Credits reported in the statement shall be detailed according to the following:

      Discounts

(2) Loans and advances against merchandise, excluding credits extended against import and/or export documents (items 5 and 6 below)

Loans and advances secured by real guarantees (excluding those against merchandise).

Loans and advances secured by personal guarantees

Loans and advances secured by documentary credits for imports.

(6) Loans and advances secured by presentation of export documents.

(7) Loans and advances against documentary credits for exports.

(8) Unsecured loans and advances.

(9) Acceptances.

(10) Documentary letters of credit

( 1 ) Guarantees.

The first eight types (1–8) deal with obligations representing actual credit. But the last three (9–11) do not represent more than a promise given by the Institution to lend its signature to the customer. These types do not lead to an actual credit except in the case of customer’s default.