Switzerland’s government has granted an advisory mandate to Alvarez & Marsal Switzerland, worth 8.7 million Swiss francs ($9.70 million), associated with the Credit Suisse rescue.

This is according to the state procurement platform Simap.ch on Monday.

Last month, Swiss authorities engineered a takeover of Credit Suisse by rival UBS that included more than 200 billion Francs in financial guarantees, Reuters news agency reports.

Bern told UBS it could cover as much as 9 billion Francs of losses on the sale of Credit Suisse assets that are tough to value.

The report adds that UBS would cover the initial losses of 5 billion Francs.

“For the contractual implementation of the granting of the guarantee, the Confederation needs advice and support in the short term from an economic point of view,” it says on Simap.ch. Due to the banks’ merger likely to occur swiftly, the guarantee to cover losses needs to be in place immediately, it stated.

According to a Ministry of Finance spokesperson, Alvarez & Marsal would offer the government advice during negotiations to devise a detailed agreement with UBS and asset liquidation.

An Alvarez & Marsal spokesperson confirmed the mandate, the Reuters report goes on to add.

Over a week ago, the Ministry of Finance also granted a contract to the law firm Niederer Kraft Frey (NKF) to advise on the contractual implementation of awarding the guarantee. The ministry will pay as much as 10.3 million Swiss Francs for this service.

In addition, on Tuesday, UBS announced it was making changes to its $6 billion share buyback programme following the Credit Suisse takeover. Indeed, UBS said that rather than issuing new shares for the deal, it would use those already issued.

As such, within the deal, one UBS share will be exchanged for 22.48 shares in Credit Suisse, requiring a maximum of 178 million UBS shares to be used, Reuters reports.

Up to now, 298.5 million shares have been bought back under the buyback, corresponding to 8.47% of its stock, UBS stated.