The following paragraphs provide very general guidance to the application of policies in markets where will accept credit requests from. Identification of Obligor or Guarantor. EnviroTech will approve a final commitment or a preliminary commitment only if a specific obligor or guarantor has been identified. Information Requirements regarding Obligors or Guarantors. To process applications for final commitments will first require information on proposed obligors and guarantors.
Engineering data is required for long-term transactions.
Generally, EnviroTech will require more detailed information regarding obligors or guarantors when processing relatively large transactions, or transactions with obligors or guarantors with which EnviroTech has had no favorable direct credit experience. EnviroTech s application form and program literature specify our standard information requirements. Sovereign Guarantees for Public Sector Buyers or Obligors. For cases involving proposed public sector buyers or obligors that do not have significant independent sources of revenue outside the central government budget and which do not have independently audited financial statements, EnviroTech will routinely require a sovereign guarantee. Prior Evidence of Host Government Willingness to Provide Sovereign Guarantee in Some Countries.