Contingencies
| Finnvera Group | Finnvera plc | ||||||
| (EUR 1,000) | 31 Dec 2014 | 31 Dec 2013 | 31 Dec 2014 | 31 Dec 2013 | |||
| Contingencies | |||||||
| Commitments for domestic guarantees *) | 987,561 | 1,046,853 | 987,561 | 1,046,853 | |||
| Commitments for export credit guarantees and special guarantees **) | 12,600,433 | 11,003,537 | 12,600,433 | 11,003,537 | |||
| Binding financing offers ***) | 3,090,405 | 2,171,239 | 182,497 | 187,576 | |||
| Total | 16,678,398 | 14,221,629 | 13,770,490 | 12,237,966 | |||
| *) Commitments for domestic guarantees mean commitments referred to in §4 and §4a of the Act on Credits and Guarantees Provided by the State-owned Specialised Financing Company (18.6.1998/445). These commitments are current commitments. **) Commitments for export credit guarantees and special guarantees mean commitments referred to in the Act on the State Guarantee Fund (18.6.1998/444). The commitments are presented as total outstanding commitments, which includes both current commitments and offers given. |
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| Finnvera Group | Finnvera plc | ||||||
| (EUR 1,000) | 31 Dec 2014 | 31 Dec 2013 | 31 Dec 2014 | 31 Dec 2013 | |||
| Current commitments | 12,049,578 | 9,918,963 | 12,049,578 | 9,918,963 | |||
| - For export credit guarantees | 11,890,141 | 9,741,204 | 11,890,141 | 9,741,204 | |||
| - For special guarantees | 159,437 | 177,759 | 159,437 | 177,759 | |||
| Offers given | 550,854 | 1,084,574 | 550,854 | 1,084,574 | |||
| - For export credit guarantees | 550,854 | 1,084,574 | 550,854 | 1,084,574 | |||
| - For special guarantees | 0 | 0 | 0 | 0 | |||
| Total | 12,600,433 | 11,003,537 | 12,600,433 | 11,003,537 | |||
| Liability for export credit guarantees calculated according to the Act on the State’s Export Credit Guarantees: | |||||||
| Finnvera Group | Finnvera plc | ||||||
| (EUR 1,000) | 31 Dec 2014 | 31 Dec 2013 | 31 Dec 2014 | 31 Dec 2013 | |||
| Liability according to the Act on the State's Export Credit Guarantees | 10,754,962 | 9,760,786 | 10,754,962 | 9,760,786 | |||
| The liability calculated according to the Act on the State’s Export Credit Guarantees only includes the liability endorsed on the basis of the Act. It consists of the current commitments (only principal) and half of the liability stemming from the offers given. Items in foreign currencies are converted to euros using the exchange rate on the date when the commitment was given. ***) The parent company’s binding financing offers consist of irrevocable financing pledges given for the client in accordance with the Act on Credits and Guarantees provided by the State-owned specialised financing company. The pledge may be either a pledge to grant a credit or a guarantee, given for a third party, concerning a non-disbursed credit. The figure for the Group also includes the unused credit arrangements for export credits granted by Finnish Export Credit Ltd. |
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