This item relates to credit-substitute guarantees and non-credit-substitute guarantees that are partly secured by blocked accounts for the same amount.
Credit substitute guarantees
Non-credit substitute guarantees
Credit substitute guarantees are guarantees to customers for loans provided to these customers by other banks. Non-credit substitute guarantees are guarantees to customers for all other obligations of these customers to third parties. For example:
Obligations to purchase sustainable goods, such as wind turbines.
Obligations to decommission equipment or reinstate property (mostly related to project finance provided by Triodos Bank).
The decrease of the credit substitute guarantees is mainly due to the repayment of two large loans which were guaranteed by Triodos Bank.