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Energy Efficiency

Directorate General

A situation where a loan is not paid back by the borrower, the final recipient, which triggers the use of the guarantee to cover the losses of the lender.

A facility that guarantees a portfolio (i.e. a collection/group) of loans to be made by a specialised financial institution to final recipients, for which the parameters have been defined but individual borrowers are not yet known because the loans are only about to be given.

A specialised financial institution (e.g. commercial lending banks) providing loans to final recipients of a guarantee financial instrument.

A body, governed by public or private law, carrying out tasks of a holding fund or specific fund.

A national ministry/regional authority/local council, or another public or private body responsible for the efficient management and implementation of an operational programme.