Chaque fois qu'un nouveau prêt garanti par le budget de l'Union est signé, le Fonds est crédité d'un montant proportionnel au volume du prêt (taux dit de provisionnement), tiré sur une réserve ad hoc inscrite au budget par le règlement instituant le Fonds (à un niveau dit "montant objectif", fixé à 10 % de l'encours des prêts).
The Guarantee Fund was set up in 1994 to protect the EU budget from the impact of possible defaults of loans benefiting from a guarantee. The European Union offers a partial guarantee to loans made by the European Investment Bank in Latin America, Asia and the Mediterranean area, and a full guarantee to financial assistance to EU
loans to some third countries. Every time a new loan benefiting from the guarantee of the EU budget is signed, the Fund is credited with an amount, proportional to the size of the loan (the so-called "provisioning rate"), drawn on an ad-hoc Reserve inscribed in the budget by the Regulation which instituted the F
...[+++]und (the so-called "target level", set at ten percent of the outstanding amount of loans).