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Contingent liabilitiesContingent liabilities

The Group uses a variety of loan-related financial instruments to meet the financial needs of its customers. The Group also issues loan offers and other credit facilities, guarantees, etc., that are not recognised on the balance sheet.
Guarantees and other liabilitiesMar. 31,
2008
Dec. 31,
2007
Mar. 31,
2007
Guarantees113,506109,24280,616
Other liabilities227,442233,080302,932
Total340,948342,322383,548

Owing to its size and business volume, the Danske Bank Group is continually a party to various lawsuits. The Group does not expect the outcomes of the cases pending to have any material effect on its financial position.

A limited number of employees are employed under terms which grant them, if they are dismissed before reaching their normal retirement age, an extraordinary severance and/or pension payment in excess of what they would have been entitled to under ordinary terms of employment.