Validation v3078_m compares the values in F_09.02 (r080, c010) with F_18.00.C (c205, c210, r330, r550). The guidelines for F_09.02 (Annex V para 119) require that "for financial guarantees received, the ‘maximum amount of the guarantee that can be considered’ shall be the maximum amount the counterparty could have to pay if the guarantee is called on." In the case of an exposure fully covered by a guarantee, the maximum amount the counterparty would pay if the guarantee is called on would be the gross amount. The guidelines for F_18.00.C (Annex V para 239) require that "the sum of the amounts reported for both collateral and guarantees shall be capped at the carrying amount or nominal amount after deduction of provisions of the related exposure." In practice, a credit institution would still take impairment measures on a guarantee that covers an exposure in full. This impairment would be taken in order to cover the counterparty credit risk of the guarantor. Therefore, the carrying amount of the exposure would be less than the maximum amount the counterparty could have to pay if the guarantee is called on (gross amount). Validation v3078_m would therefore fail.