C(i) & C(ii) overview

C(i) overview

Note: this certificate should only be used for contingent assets of Type C(i), namely “evergreen” letters of credit and bank guarantees in the Board's standard form under which a demand may be made if the instrument is not renewed or replaced prior to expiry.

C(ii) overview

This certificate should only be used for contingent assets of Type C(ii), namely "fixed term" letters of credit and bank guarantees in the Board's standard form under which a demand may be made if the instrument is not renewed or replaced after expiry.