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Letter of Indemnity

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Letter of Indemnity
1. A letter guaranteeing that contractual provisions will be met, otherwise financial reparations will be made.

2. A letter requesting replacements for lost shares from a company's treasury.

Notes:
1. The principal behind a letter of indemnity is the guarantee that losses will not be suffered, should certain provisions of a contract not be met.
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Credit Lyonnais (AA-/Stable/A-1+) acts as program administrator, liquidity provider, letter of indemnity provider, and sponsor.
S&P Asgns Rtg to H2O's Eur5Bn Frnch and Eur ABCP Prgm by Business Wire
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