| Commentary

327 Completion guarantee

| Commentary

3: COMPLETION GUARANTEES AND SECURITY ARRANGEMENTS

327 Completion guarantee

A completion guarantee is a contractual commitment from a completion guarantor to procure that a film will be completed and delivered on schedule for the budget amount. Such guarantees are normally provided to persons providing finance to be used in the course of production of a film, and the guarantee will normally enable the guarantor to repay sums invested by the financiers in case some unavoidable event prevents completion of the film.

In return for giving such a guarantee, a completion guarantor will normally require payment of a fee of between 5% and

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