# Commission Implementing Regulation (EU) No 964/2014 of 11 September 2014 laying down rules for the application of Regulation (EU) No 1303/2013 of the European Parliament and of the Council as regards standard terms and conditions for financial instruments, Article 7: Capped Portfolio Guarantee

Extent: E+W+S+N.I.

1. The Capped Portfolio Guarantee shall provide credit risk coverage on a loan by loan basis up to a guarantee rate of maximum 80 %, for the creation of a portfolio of new loans to the small and medium-sized enterprises up to a maximum loss amount fixed by the guarantee cap rate which shall not exceed 25 % of the risk exposure at portfolio level.
2. The Capped Portfolio Guarantee shall comply with the terms and conditions set out in Annex III.

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Source: https://www.legislation.gov.uk/eur/2014/964/article/7 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-964/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.