Statutory limits and outstanding guaranteed amount
Print-friendly page| 31 Dec 2007 | 31 Dec 2006 | 31 Dec 2005 | |
|---|---|---|---|
| Relates to guarantee amounts in SEK million. | |||
| Export credit guarantees | |||
| Maximum amount of liability permitted by Parliament | 200,000 | 200,000 | 200,000 |
| Amount authorised by the Government to EKN | 175,000 | 175,000 | 175,000 |
| Outstanding guarantee commitments | 129,110 | 126,217 | 117,558 |
| Investment guarantees | |||
| Maximum amount of liability permitted by Parliament | 10,000 | 10,000 | 10,000 |
| Amount authorised by the Government to EKN | 10,000 | 10,000 | 10,000 |
| Outstanding guarantee commitments (guarantees and offers) | 0 | 128 | 133 |
The above utilisation of statutory limits set by the Parliament and the Government includes 100% of guarantees and binding offers, and 50% of non-binding offers of the corresponding amount. Claim on losses are not included in utilisation limits set.
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 guarantees and binding offers is then netted off against the limit. Offers are netted off against the limit at 50% of their amounts. The limit set by Parliament for export credit guarantees amounts to SEK 200 billion. At the end of 2007, EKN’s mandate from the government amounted to SEK 175 billion. At the end of the year, EKN had utilised SEK 129 billion of its limit. The amount utilised at the end of the previous year was SEK 126 billion. There is a special limit of SEK 10 billion for investment guarantees. At the year-end, it had not been used at all.