The guarantee was provided at a charge to the institutions concerned and will be subject to specific terms and conditions so that the taxpayers’ interest can be protected. The guarantee covers all existing aforementioned facilities with these institutions and any new such facilities issued from midnight on 28 September 2008. It will expire at midnight on 28 September 2010. The legislation did not contain details of the actual guarantees or the conditions that would attach, all of which had to be provided in a more detailed scheme.