Statutory limits and outstanding guaranteed amount
Print-friendly pageOutstanding guarantee amount in SEK million
| 31 Dec 2006 | 31 Dec 2005 | 31 Dec 2004 | |
|---|---|---|---|
| Export credit guarantees | |||
| Maximum amount of liability permitted by the Parliament | 200,000 | 200,000 | 200,000 |
| Amount authorised by the Government | 175,000 | 175,000 | 175,000 |
| Outstanding guarantee obligations (guarantee commitments and guarantee offers) | 126,217 | 117,558 | 102,691 |
| Investment guarantees | |||
| Maximum amount of liability permitted by the Parliament | 10,000 | 10,000 | 10,000 |
| Amount authorised by the Government | 10,000 | 10,000 | 10,000 |
| Outstanding guarantee obligations (guarantee commitments and guarantee offers) | 128 | 133 | 127 |
Limits for EKN
Parliament decides on a limit for the guarantees to which EKN may commit the Swedish state. The government then mandates EKN to use up to a certain amount within the limit. The total value of the commitments is then netted off against the limit, offers with 50 percent of the amount.
The parliamentary limit for export credit guarantees amounts to SEK 200 billion. At the end of 2006, EKN’s mandate from the government amounted to SEK 175 billion. At the end of the year, EKN had utilised SEK 126 billion of its limit. The amount utilised at the end of previous year was SEK 118 billion. There is a special limit of SEK 10 billion for investment guarantees. At the end of the year, only SEK 128 million had been utilised; this related to one investment project in Russia for which a guarantee had been provided in 2003.