If the guarantor creates a charge, it must:

(a)

give the trustee written details of the charge within 21 days after it is created; and

(b)

if the total amount to be advanced on the security of the charge is indeterminate, give the trustee written details of:

(i)

the amount of each advance made within 7 days after it is made; or

(ii)

where the advances are merged in a current account with bankers, trade creditors or anyone else—the net amount outstanding on the advances at the end of every 3 months.