8. The guarantee may be provided in the form of(1) a bank draft or a certified cheque made out to the Minister of Finance and the Economy;
(2) debt securities in Canadian dollars issued or guaranteed by the Gouvernement du Québec or any other government in Canada having a market value at least 10% greater than the amount of the guarantee calculated in accordance with the table in Schedule I;
(3) a security, with a waiver of the benefits of division and discussion, issued by a legal person governed by the Act respecting insurance (chapter A-32), the Act respecting financial services cooperatives (chapter C-67.3) or the Bank Act (S.C. 1991, c. 46); or
(4) an irrevocable letter of credit issued by a legal person referred to in paragraph 3.