Regulation 9 Determining the risk that a claim will be made when calculating the premium at which a guarantee might reasonably have been expected to have been available on the market

Where the subsidy is given by means of a guarantee which relates to a person with a strong, good or satisfactory level of creditworthiness, the premium at which a guarantee of the same kind might reasonably have been expected to have been available on the market may be determined by reference to the amount guaranteed multiplied by the risk that a claim will be made under the guarantee as set out in the Table in Schedule 3.