International Guarantee Line
Concession by ICO of a bank guarantee to operations previously guaranteed or counter-guaranteed by Spanish Credit Entities, with ICO assuming the risk of these Entities. 100% of the risk with companies is assumed by the Spanish Credit Entity.
The Credit Entities are responsible for marketing the Line through their networks of offices, to which interested clients are directly directed. These Credit Entities assume the risk of non-payments, decide whether or not to grant a guarantee and determine which guarantees to demand.