Annex HARMONISED PROVISIONS CONCERNING GUARANTEES FOR SHORT-TERM TRANSACTIONS (POLITICAL RISKS) WITH PUBLIC BUYERS OR WITH PRIVATE BUYERS

United Kingdom

1. 1Definition of the credit risk
2. 2List of events constituting a cause of loss
3. 3Extent of the guarantee
4. 4Percentage guaranteed
5. 5General principles of indemnification
6. 6General principles for the appropriation of payments received and of proceeds from the realisation of securities
7. 7General principles for recoveries