Open‑ended guarantees 是什么意思？

Open‑ended guarantees——开放式保证

但是，许多保证不包括到期日期或事件。这些被称为“开放式”保函。有些国家/地区不接受有有效期的保修，例如在中东地区。
However, many guarantees do not include an expiry date or event. These are known as ‘open‑ended’ guarantees. Some countries do not accept guarantees with an expiry date – in the Middle East, for example.

When an expiry date does not apply
An expiry date does not apply if a guarantee is subject to a local law that dictates that it can be ignored. If such a law is in place, the guarantee would expire after a certain period of time (eg 30 days) after the original expiry date. Alternatively, the local law may allow the guarantee to expire after a designated grace period.

Accounting issues
The lack of a clear expiry date causes real difficulties to both the applicant (or instructing party) and the guarantor. Not only does a potential risk remain, but under international accounting standards a contingent liability must also remain on the statement of financial position (balance sheet) of either the applicant (or instructing party) and guarantor, until the beneficiary returns the guarantee or provides written consent to cancellation..

来自CITF2021,10.7 Expiry