereto are:
(a) non-contractual pecuniary obligations the amount of which was fixed and due before 8th May, 1945;
(b) pecuniary obligations arising out of loan or credit contracts entered into before 8th May, 1945;
(c) pecuniary obligations arising out of contracts other than loan or credit contracts and due before 8th May, 1945;
(2). Provided that such debts:
(a) are covered by Annex I to the present Agreement, or
(b) are owed by a person, whether as principal or otherwise, and whether as original debtor or as successor, who, whenever a proposal for settlement is made by the debtor or a request for settlement is made by the creditor or, where appropriate in the case of a bonded debt, a request for settlement is made by the creditors' representative under the present Agreement and the Annexes thereto, resides in the currency area of the Deutschemark West;
(3). Provided also that such debts:
(a) are owed to the Government of a creditor country; or
(b) are owed to a person who, whenever a proposal for settlement is made by the debtor or a request for settlement is made by the creditor under the present Agreement and the Annexes thereto, resides in or is a national of a creditor country; or
(c) arise out of marketable securities payable in a creditor country.