Counterparty credit risk in financial transactions

A A A
Counterparty credit risk in financial transactions

– we limit this risk by entering into transactions only with financial institutions or companies holding the minimum acceptable credit rating assigned by rating agencies, or holding appropriate guarantees (if they do not hold their own credit ratings at the required levels) issued by a financial institution or company holding the minimum acceptable credit rating assigned by credit agencies and meeting the requirements adopted by Grupa LOTOS and resulting from contractual obligations. Credit limits in financial transactions are determined by reference to the Company's equity and a ratio calculated based on agency credit ratings updated on an ongoing basis. The utilisation of credit limits is regularly monitored.