Progetto

ANNEX

FORMULA TO CALCULATE THE FINANCIAL CONTRIBUTIONS FOR THE YEARS 2019 AND 2020 AND PAYMENT DETAILS

1. The financial contribution of Switzerland to the ISF-Borders and Visa referred to in

the second and third subparagraphs of Article 5(7) of Regulation 515/2014 is calculated as follows for the years 2019 and 2020:

For each single year from 2013 to 2017, the final figures of the Gross Domestic Product (GDP) of Switzerland available on 31 March of 2019 shall be divided by the sum of the GDP figures of all the States participating in the ISF-Borders and Visa for the respective year. The average of the obtained five percentages for the years 2013 to 2017 shall be applied to the sum of the actual annual appropriations for the ISF-Borders and Visa for the years 2014 to 2019 and the annual commitment appropriation for the ISF-Borders and Visa for the year 2020 as included in the draft General budget of the European Union for the financial year 2020 adopted by the Commission to obtain the total amount to be paid by Switzerland over the whole period of implementation of the ISF-Borders and Visa. From this amount, the annual payments effectively made by Switzerland in accordance with Article 10(1) of this Agreement shall be subtracted in order to obtain the total amount of its contributions for the years 2019 and 2020. Half of this amount shall be paid in 2019 and the other half in 2020.

2. The financial contribution shall be paid in Euro.

3. Switzerland shall pay its respective financial contribution no later than 45 days after

receiving the debit note. Any delay in payment of the contribution shall give rise to the payment of default interest on the outstanding amount from the due date. The interest rate shall be the rate applied by the European Central Bank to its main refinancing operations, as published in the C series of the Official Journal of the European Union, in force on the first calendar day of the months in which the deadline falls, increased by 3.5 percentage points.