Statutory limits and outstanding guaranteed amounts

Relates to guarantee amounts in SEK million.	31 Dec 2008		31 Dec 2007		31 Dec 2006
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 *	150,786		129,110		126,217
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		0		128

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 total value of guarantees and binding offers is netted off against the limit. Offers are netted off against the limit at 50% of their amounts. Until year end the limit set by Parliament for export credit guarantees amounted 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 151 billion of its limit. The amount utilised at the end of the previous year was SEK 129 billion. There is a special limit of SEK 10 billion for investment guarantees. At the year-end, it had not been used at all.

In accordance with a parliamentary resolution in December 2008, the limit was expanded. From Jan 1 2009 the limit amounts to SEK 350 billion.