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Note 9 - Commitments and Contingencies
12 Months Ended
Dec. 31, 2017
Notes  
Note 9 - Commitments and Contingencies

Note 9 - Commitments and Contingencies

 

Letters of Credit

 

Under the terms of financing arrangements for letters of credit, E&S is required to maintain a balance in a specific cash account equal to or greater than the outstanding value of all letters of credit or bank guarantees issued, plus other amounts necessary to adequately secure obligations with the financial institution.  As of December 31, 2016, there were outstanding letters of credit and bank guarantees of $600 which expired in 2017.  As of December 31, 2017, there were outstanding letters of credit and bank guarantees of $312 which are scheduled to expire in 2018.