Corporate Guarantee of Completion
A Corporate Guarantee of Completion (CGC) is an assurance to the stakeholders of a film or television production that the project will be completed and delivered on time and on budget. A corporate guarantee of completion also gives the project's investors the assurance that it will cost them no more than their original investment to complete the production and deliver to distributor(s) as contracted by the producer.
A CGC, (different than a Completion Guarantee offered by insurance companies) is generally acceptable by Banks, Government Institutions, Investors and other stakeholders in a film or television production. In order to offer this service to its client productions, TriStar must have segregated an amount equal to ½ of each production budget in order to cover eventualities. This amount can be reduced each week of the production, until the CGC is retired and redeployed on another production.