The state's guarantee power: the sovereign-guarantee's purpose (the SOEs'-and-projects' borrowing facilitation (the credit-enhancement face)); the authorisation (the parliament's approval
(the guarantee's ceiling-and-conditions)); the risks (the contingent-liability problem (the called- guarantee's history — the SOE debt's sovereign absorption faces)); the reporting (the guarantee's register-and-discipline); the counter-guarantee's faces (the beneficiary's obligations back to the state).