According to analysts at Deutsche Bank, giving the fund sufficient firepower to help Italy would raise France's contingent liability to almost 13% of GDP.
Hence, the conscientious analyses and study of the local government contingent liability is significant to guarantee the sane development of the local finance economic and even whole national economy.
For example, most of the original forms covered only contingent liability and did not cover a contractor's direct liability for professional services.
Its capital is wholly owned by the HKSAR Government, which also guarantees its maximum contingent liability, currently standing at $10 billion.
The government contingent liability is one of the central elements of the financial risk.
This article starts with this present financial difficult problem of contingent liability of local government of our country, and analyses the sh...
This paper considers the intension, expression and causes of China's fiscal contingent liability and proposes some solutions.
But by far the most worrying contingent liability looming over America is its growing exposure to residential mortgages.
Under its current guarantee to the bail-out fund, France has a contingent liability of 8% of GDP (if the fund were to be drawn down in full).
A contingent liability is not an actual liability. Instead, it is a potential liability that depends on a future event arising out of a Dast transaction.
The thesis, from positive angel, analysis how contingent liability takes from and its affecting factors.
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