CLCC Guidance – Estimating losses for Guarantees and Indemnities

This document is part of a series to provide guidance to departments regarding the establishment and management of contingent liabilities.

This guidance will help government departments in estimating losses for financial guarantees and indemnities, principally when completing the HMT checklist for contingent liabilities, but also outside of the checklist process when a department would like to better understand a particular risk exposure.  

This note should be read in conjunction with the high level guidance for filing in the checklist in the Contingent Liability Approval Framework and Managing Public Money (Annex 5.4)

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Read more about the Contingent Liability Central Capability (CLCC), an analytical and advisory unit within UKGI