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  • Slot-Die Setup Calculator: Flow Rate, Coating Speed, Gap and Syringe Volume

    Oct 23, 2026 | ACS MATERIAL LLC

    A slot-die set-up comes down to a handful of numbers: the dry thickness you want, the wet thickness that delivers it, the flow rate, the coating speed, the coated width, the gap, and how much ink the syringe must hold. Because slot-die coating is pre-metered, these numbers are linked by simple volume arithmetic. This calculator-style guide walks through each formula with units, illustrative worked numbers, and a check of the result against a lab slot-die coater’s published ranges, so the first run starts close to the target.

    Slot-die setup, defined. Setting up a slot die coating run means choosing a flow rate Q, a coating speed U and a gap so that the pre-metered wet thickness hwet = Q/(W·U) gives the target dry film over the coated width W, while the coating bead stays inside its stable operating window [1][2]. The flow rate and the speed set the thickness; the gap, the speed and the ink properties decide whether the bead is stable.

    In one paragraph: a slot die coating calculator needs five relations. Wet thickness from a dry target: hwet = hdry/φ, where φ is the non-volatile volume fraction. Flow rate: Q = hwet·W·U. Ink volume for a coated length L: V = W·L·hwet. Syringe-limited length: Lmax = Vavail/(W·hwet). Coating time: t = L/U. In lab units, 1 µL = 1 mm3, so µL/s, mm and mm/s combine without conversion factors. The gap has no simple formula: it is a small multiple of the wet thickness, found inside the coating window.

    A slot-die block above a glass plate on a granite surface with a thin liquid bead in the gap, beside a glass syringe filled with dark ink
    Flow rate, speed, width and syringe volume are linked by volume arithmetic. The gap is the one setting the arithmetic cannot give you.

    1.  The short answer: five formulas

    Every slot die coating calculator, whether a spreadsheet or a few lines in a lab notebook, rests on volume conservation. Whatever the pump delivers in steady state is laid down on the substrate [1][3]. Five relations cover most set-ups:

    1. Dry to wet. hwet = hdry/φ, where φ is the volume fraction of material that remains after drying. This assumes a dense dried film and no change in coated width.
    2. Flow rate. Q = hwet·W·U. Rearranged: hwet = Q/(W·U) and U = Q/(W·hwet).
    3. Coated volume. V = W·L·hwet for a coated length L.
    4. Syringe-limited length. Lmax = Vavail/(W·hwet), where Vavail is the ink available for coating after priming, start-up and reserve allowances.
    5. Coating time. t = L/U, which also equals V/Q.

    These relations are exact only for a steady, stable bead. They say nothing about whether the bead will be stable at the chosen numbers; that is decided by the coating window, which depends on the gap, the speed and the ink properties [2][4]. The physics behind the window is explained in Slot-Die Coating Explained: Pre-Metered Thickness and the Coating Window. For where slot-die coating sits among the solution methods, see the pillar guide to solution-processed thin films, which includes an interactive coating method selector.

    2.  Variables and units

    Unit errors are a common source of mistakes in slot-die set-up. The table lists each variable with a convenient lab unit. The key identity is 1 µL = 1 mm3: with lengths in mm, speeds in mm/s and flow in µL/s, all five formulas work without any conversion factor.

    SymbolMeaningConvenient lab unitHow it is set or found
    hdryTarget dry film thicknessnm or µm (convert to mm for the formulas)Chosen by the application; measured after drying
    φNon-volatile volume fraction of the inkdimensionless (0 to 1)Estimated from the formulation; calibrated from measured dry thickness
    hwetWet film thicknessµm (0.001 mm)Calculated; set by the pump through Q
    WCoated widthmmSet by the die and any shim; measured on the film
    UCoating speed (relative die-substrate speed)mm/sSet on the coating axis
    QVolumetric flow rateµL/s (= mm3/s)Set on the pump
    LCoated lengthmmLimited by substrate, stroke and ink volume
    VInk volumeµL (= mm3) or mLCalculated; plus priming and dead volume
    GGap between die lips and substrateµmSet on the vertical axis from a zero on the substrate

    Useful conversions: 1 mL = 1,000 µL; 1 mL/min = 16.7 µL/s; 1 m/min = 16.7 mm/s; 1 µm = 0.001 mm; 1 mg/mL = 1 kg/m3 = 0.001 g/cm3.

    Two cautions. W is the width of the wet film, not the nominal die width; if the film narrows as it leaves the die, the real wet thickness is larger than calculated. U is the relative die-substrate speed, whichever part moves.

    3.  From dry target to wet thickness

    Most set-ups start from a dry thickness. The link to the wet film is the volume fraction φ of material that stays behind when the solvent evaporates. For a dense dried film of unchanged width, hdry ≈ φ·hwet [3].

    Inks are usually specified by concentration or weight fraction rather than volume fraction, so a conversion is needed:

    • From a concentration c (mg/mL). For a dilute ink, φ ≈ c/ρs, where ρs is the density of the dried material in the same units. Because 1 mg/mL = 0.001 g/cm3, a 100 mg/mL ink of a material with density 4 g/cm3 gives φ ≈ 0.1/4 = 0.025.
    • From a weight fraction w. φ = (w/ρs) / [w/ρs + (1 − w)/ρl], where ρl is the solvent density. For w = 0.10, ρs = 4 g/cm3 and ρl = 1.1 g/cm3, φ = 0.025/(0.025 + 0.818) ≈ 0.030.
    Worked example (illustrative values). Target dry thickness 300 nm (0.0003 mm), ink with φ = 0.030.
    hwet = 0.0003 mm ÷ 0.030 = 0.010 mm = 10 µm.
    If the dried film has a porosity p of 20%, the same wet film dries to about φ·hwet/(1 − p) = 0.3 µm/0.8 ≈ 375 nm, so a porous film needs a thinner wet layer for the same dry target. All values are assumed for illustration.

    The conversion is the least certain step in the whole calculation. Solvent can remain in the film, the dried material may not reach its bulk density, and edges can shrink inward during drying. In practice, run one coating at a calculated wet thickness, measure the dry thickness at several positions, and back-calculate an effective φ for that ink, substrate and drying condition. Use the effective value for later set-ups. Thickness measurement methods are compared in How to Measure Thin Film Thickness: Profilometry, Ellipsometry and Interference.

    Dilute inks need thick wet films: at φ = 0.01, a 100 nm dry film needs 10 µm wet. Very thin wet films run into the low-flow limit of the bead [5][6], so if the wet layer needed for a thin dry target sits below that limit, lowering the solids content raises the wet thickness required for the same dry target and moves the operating point away from the limit; dilution also changes the viscosity and the solvent load to dry, so recheck the coating window.

    4.  Flow rate, speed and width

    With the wet thickness known, the flow rate follows from Q = hwet·W·U. Width is usually fixed by the die, so in practice the calculation is a triangle of three quantities: wet thickness, flow rate and speed. Fix any two and the third follows.

    You knowYou calculateFormula (lab units)
    hwet, W, UFlow rateQ [µL/s] = hwet [mm] × W [mm] × U [mm/s]
    Q, W, UWet thicknesshwet [mm] = Q [µL/s] ÷ (W [mm] × U [mm/s])
    Q, W, hwetSpeedU [mm/s] = Q [µL/s] ÷ (W [mm] × hwet [mm])

    Multiply a thickness in mm by 1,000 to get µm. All three rows are the same equation rearranged.

    Worked example (illustrative values). Wet thickness 10 µm (0.010 mm), coated width 50 mm, speed 10 mm/s.
    Q = 0.010 × 50 × 10 = 5 mm3/s = 5 µL/s (0.30 mL/min).
    Reverse check: 5 ÷ (50 × 10) = 0.010 mm. At the same flow rate, slowing to 5 mm/s doubles the wet thickness to 20 µm; at the same speed, raising the flow to 7.5 µL/s gives 15 µm. The die width of 50 mm is an assumed value.

    Which variable to adjust. Because thickness depends on the ratio Q/U, a thickness change can be made with either knob, but the two are not equivalent for the bead. Changing U changes the capillary number Ca = μU/σ and therefore where the operating point sits in the coating window; changing Q at fixed U moves the point along the wet-thickness axis only [6][2]. A practical approach is to choose a speed that gives a stable bead and an acceptable drying time, then fine-tune thickness with flow rate.

    Speed and drying. Slower coating gives volatile solvents more time to evaporate near the bead and edges; faster coating raises the capillary number toward air entrainment. Speed is a compromise between the window and drying, not a free choice.

    Width. If the die can be fitted with different shims, a narrower coating at the same Q and U gives a thicker film. Stripe coating with a shimmed die divides the flow among several lanes, and the edges of each lane behave differently from the centre [7]. For calculations, use the sum of the coated lane widths, not the die width.

    5.  Ink volume, coating time and syringe-limited length

    The coated volume is V = W·L·hwet, and the coating time is t = L/U. In lab units, mm × mm × mm gives mm3, which equals µL.

    Worked example (illustrative values). Coating 150 mm long, 50 mm wide, 10 µm wet, at 10 mm/s.
    V = 50 × 150 × 0.010 = 75 mm3 = 75 µL.
    t = 150 ÷ 10 = 15 s, and 75 µL ÷ 5 µL/s = 15 s, which agrees.

    The coated volume is only part of what the syringe must hold. The total is:

    Vsyringe ≥ Vcoat + Vprime + Vstart + Vreserve
    Vprime fills the tubing, fittings, die manifold and slot; Vstart forms the bead and covers any start-up length; Vreserve keeps the syringe from running empty, which would draw air into the line.

    For a small lab coating, the priming volume usually dominates. The coated film in the example above holds 75 µL, while the internal volume of tubing and die can be much larger, depending on tubing bore and length and on the die cavity. Measure it once for your set-up, for example by weighing the ink needed to fill the system from empty, and record it with the die and tubing configuration. Short, narrow tubing and a small manifold reduce the priming volume; they matter more for expensive inks than any change in coating speed.

    Syringe-limited length. Rearranging gives the longest coating one fill can make: Lmax = Vavail/(W·hwet), where Vavail is the ink available for coating after priming, start-up and reserve allowances. Two contrasting cases show when the syringe, rather than the substrate or the stroke, limits a run:

    Case (illustrative)VavailWhwetLmaxWhat limits the run
    Thin functional film1 mL (1,000 mm3)100 mm10 µm1,000 mmSubstrate length or axis stroke, not ink
    Thick paste or slurry layer1 mL (1,000 mm3)100 mm100 µm100 mmInk volume; a larger fill is needed

    Values assumed for illustration. Lmax = 1,000 mm3 ÷ (100 mm × hwet in mm).

    For thin films the ink volume rarely limits a single coating; the limits are the substrate size and the travel of the coating axis. For thick layers, such as electrode slurries, the syringe can run out before the end of the substrate, and the pump capacity becomes a real constraint.

    6.  Choosing the gap

    The gap is the one set-up parameter without a simple formula. It does not appear in hwet = Q/(W·U), but it decides whether that thickness can be coated at all. The low-flow limit, the thinnest wet film a bead can sustain at a given speed, is usually expressed in terms of the ratio of gap to wet thickness and the capillary number [5][4][8]. In the low-Ca, low-Reynolds-number regime, lower Ca generally permits a larger gap-to-thickness ratio; this trend need not hold when inertia becomes important [6][2].

    Illustrative calculation. For an ink with viscosity μ = 5 mPa·s (0.005 Pa·s) and surface tension σ = 30 mN/m (0.030 N/m) at U = 10 mm/s (0.010 m/s): Ca = 0.005 × 0.010 ÷ 0.030 ≈ 1.7 × 10−3. Doubling the speed doubles Ca. The ink properties are assumed for illustration; measure them at the coating temperature.

    A practical approach to the gap:

    1. Start with a gap a small multiple of the wet thickness. Ratios between roughly one and a few are common starting points in published work; the right value depends on the ink, the die-lip geometry and whether bead vacuum is used [4][8][2]. Treat any ratio as a starting point to be tested, not a specification.
    2. Zero the gap on the substrate. Use the manufacturer’s approved zeroing method on the mounted substrate. This accounts for the substrate thickness at the reference point; bow, tilt and height variation still affect the gap across the coating area.
    3. Adjust in small steps. If the film breaks into stripes or rivulets, reduce the gap or raise the flow; if liquid leaks upstream, reduce excess flow or bead vacuum and reassess the gap.
    4. Record the working range. Note the smallest and largest gaps at which a uniform film forms for each speed. Over several inks, this becomes a lab-specific map of the coating window.

    Gap and mechanical accuracy. A gap error does not change the pre-metered thickness, but it moves the operating point within the window. The relative error is what matters: a ±2 µm variation is about ±4% of a 50 µm gap but ±20% of a 10 µm gap. Very small gaps therefore demand a flat substrate, a flat, parallel die and a repeatable vertical axis, and they increase the risk of the die touching particles or the substrate.

    Bead vacuum. Where a die is fitted with an upstream vacuum box, a slight under-pressure on the upstream meniscus typically allows thinner films or larger gaps at a given speed, within its own limits [4][2]. It is a feature of the die set-up and is different from vacuum that holds the substrate flat on the stage.

    7.  Checking against published ranges

    Once Q, U, L and V are calculated, check each against the instrument. The table quotes the Levon™ SD200 and SD300 product pages; “not stated” means the page does not give the value, not that the feature is absent.

    SpecificationSD200SD300Calculator variable it limits
    Compatible substrate area200 × 200 mm300 × 300 mmW and L
    Compatible substrate thickness0.05–10 mm0.05–10 mmSubstrate choice
    Coating platform260 × 260 mm granite platform, vacuum adsorption360 × 360 mm granite platform, vacuum adsorptionSubstrate hold-down
    Y-axis speed0.002–50 mm/s0.002–50 mm/sU
    Y-axis stroke0–355 mm0–450 mmL plus start and stop lengths
    Z-axis0.001–20 mm/s; synchronous repeatability ±0.002 mm0.001–20 mm/s; synchronous repeatability ±0.002 mmG
    Contact detectionAccuracy 1 µmAccuracy 1 µmGap zero
    Injection pump controlCapacity control 0–10 mL; output speed control 0–1000 µL/sCapacity control 0–10 mL; output speed control 0–1000 µL/sQ and V
    Slot-die head widthNot statedNot statedW
    Bead vacuumNot statedNot statedGap and window
    Heated platformNot statedNot statedDrying

    Specifications as published on the Levon™ SD200 and SD300 product pages on 22 October 2026. The pages do not label which axis carries the coating motion; the Y-axis, with the longer stroke, is the likely candidate, but confirm this before planning coated lengths. The platform vacuum adsorption holds the substrate; it is not bead vacuum. Because the head width is not stated, every worked example here uses an assumed width.

    A worked range check (illustrative). For the section 4 example, Q = 5 µL/s lies well inside 0–1000 µL/s, U = 10 mm/s inside 0.002–50 mm/s, and a 150 mm coating plus start and stop lengths inside a 355 mm stroke. The upper end of the pump range is rarely the constraint for thin films: even 100 µm wet over an assumed 100 mm width at 50 mm/s needs 500 µL/s. The lower end deserves more attention. A 2 µm wet film over an assumed 20 mm width at 0.5 mm/s needs only 0.02 µL/s. The pages do not specify low-flow resolution or smoothness. Verify mean flow by timed weighing with ink density and evaporation accounted for; assess pulsation separately.

    8.  Sensitivity and error budget

    Because hwet = Q/(W·U) is a simple product and quotient, small relative errors add. To first order:

    δh/h ≈ δQ/Q + δW/W + δU/U (worst case), or the square root of the sum of squares if the errors are independent and random.
    For the dry film, add the relative uncertainty in φ: δhdry/hdry ≈ δhwet/hwet + δφ/φ.

    In many lab set-ups the largest terms are not the pump or the axis set-points but:

    • The volume fraction φ. An estimate from the recipe can differ from an effective value because of porosity, residual solvent and density. Calibrate it for the ink, substrate and drying conditions.
    • The coated width. Edge narrowing and thick edge bands change the effective width [7]. Use the actual wet coated width in the volume balance; assess the useful dry area separately, excluding edge bands.
    • Transients. The pump and the line need time to reach steady flow, and compliance in the syringe, tubing and any trapped air delays both start and stop. Thickness near the leading and trailing edges can differ from the steady value even when the set-points are right [9].
    • Temperature. Ink viscosity and surface tension change with temperature. They do not change the pre-metered thickness, but they shift the coating window through the capillary number.
    Worked example (illustrative values). Assume ±2% on Q, ±3% on the effective width W and ±1% on U. Worst case: ±6% on hwet; independent errors: √(4 + 9 + 1) ≈ ±3.7%. With an uncalibrated φ uncertain by ±20%, the dry-thickness uncertainty is dominated by φ, whatever the pump accuracy. All percentages are assumed for illustration and are not instrument specifications.

    9.  A worked set-up, start to finish

    The example below runs through a complete set-up. All numbers are assumed for illustration; they are not a recipe for any particular ink or a result from any instrument.

    1. Target. 400 nm dense dry film over a 150 × 150 mm useful area on a glass plate.
    2. Ink. A dilute precursor ink with an effective φ = 0.040, calibrated from a previous coating.
    3. Wet thickness. hwet = 0.0004 mm ÷ 0.040 = 0.010 mm = 10 µm.
    4. Width. Die and shim give an assumed coated width of 160 mm, leaving 5 mm edge bands on each side of the useful area.
    5. Speed. Choose U = 5 mm/s as a moderate starting speed. Ca at μ = 3 mPa·s and σ = 30 mN/m is 0.003 × 0.005 ÷ 0.030 = 5 × 10−4.
    6. Flow rate. Q = 0.010 × 160 × 5 = 8 µL/s (0.48 mL/min).
    7. Length and time. Coat 170 mm (150 mm useful plus 10 mm at each end for transients): t = 170 ÷ 5 = 34 s.
    8. Volume. Vcoat = 160 × 170 × 0.010 = 272 µL. Add the measured priming volume for the die and tubing, a start volume and a reserve; if priming takes 1.5 mL, load at least about 2 mL.
    9. Gap. Start at a gap a small multiple of 10 µm, zeroed on the glass surface, then adjust in small steps while watching the bead.
    10. Range check. 8 µL/s, 5 mm/s and about 200 mm of travel lie inside the SD200 page ranges quoted in section 7; the coated width of 160 mm and a 170 mm coated length fit a 200 × 200 mm substrate area. The head width must be confirmed separately.
    11. Measure and correct. Measure dry thickness at a grid of points inside the useful area. If the mean is 440 nm, the effective φ is 0.044; for the next run, reduce Q to 8 × 400/440 ≈ 7.3 µL/s at the same speed.

    Drying is outside the calculator but decides the film morphology. Many functional inks, especially perovskite precursors, need controlled drying after slot-die coating, such as gas quenching or heating, and scalable slot-die processes reported for perovskite solar cells combine the coating step with such drying control [10]. Drying is covered in Air-Knife and Gas Quenching for Blade- and Slot-Die-Coated Films, and transferring a spin-coating ink in From Spin Coating to Slot-Die and Blade: Scaling a Thin-Film Ink.

    10.  Quick-reference table

    The table gives the flow rate for a few combinations of wet thickness and speed over an assumed 100 mm coated width. For another width, scale Q in proportion: a 50 mm width needs half the tabulated value.

    Wet thicknessU = 1 mm/sU = 5 mm/sU = 10 mm/sU = 25 mm/sInk per 100 mm length
    2 µm0.2 µL/s1 µL/s2 µL/s5 µL/s20 µL
    5 µm0.5 µL/s2.5 µL/s5 µL/s12.5 µL/s50 µL
    10 µm1 µL/s5 µL/s10 µL/s25 µL/s100 µL
    25 µm2.5 µL/s12.5 µL/s25 µL/s62.5 µL/s250 µL
    50 µm5 µL/s25 µL/s50 µL/s125 µL/s500 µL
    100 µm10 µL/s50 µL/s100 µL/s250 µL/s1,000 µL

    Calculated from Q = hwet·W·U with W = 100 mm (assumed). Ink per length excludes priming and start-up volume. Whether each combination can be coated depends on the coating window for the ink, gap and die.

    11.  Keep Exploring the Slot-Die and Blade Coating Knowledge Hub

    Start here

    Slot-die and blade coating guides

    Links will be added as each article is published.

    Levon™ slot-die coaters

    • SD200 Slot-Die Coater — 200 × 200 mm compatible substrate area, Y-axis 0.002–50 mm/s over 0–355 mm, injection-pump control 0–10 mL and 0–1000 µL/s.
    • SD300 Slot-Die Coater — 300 × 300 mm compatible substrate area, 360 × 360 mm granite platform, Y-axis stroke 0–450 mm.
    • All Levon™ slot-die coaters — the slot-die coater category page.

    Questions about a specific ink, substrate or configuration can be sent through the contact form.

    12.  FAQ

    How do I calculate the flow rate for slot-die coating?

    Multiply the wet thickness by the coated width and the coating speed: Q = hwet·W·U. With thickness and width in mm and speed in mm/s, the result is in mm3/s, which equals µL/s. For example, with illustrative values, 10 µm wet over 50 mm at 10 mm/s needs 5 µL/s.

    How do I get the wet thickness from a target dry thickness?

    Divide the dry thickness by the non-volatile volume fraction of the ink: hwet = hdry/φ. For a dilute ink, φ is roughly the concentration divided by the density of the dried material. Porosity and residual solvent make the estimate uncertain, so calibrate φ from a measured film.

    How much ink do I need in the syringe?

    The coated film needs W·L·hwet; for 50 × 150 mm at 10 µm that is 75 µL. Add the volume needed to fill the tubing, die and bead, plus a reserve so the syringe never runs empty. For small lab coatings, the priming volume is usually larger than the coated volume.

    Can the calculator tell me the gap?

    No. The gap does not appear in the pre-metered formula; it decides whether the bead is stable. Start with a gap a small multiple of the wet thickness, zeroed on the substrate surface, and adjust in small steps. The workable range depends on the capillary number, the die geometry and whether bead vacuum is used.

    Why is my measured thickness different from the calculation?

    The most common causes are an estimated volume fraction that differs from the effective one, a coated width narrower than the die width, start and stop transients, and porosity in the dried film. Outside the coating window, the formula no longer predicts a uniform local thickness. Measure, recalculate an effective volume fraction, and correct the flow rate.

    13.  References

    1Kistler SF, Schweizer PM, eds. Liquid Film Coating. Springer; 1997. DOI: 10.1007/978-94-011-5342-3
    2Ding X, Liu J, Harris TAL. A review of the operating limits in slot die coating processes. AIChE J. 2016;62(7):2508–2524. DOI: 10.1002/aic.15268
    3Krebs FC. Fabrication and processing of polymer solar cells: a review of printing and coating techniques. Sol Energy Mater Sol Cells. 2009;93(4):394–412. DOI: 10.1016/j.solmat.2008.10.004
    4Higgins BG, Scriven LE. Capillary pressure and viscous pressure drop set bounds on coating bead operability. Chem Eng Sci. 1980;35(3):673–682. DOI: 10.1016/0009-2509(80)80018-2
    5Ruschak KJ. Limiting flow in a pre-metered coating device. Chem Eng Sci. 1976;31(11):1057–1060. DOI: 10.1016/0009-2509(76)87026-1
    6Carvalho MS, Kheshgi HS. Low-flow limit in slot coating: theory and experiments. AIChE J. 2000;46(10):1907–1917. DOI: 10.1002/aic.690461003
    7Schmitt M, Scharfer P, Schabel W. Slot die coating of lithium-ion battery electrodes: investigations on edge effect issues for stripe and pattern coatings. J Coat Technol Res. 2014;11(1):57–63. DOI: 10.1007/s11998-013-9498-y
    8Lee KY, Liu LD, Liu TJ. Minimum wet thickness in extrusion slot coating. Chem Eng Sci. 1992;47(7):1703–1713. DOI: 10.1016/0009-2509(92)85018-7
    9Gutoff EB, Cohen ED. Coating and Drying Defects: Troubleshooting Operating Problems. Wiley; 2006. DOI: 10.1002/0470044136
    10Whitaker JB, Kim DH, Larson BW, et al. Scalable slot-die coating of high performance perovskite solar cells. Sustain Energy Fuels. 2018;2(11):2442–2449. DOI: 10.1039/c8se00368h
    Disclaimer: ACS Material LLC believes that the information in this guide is accurate and represents the most current information available to us. ACS Material makes no representations or warranties, either express or implied, regarding the suitability of any Levon™ instrument for any particular purpose or the accuracy of the information listed here. Specifications are those published on the Levon™ product pages on 22 October 2026; “not stated” means the page does not give the value. Final configurations are confirmed at quotation. The formulas are general volume-conservation relations; the widths, speeds, flow rates, volumes, ink properties, error percentages and thicknesses in this guide are illustrative values chosen to show the arithmetic, not measurements, process recipes or results from Levon™ equipment. Literature results are those of the cited authors under their own conditions and are not performance guarantees for any instrument.