Each transaction under the SME Window of the EU Guarantee implemented by the European
Investment Fund (“EIF”) is subject to EIF’s governing bodies’ approval. However, SME Window
products also have to be approved by the EFSI Steering Board, jointly with the Managing Director,
after consultation with the EFSI Investment Committee (as these terms are defined in the EFSI
Regulation).
The purpose of this note is to describe an additional product to be considered under the SME
Window, namely the “EaSI Guarantee Enhancement”, and to seek its approval by the EFSI Steering
Board, jointly with the EFSI Managing Director, by written procedure expiring the 21st
July 2016. In
the meantime, the EFSI secretariat will inform the Steering Board of the outcome of the
consultation with the EFSI Investment Committee, following its meeting to be held on 14th
July
2016.