Holdings
Blackstone/GSO Senior Floating Rate Term Fund
 
Holdings (as of 02/28/2014)

Rank

Issue

Quantity ($)

Value($)
% of
Managed Assets
1.U.S. Foods, Inc., Senior Secured First Lien Term Loan,6,217,6886,262,393.401.43%
2.Sheridan Production Partners LP, Senior Secured Tranche B-2 First Lien Term Loan5,189,9095,230,961.391.20%
3.Sports Authority, Inc. (aka TSA), Senior Secured First Lien Term B Loan,4,850,0004,862,125.001.11%
4.Smile Brands Group, Inc., Senior Secured First Lien Term B Loan,4,825,2364,839,301.801.11%
5.Advantage Sales & Marketing, Inc., Senior Secured Second Lien Term Loan,4,714,2864,795,324.291.10%
6.Hupah Finance, Inc., Senior Secured First Lien Initial Term Loan,4,740,4934,752,344.671.09%
7.Sensus U.S.A., Inc. (fka Sensus Metering Systems), Senior Secured Second Lien Term Loan,4,714,2864,747,662.861.09%
8.BSN Medical, Inc., Senior Secured First Lien Term B1 Loan,4,684,7564,715,207.011.08%
9.Inmar, Inc., Senior Secured First Lien Initial Term Loan,4,454,5454,448,977.271.02%
10.Kronos, Inc. (aka Seahawk Acquisition Corp.), Senior Secured First Lien Incremental Term Loan,4,401,8514,443,118.761.02%
11.Valeant Pharmaceuticals International, Inc., Senior Secured First Lien Series E Tranche B Term Loan,4,366,7764,398,981.291.01%
12.Onex Carestream Finance LP, Senior Secured First Lien Term Loan,4,299,6084,361,028.191.00%
13.Avaya, Inc., Senior Secured B-3 Extended First Lien Term B-3 Loan,4,375,3704,268,982.420.98%
14.Caesars Entertainment Operating Co. (fka Harrah's/Corner Investment), Senior Secured First Lien Term B Loan,4,139,5354,210,859.070.96%
15.Mitchell International, Inc., Senior Secured First Lien Initial Term Loan,4,000,0004,021,260.000.92%
16.PSC Industrial Outsourcing LP, Senior Secured First Lien Term Loan,3,965,4943,987,799.690.91%
17.Sandy Creek Energy Associates LP, Senior Secured First Lien Term Loan,3,896,1043,914,668.840.90%
18.Alpha Topco Ltd. (Formula One), Senior Secured First Lien New Facility Term B Loan,3,828,4503,873,377.220.89%
19.Presidio, Inc., Senior Secured First Lien Term Loan,3,831,7043,858,046.710.88%
20.Vertafore, Inc., Senior Secured First Lien Term Loan,3,817,9263,842,264.820.88%
21.Chrysler Group LLC, Senior Secured First Lien Tranche B Term Loan,3,736,8343,750,846.800.86%
22.Wide Open West Finance LLC, Senior Secured First Lien Term B Loan,3,713,7383,739,920.020.86%
23.Truven Health Analytics, Inc., Senior Secured New Tranche B First Lien Term Loan,3,589,3833,610,919.320.83%
24.Wall Street Systems Holdings, Inc., Senior Secured First Lien Term Loan,3,535,7143,555,602.680.81%
25.Blue Coat Systems, Inc., Senior Secured First Lien Term Loan,3,471,3063,490,103.370.80%
26.Smart & Final Stores LLC, Senior Secured First Lien Term Loan,3,441,8153,448,991.600.79%
27.Technicolor S.A., Senior Secured First Lien Term Loan,3,364,7063,427,205.300.79%
28.Sequa Corp., Senior Secured First Lien Term Loan,3,428,8853,386,023.750.78%
29.Mood Media Corp., Senior Secured First Lien Term Loan,3,297,9023,336,042.500.76%
30.BBTS Borrower LP, Senior Secured First Lien Term Loan,3,256,8073,308,378.740.76%
31.Nexeo Solutions LLC (aka Ashland Distribution), Senior Secured First Lien Initial Term Loan,3,241,6673,231,552.670.74%
32.Quikrete Holdings, Inc., Senior Secured First Lien Inital Term Loan,3,170,9783,186,167.250.73%
33.Envision Pharmaceutical Services, Inc., Senior Secured First Lien Term Loan,3,148,4913,179,975.450.73%
34.Ikaria Acquisition, Inc., Senior Secured First Lien Term Loan,3,130,4353,157,184.350.72%
35.CrownRock LP / CrownRock Finance, Inc., Senior Unsecured Bond,3,000,0003,135,000.000.72%
36.PRA Holdings, Inc., Senior Secured First Lien Initial Term Loan,3,117,1883,127,396.290.72%
37.Pinnacle Operating Corp., Senior Secured First Lien Term B Loan,3,058,8063,077,923.080.71%
38.Fibertech Networks LLC (aka Firefox), Senior Secured First Lien Term Loan,3,062,8613,071,482.750.70%
39.Fairpoint Communications, Inc., Senior Secured First Lien Term Loan,2,977,5003,068,060.660.70%
40.BarBri, Inc., Senior Secured First Lien Term Loan,3,049,3753,061,755.460.70%
41.Vertafore, Inc., Senior Secured Second Lien Term Loan,3,000,0003,057,495.000.70%
42.Rexnord LLC, Senior Secured First Lien Term B Loan,2,992,5003,005,592.190.69%
43.Blackboard, Inc., Senior Secured First Lien Term B-3 Loan,2,970,0562,999,756.810.69%
44.Sophia LP, Senior Secured First Lien Additional Term B Loan,2,970,8452,996,839.560.69%
45.Aramark Corp., Senior Secured First Lien Term E Loan,2,999,9162,994,906.140.69%
46.Southern Graphics, Inc., Senior Secured First Lien Term Loan,2,967,7082,986,256.500.68%
47.Alvogen Pharmaceuticals U.S., Senior Secured First Lien Term Loan,2,941,8572,982,307.570.68%
48.Cunningham Lindsey Corp., Senior Secured First Lien Term Loan,2,970,0002,966,287.500.68%
49.Academy Ltd., Senior Secured First Lien Initial Term Loan,2,936,5782,959,204.440.68%
50.AlixPartners LLP, Senior Secured First Lien Replacement Term B-2 Loan,2,932,9492,954,946.180.68%
51.Alliant Holdings I, Inc., Senior Secured First Lien Term Loan,2,916,9642,942,502.310.67%
52.Supervalu, Inc., Senior Secured First Lien Term Loan,2,922,3082,938,015.100.67%
53.The Petroleum Place, Inc., Senior Secured First Lien Term Loan,2,857,1432,892,857.140.66%
54.Syniverse Holdings, Inc., (Buccaneer Merger Sub., Inc.), Senior Secured First Lien Term Loan,2,879,4792,892,666.830.66%
55.Leap Wireless International, Inc. (Cricket Communications), Senior Secured First Lien Term Loan,2,882,0002,887,403.740.66%
56.Zayo Group LLC (Zayo Capital, Inc.), Senior Secured First Lien Term Loan,2,873,8432,884,950.450.66%
57.Drumm Investors LLC (aka Golden Living), Senior Secured First Lien Term Loan,2,860,6872,834,468.380.65%
58.Hudson's Bay Co., Senior Secured First Lien Term Loan,2,775,0002,820,745.870.65%
59.Container Store, Inc., Senior Secured First Lien Term B3 Loan,2,791,2892,806,543.560.64%
60.Teine Energy Ltd., Senior Secured First Lien Term Loan,2,729,3752,772,021.480.64%
61.Hubbard Radio LLC, Senior Secured First Lien Tranche 1 Term Loan,2,726,2982,744,468.810.63%
62.CEC Entertainment, Inc., Senior Secured First Lien Term B Loan,2,739,1302,734,569.780.63%
63.AmWins Group LLC, Senior Secured First Lien Term B Loan,2,694,2282,717,384.600.62%
64.Crestwood Holdings LLC, Senior Secured First Lien Term Loan,2,643,4412,702,917.910.62%
65.Ion Trading Technologies S.A.R.L., Senior Secured First Lien Tranche B-1 Term Loan,2,643,7502,667,543.750.61%
66.AOT Bedding Super Holdings LLC (aka National Bedding/Serta), Senior Secured First Lien Term B Loan,2,624,4792,645,094.430.61%
67.Aspect Software, Inc., Senior Secured Tranche B First Lien Term Loan,2,607,4562,638,954.230.60%
68.Centaur LLC, Senior Secured First Lien Term Loan,2,592,4932,605,455.220.60%
69.PGA Holdings, Inc. (aka Press Ganey), Senior Secured First Lien Term Loan,2,560,0352,576,035.630.59%
70.MModal, Inc., Senior Secured First Lien Term B Loan,3,339,8792,550,832.840.58%
71.ADS Waste Holdings, Inc., Senior Secured First Lien Tranche B-2 Term Loan,2,535,9612,538,775.510.58%
72.U.S. Coatings Acquisition, Inc., Senior Secured First Lien Term Loan,2,498,6012,513,543.040.58%
73.Dell International LLC, Senior Secured First Lien Term B Loan,2,493,7502,492,303.630.57%
74.BakerCorp International, Inc., Senior Secured First Lien Replacement Term Loan,2,472,5592,475,650.090.57%
75.Totes Isotoner Corp., Senior Secured First Lien Initial Term Loan,2,452,7562,466,564.730.57%
76.SurveyMonkey.com LLC, Senior Secured First Lien Term Loan,2,436,1362,454,407.390.56%
77.Accellent, Inc., Senior Secured First Lien Term Loan,2,439,0242,451,719.510.56%
78.Penton Media, Inc., Senior Secured First Lien Term B Loan,2,394,0002,420,932.500.55%
79.Polarpak, Inc., Senior Secured First Lien Canadian Borrower Term Loan,2,384,9752,408,824.480.55%
80.Affinia Group, Inc., Senior Secured Tranche B-2 First Lien Term Loan,2,376,9442,385,857.990.55%
81.California Pizza Kitchen, Inc., Senior Secured First Lien Term Loan2,458,1692,378,278.130.54%
82.McJunkin Red Man Corp., Senior Secured First Lien Term Loan,2,318,5142,350,103.270.54%
83.Landmark Aviation (LM U.S. Member LLC), Senior Secured First Lien Initial Term Loan,2,318,5882,342,504.030.54%
84.Sheridan Holdings, Inc., Senior Secured First Lien Initial Term Loan,2,313,5382,328,969.590.53%
85.Allen Systems Group, Inc., Senior Secured Bond,3,983,0002,270,310.000.52%
86.Crossmark Holdings, Inc., Senior Secured First Lien Term Loan,2,265,7742,262,952.610.52%
87.Cincinnati Bell, Inc. (aka Broadwing, Inc.), Senior Unsecured Bond,2,043,0002,242,192.500.51%
88.Asurion LLC, Senior Secured Tranche B-1 First Lien Incremental Term Loan,2,194,2702,202,103.090.50%
89.Pharmaceutical Product Development, Inc. (Jaguar AKA PPDI), Senior Secured First Lien Term B Loan,2,176,4042,191,018.560.50%
90.Intelsat Jackson Holdings SA, Senior Unsecured Bond,2,000,0002,182,500.000.50%
91.Brasa Holdings, Inc., Senior Secured First Lien Term B Loan,2,139,5832,166,328.150.50%
92.Viasystems, Inc., Senior Unsecured Bond,2,000,0002,157,500.000.49%
93.SRS Distribution, Inc., Senior Secured First Lien Term Loan,2,141,7112,148,403.370.49%
94.Burlington Coat Factory Warehouse Corp., Senior Secured First Lien Term B-1 Loan,2,100,6842,118,003.680.49%
95.Spin Holdco, Inc. (aka Coinmach Corp.), Senior Secured First Lien Initial Term Loan,2,106,3712,114,701.670.48%
96.Del Monte Foods Co., Senior Unsecured Bond,2,000,0002,085,000.000.48%
97.Corner Investment Propco LLC, Senior Secured First Lien Term B Loan,2,000,0002,060,000.000.47%
98.Ranpak Corp., Senior Secured Second Lien Term Loan,2,000,0002,055,000.000.47%
99.Star West Generation LLC, Senior Secured First Lien Term B Advance Loan,2,037,1422,047,327.740.47%
100.Transaction Network Services, Senior Secured First Lien Term Loan,1,997,8632,012,847.230.46%
101.Surgical Care Affiliates LLC, Senior Secured First Lien Class C Incremental Term Loan,1,990,0001,997,462.500.46%
102.PQ Corp., Senior Secured First Lien Term Loan,1,980,0001,993,929.300.46%
103.Hyland Software, Inc., Senior Secured First Lien Inital Term Loan,1,947,5411,965,799.180.45%
104.Epicor Software Corp., Senior Secured First Lien Term B-2 Loan,1,936,4181,949,731.350.45%
105.Securus Technologies Holdings, Inc., Senior Secured First Lien Initial Term Loan,1,917,5931,918,187.040.44%
106.Surgery Center Holdings, Inc., Senior Secured First Lien Term Loan,1,912,0591,916,838.980.44%
107.Paradigm Precision Group, Senior Secured First Lien Term Loan,1,875,0001,877,353.130.43%
108.RCN Corp., Senior Secured First Lien Term B Loan,1,827,6191,846,278.740.42%
109.Technicolor S.A., Senior Secured First Lien Term B2 Facility Loan,1,816,1531,843,395.440.42%
110.Sedgwick Claims Management Services, Inc., Senior Secured Second Lien Term Loan,1,818,1821,842,200.000.42%
111.Caesars Entertainment Operating Co. (fka Harrah's/Corner Investment), Senior Secured First Lien Term B-5 Loan,1,918,6961,814,366.960.42%
112.Neiman Marcus Group Ltd., Inc., Senior Secured First Lien Term Loan,1,769,7581,792,251.700.41%
113.Berlin Packaging LLC, Senior Secured First Lien Term Loan,1,765,3231,781,501.760.41%
114.Tallgrass Energy Partners LP, Senior Secured First Lien Term Loan,1,761,9351,779,554.250.41%
115.Dole Food Co., Inc., Senior Secured First Lien Tranche B Term Loan,1,759,1621,773,235.600.41%
116.Armored AutoGroup, Inc. (fka Viking Acquisition, Inc. (aka Global Autocare)), Senior Secured First Lien Term B Loan,1,729,4501,746,017.770.40%
117.Multi Packaging Solutions, Inc., Senior Secured First Lien Rollover Dollar Term Loan,1,714,2861,730,357.150.40%
118.Convatec, Inc. (aka Cidron Healthcare, Ltd.), Senior Secured First Lien Dollar Term Loan,1,657,2101,668,943.170.38%
119.W3 Co., Senior Secured First Lien Term Loan,1,658,2761,667,604.190.38%
120.Collective Brands Finance, Inc. (aka Payless ShoeSource), Senior Secured First Lien Term Loan,1,602,7051,607,712.970.37%
121.La Frontera Generation LLC, Senior Secured First Lien Term Loan,1,588,6571,595,853.820.37%
122.ValleyCrest Companies LLC, Senior Secured First Lien Initial Term Loan,1,571,0531,586,763.210.36%
123.Ship Luxco 3 S.A.R.L. (aka RBS WorldPay), Senior Secured Facility B2A First Lien Term Loan,1,522,1441,539,268.550.35%
124.Reynolds Group Holdings, Inc., Senior Secured First Lien Term Loan,1,515,1761,529,380.540.35%
125.Moxie Patriot LLC, Senior Secured First Lien Term B-1 Loan,1,481,4811,522,222.220.35%
126.Moxie Liberty LLC, Senior Secured First Lien Term B-1 Loan,1,470,5881,511,029.420.35%
127.Entercom Radio LLC, Senior Unsecured Bond,1,300,0001,504,750.000.34%
128.Ship Luxco 3 S.A.R.L. (aka RBS Worldpay), Senior Secured First Lien Term B Loan,2,936,3431,482,853.190.34%
129.Progressive Solutions LLC, Senior Secured First Lien Initial Term Loan,1,438,7761,449,566.330.33%
130.Monitronics International, Inc., Senior Secured First Lien Term B Loan,1,426,2991,431,205.530.33%
131.HUB International Ltd., Senior Secured First Lien Initial Term Loan,1,408,2351,423,197.800.33%
132.MoneyGram Payment Systems Worldwide, Inc., Senior Secured First Lien Term B Loan,1,414,7951,422,922.830.33%
133.Par Pharmaceutical Companies, Inc., Senior Secured First Lien Term B-2 Loan,1,405,8401,410,563.880.32%
134.WNA Holdings, Inc., Senior Secured First LienTerm Loan,1,394,1831,408,125.220.32%
135.SunSource Holdings, Senior Secured First Lien Term Loan,1,395,3491,405,813.950.32%
136.WS Packaging Group, Inc., Senior Secured First Lien Term Loan,1,371,5631,371,562.500.31%
137.Univision Communications, Inc., Senior Secured First Lien Incremental Loan,1,363,0661,367,543.300.31%
138.Six Flags Theme Parks, Inc., Senior Secured Tranche B First Lien Term Loan,1,340,3861,350,438.570.31%
139.Sabre, Inc., Senior Secured First Lien Incremental Term Loan,1,337,5571,341,736.690.31%
140.Entercom Radio LLC, Senior Secured First Lien Term B-2 Loan,1,297,9121,310,897.260.30%
141.DBP Holdings Corp., Senior Secured First Lien Initial Term Loan,1,291,3041,301,150.550.30%
142.CITGO Petroleum Corp., Senior Secured First Lien Term C Loan,1,263,2381,282,186.170.29%
143.Six Flags Theme Parks, Inc., Senior Unsecured Bond,1,250,0001,268,750.000.29%
144.Applied Systems, Inc., Senior Secured First Lien Initial Term Loan,1,250,0001,260,937.500.29%
145.Opal Acquisition, Inc. (aka One Call Medical, Inc.), Senior Secured First Lien Term B Loan,1,234,5681,242,283.950.28%
146.National Vision, Inc., Senior Secured First Lien Term Loan,1,168,0001,170,920.000.27%
147.Albertson's LLC, Senior Secured First Lien Term B-2 Loan,1,153,8461,164,663.460.27%
148.National Mentor Holdings, Inc., Senior Secured First Lien Term B Loan,1,088,0831,100,323.830.25%
149.DAE Aviation Holdings, Inc., Senior Secured First Lien Term B1 Loan,1,080,9791,097,642.230.25%
150.Acosta Sales and Marketing Co., Senior Secured First Lien Term B Loan,1,090,9091,097,454.540.25%
151.Monitronics International, Inc., Senior Unsecured Bond,1,000,0001,077,500.000.25%
152.Carlson Wagonlit BV, Senior Unsecured Bond,1,000,0001,075,000.000.25%
153.StoneRiver Group LP, Senior Secured First Lien Initial Term Loan,1,068,7781,071,455.200.25%
154.Party City Holdings, Inc., Senior Secured First Lien Term Loan,1,055,5571,058,359.720.24%
155.Reynolds Group Holdings, Inc., Senior Unsecured Bond1,000,0001,050,000.000.24%
156.Chinos Acquisition Corp. (aka J. Crew Group, Inc.), Senior Unsecured Bond,1,000,0001,050,000.000.24%
157.Apex Tool Group LLC, Senior Secured First Lien Term Loan,1,059,9511,049,351.960.24%
158.Landmark Aviation (LM U.S. Member LLC), Senior Secured Second Lien Initial Term Loan,1,021,7391,044,728.270.24%
159.Sabre, Inc., Senior Secured First Lien Term B Loan,1,026,8981,029,999.110.24%
160.American Pacific Corp., Senior Secured First Lien Term Loan,1,000,0001,015,000.000.23%
161.Templar Energy LLC, Senior Secured Second Lien Term Loan,1,000,0001,005,625.000.23%
162.Revlon Consumer Products Corp., Senior Secured First Lien Acquisition Term Loan,1,000,0001,004,845.000.23%
163.Freescale Semiconductor, Inc., Senior Secured First Lien Tranche B-4 Term Loan,994,9871,001,439.960.23%
164.Panda Temple Power LLC, Senior Secured First Lien Term Loan,927,273952,772.730.22%
165.US Airways, Inc., Senior Secured First Lien Term B1 Loan,944,882947,834.650.22%
166.Sensus U.S.A., Inc. (fka Sensus Metering Systems), Senior Secured First Lien Term Loan,889,372898,083.600.21%
167.Atlantic Power Co., Senior Secured First Lien Term Loan,867,052873,013.000.20%
168.TI Group Automotive Systems LLC, Senior Secured First Lien Additional Term Loan,858,894864,799.140.20%
169.WTG Holdings III Corp., Senior Secured First Lien Term Loan,851,064855,319.150.20%
170.Lion's Gate Entertainment Corp., Senior Secured Second Lien Term Loan,833,333845,833.330.19%
171.Utex Industries, Inc., Senior Secured First Lien Term Loan,806,757811,673.930.19%
172.PlyGem Industries, Inc., Senior Secured First Lien Term Loan,806,452809,645.160.19%
173.Exopack LLC, Senior Secured First Lien Term Loan,750,000762,423.750.17%
174.CHG Buyer Corp., Senior Secured First Lien Term Loan,739,931744,788.280.17%
175.Technicolor S.A., Senior Secured First Lien Term A2 Facility Loan,688,626698,955.740.16%
176.Sheridan Production Partners LP, Senior Secured Tranche B-2 First Lien Term Loan687,705693,145.230.16%
177.Garda World Security Corp., Senior Secured First Lien Term B Loan,689,559691,999.540.16%
178.InfoGroup, Inc., Senior Secured First Lien Term B Loan,787,050691,816.850.16%
179.Scitor Corp., Senior Secured First Lien Term Loan,584,089580,891.560.13%
180.Exopack Holdings SA, Senior Secured Bond,500,000522,500.000.12%
181.Information Resources, Inc., Senior Secured First Lien Term Loan,500,111503,026.220.12%
182.DAE Aviation Holdings, Inc., Senior Secured First Lien Tranche B-2 Term Loan,490,044497,597.800.11%
183.Ranpak Corp., Senior Secured First Lien Term Loan,467,482470,404.150.11%
184.Cadence Aerospace LLC, Senior Secured First Lien Term Loan,445,479447,706.560.10%
185.Asurion LLC, Senior Secured Second Lien Term Loan,425,532440,559.570.10%
186.Fender Musical Instruments Corp., Senior Secured First Lien Initial Term Loan,425,000428,455.250.10%
187.Sheridan Production Partners LP, Senior Secured Tranche B-2 First Lien Term Loan420,055423,377.160.10%
188.Stadium Management, Senior Secured First Lien Term Loan,386,812388,745.750.09%
189.CITGO Petroleum Corp., Senior Secured First Lien Term B Loan,377,106381,505.180.09%
190.Aurora Diagnostics Holdings LLC, Senior Unsecured Bond,500,000380,000.000.09%
191.4L Holdings Corp. (aka Clover Technology), Senior Secured First Lien Term Loan,378,407378,722.990.09%
192.Ascend Learning LLC, Senior Secured First Lien Term Loan,359,281364,895.210.08%
193.Live Nation Entertainment, Inc., Senior Secured Bond,250,000275,625.000.06%
194.Totes Isotoner Corp., Senior Secured First Lien Delayed Draw Term Loan,250,664252,074.880.06%
195.Spectrum Brands, Inc., Senior Secured Trance C First Lien Term Loan,220,944221,253.940.05%
196.Garda World Security Corp., Senior Secured First Lien Delayed Draw Term B Loan,176,399177,023.140.04%
197.Landmark Aviation (LM U.S. Member LLC), Senior Secured First Lien Canadian Term Loan,156,421158,034.640.04%
Net Cash Equivalent & Other Assets Minus Liabilities16,330,609.003.72%
 Total $436,432,007.70100.00%
Total Number of Holdings: 197

An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares.

The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.

Secured loan funds are a distinct segment of the fixed income market and are not an alternative to money markets or certificates of deposit.

Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the fund. Please read the prospectus carefully before investing.

For a more complete information about the Fund, please read the prospectus , call your financial professional or call 1.877.299.1588.

Shares of closed-end investment companies frequently trade at a discount from their net asset value. The risk of loss due to this discount may be greater for investors expecting to sell their shares in a relatively short period. The Fund is newly organized with no operating history.

NOT FDIC INSURED | May Lose Value | No Bank Guarantee