| If an insured event occurs, justified claims are remunerated by the payment of indemnifications. |
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| The claims as described in Table 1, No 9 concern indemnifications in case the sale of AGB1 to GECB is found to be void or invalid. |
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| In addition, the company may execute agreements that provide indemnifications and guarantees to third parties. |
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| We have not made any significant payments under these indemnifications in the past. |
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| In the normal course of operations, we enter into various agreements that provide general indemnifications. |
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| In 2008, indemnifications amounting to 0.1 million CHF were paid out for losses acknowledged in the past. |
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| The Corporation has liability insurance that relates to the indemnifications described above. |
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| No amount has been included in our Consolidated Balance Sheet as at October 31, 2003 related to these indemnifications. |
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| The term of these indemnifications varies, as the securities loaned are recallable on demand. |
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| Leaving aside the adequacy of my loss reserves, are these indemnifications legally enforceable? |
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| We have total releases and indemnifications, and everything is as it should be. |
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| At August 31, 2010 and 2009, no liability has been recorded associated with these indemnifications. |
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| The maximum potential future payments that the Company could be required to make under these indemnifications are either contractually limited to a specified amount or unlimited. |
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| No claims with respect to such occurrences have been made and, as such, no amount has been recorded in these financial statements with respect to these indemnifications. |
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| The Commission considers that, if this reasoning were valid, it would apply not only to tax matters but also to the indemnifications for customs and excise liabilities. |
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| The Company from time to time offers indemnifications to third parties in the normal course of its business, in connection with business or asset acquisitions or dispositions. |
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| Furthermore, agreements entered into by Trader and its predecessor companies prior to the acquisition contain indemnifications similar to the ones just described. |
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| Management is of the opinion that any resulting settlements relating to the litigation matters or indemnifications would not materially affect the financial position of the Company. |
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| In addition, the Company may provide indemnifications, in the normal course of operations, that are often standard contractual terms to counterparties in certain transactions, such as purchase and sale agreements. |
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| At March 31, 2007, given that the nature and amount of such indemnifications depend on future events, the Company is unable to reasonably estimate its maximum potential liability under these agreements. |
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| The contingent nature of the liabilities in such agreements and the range of indemnification prevent the OAC from making a reasonable estimate of the maximum amount that would be required to pay such indemnifications. |
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| These indemnifications typically occur in connection with sales of assets, securities offerings, service contracts, membership agreements, clearing arrangements and leasing transactions. |
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