The aim of this initiative was to reach an agreement with the European Union where we can count on inspections of each other`s drug production. After almost three years of negotiations, we concluded the mutual recognition agreement between the United States and the European Union last March. On 2 March, the United States and the EU concluded an exchange of letters amending the pharmaceutical annex to the 1998 mutual recognition agreement between the United States and the EU. NCMC: National City Mortgage Co. NCMC Assignment Agreement: The Assignment, Assumption and Recognition Agreement, dated August 31, 2007, by and between EMC, NCMC and the agent demonstrating the transfer of the NCMC maintenance agreement to the Trust attached to Schedule J-2. NYSCEF DOC. For the sixteen securitizations it sponsored, BOA National also transferred the mortgages to ABF Corp., BOA Mortgage or BOA Funding as a depositor, pursuant to a transfer and recognition agreement or a mortgage agreement. The FDA and the EU had specialized teams to assess the risk and benefits of concluding a mutual recognition agreement.