The commercial (on a commercial scale) assumption of sureties, guarantees and other warranties for third parties. In Germany, such activities require a license and are subject to supervision by the supervisory authority. – See off-balance sheet business, guarantee, credit enhancement, irrevocable credit commitment, letter of comfort.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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