In the event of a late termination of a compensation agreement (including Schedule 2 of this agreement), the ECB has the right to inform the contractor in writing that a late payment has been made between them and that the termination of the delay has not taken place in accordance with its provisions. In addition to paragraph 9 of this agreement, the parties agree that for the purposes of Article 1 of the Protocol attached to the Convention on Judicial Competence and Enforcement of Civil and Commercial Decisions, signed in Brussels on 27 September 1998, the contracting parties agree that, without prejudice to the implementation of this agreement by the contracting parties in this agreement, they expressly and expressly confirm their consent to the provisions of paragraph 9 of that agreement, that the Frankfurt-on-Main landgericht has jurisdiction to rule and rule on appeals, remedies or procedures, as well as for the resolution of disputes that may arise on occasion or in the context of this agreement, and that to that end it submits irrevocably to the jurisdiction of those courts. This agreement complements the compensation agreements between the parties prior to the date of this agreement and all other clearing agreements and transactions between the parties after the date of this agreement complete this agreement. 2. All guaranteed transactions involving the ECB`s foreign exchange reserve assets, pension transactions, reverse pensions, sales agreements and sales/buy-back contracts, as well as all otc-the-counter derivatives transactions involving the ECB`s foreign exchange reserve assets are documented in forms that may be approved or amended from time to time by the ECB, as part of the standard schedule I agreements. This agreement (the so-called “agreement”) is intended to ensure that the ECB is able to network all existing positions in all ongoing transactions between the ECB and the counterparty, regardless of the representative or agent through which it can act on behalf of the ECB, through which the transactions that gave rise to these positions could be carried out; including the central bank of a Member State of the European Union which has adopted the euro as a currency and regardless of the counterparty`s office (including the seat and all branches) of the counterparty, and taking into account the impact of existing clearing provisions contained in major or other agreements between the ECB and the counterparty and/or provisions of the law binding on those that may apply to those transactions.