High Risk Guarantee Clauses

Question 1

Approvals Guarantees
- General approval
- Special cases

Answer 1

General: Local P&L Unit
Special: Deviation from overall fundamental principles (must haves no gos) - CET
Non-divestment: SAG board

Question 2

CET (Circular’s Exemptions Management Tool)

Question 3

Overall Fundamental Principles (3 Must Have, 1 No go)

Answer 3

Must have: maximum liability amount, accessory guarantee, formal requirements for calling guarantee
No go: Non-divestment clause