Export guarantee | Bank as Guarantee Holder

301153

The guarantee protects against events that occur from the date on which the claim arises, which is normally when payment is made. Payment must be made directly to the exporter.

100 Items

50,00€

More info

General requirements:
This guarantee is for creditors loss addressed to banks financing export contracts.

The warranty covers the risk if your loan takers abroad fail to pay the claim under the contract. This warranty protects against events that occur from the date when the claim arises, which is when the payment to the exporter made. Disbursement of the loan shall be made directly to the exporter.

With the guarantee, the bank compensation if the borrower does not pay, making it easier for the bank to offer credit. Trades can also be guaranteed.

You can apply for a guarantee for creditors loss for different types of transactions with abroad, for both exports of goods and services exports.

You can choose either insurance against political events only or insurance against both political and commercial events.

Pledge:
The guarantee normally covers 95 per cent of the claim, which means the excess is 5 per cent. It is also possible to opt for higher excess, which will lower the premium for the guarantee.

The institution will only indemnify the bank for non-payment of a conclusively established and due claim. 'Conclusively established' means the borrower has not contested the claim. There has to be a clause in the loan agreement stating that the borrower is obliged to pay under the loan agreement regardless of whether the exporter has fulfilled his obligations in the purchase contract or not.

There must be a legally binding written agreement between borrower and lender and between buyer and seller.

The premium reflects the risk and structure of the transaction. The premium is expressed as a percentage of the guaranteed amount. The minimum premium is SEK 1,500.

The premium is normally paid in advance. The premium is based on the risks and structure of the specific transaction.

It does not cost anything to apply for a guarantee and to receive an offer. The offer is valid for six months.

Data sheet

Seat of applicant Sweden
Investment location Algeri, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Democratic Republic of Congo, Republic of Congo, Cote d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Reunion, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, eSwatini, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe
Business Phase Growth, Expansion, Mature, Start Up
Capital category Guarantee
Turnover (Euro) 2-10 M, 10-50 M, 50 M+
Number of Employees 10-49, 50-250, 250 +

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