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Contingent liabilities
               
  Finnvera Group Finnvera plc
(EUR 1,000) 31 Dec 2016 31 Dec 2015 31 Dec 2016 31 Dec 2015
Contingent liabilities        
Commitments for domestic guarantees *) 1,060,984 1,003,387 1,060,984 1,003,387
Commitments for export credit guarantees and special guarantees **) 18,426,175 17,436,060 18,426,175 17,436,060
Credit commitments ***) 4,001,318 4,954,366 142,055 154,823
Total 23,488,476 23,393,813 19,629,213 18,594,270
 
*) Commitments for domestic guarantees mean commitments referred to in §4 and §4a of the Act on Credits and Guarantees Provided by the State-owned Specialised Financing Company (18.6.1998/445) These commitments are current commitments.
**) Commitments for export credit guarantees and special guarantees mean commitments referred to in the Act on the State Guarantee Fund (18.6.1998/444). The commitments are presented as total outstanding commitments, which includes both current commitments and offers given.
***) The parent company’s credit commitments consist of irrevocable financing commitments given for the client in accordance with the Act on Credits and Guarantees Provided by the State-owned Specialised Financing Company. The commitment may be either a commitment to grant a credit or a guarantee, given for a third party, concerning a non-disbursed credit. The figure for the Group also includes the undrawn export credit commitments by Finnish Export Credit Ltd.
 
  Finnvera Group Finnvera plc
(EUR 1,000) 31 Dec 2016 31 Dec 2015 31 Dec 2016 31 Dec 2015
Current commitments 15,477,456 16,466,137 15,477,456 16,466,137
- For export credit guarantees 15,312,768 16,324,340 15,312,768 16,324,340
- For special guarantees 164,688 141,796 164,688 141,796
Offers given 2,948,719 969,924 2,948,719 969,924
- For export credit guarantees 2,948,719 969,924 2,948,719 969,924
- For special credit guarantees 0 0 0 0
Total 18,426,175 17,436,060 18,426,175 17,436,060
 
Liability for export credit guarantees calculated according to the Act on the State’s Export Credit Guarantees:
  Finnvera Group Finnvera plc
(EUR 1,000) 31 Dec 2016 31 Dec 2015 31 Dec 2016 31 Dec 2015
Liability according to the Act on the State's Export Credit Guarantees 14,441,826 14,236,372 14,441,826 14,236,372
 
The liability calculated according to the Act on the State’s Export Credit Guarantees only includes the liability endorsed on the basis of the Act. It consists of the current commitments (only principal) and half of the liability stemming from the offers given. Items in foreign currencies are converted to euros using the exchange rate on the date when the commitment was given.
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