GE 2014 Annual Report Download - page 126

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106 GE 2014 FORM 10-K
REGULATIONS AND SUPERVISION
The company is making the following disclosure pursuant to Section 13(r) of the Securities Exchange Act of 1934.
GE Money Bank, Czech Republic (GEMB CZ) is a full-service retail bank in the Czech Republic and a subsidiary of General
Electric Capital Corporation. GEMB CZ maintains a $7.5 million line of credit and three cash accounts for DF
DeutscheForfait s.r.o., a Czech company (DF Sub), which purchases receivables from imports and exports in Central and
Eastern Europe. DF Sub is a subsidiary of DF Deutsche Forfait AG, a German company (DF Parent). On February 6, 2014,
DF Parent was added to the specially designated nationals and blocked persons (SDN List) of the Office of Foreign Assets
Control (OFAC) pursuant to E.O. 13382. The accounts at GEMB CZ for DF Sub pre-date this designation. Following the
designation, GEMB CZ terminated its relationship with DF Sub. We believe that the transactions with DF Sub were permissible
and do not violate U.S. law.