Export Guarantee for trade receivables

301154

A guarantee for trade receivables with a credit period not exceeding 12 months. The guarantee protects against events that occur from the date on which the claim arises, which is normally the delivery date.

100 Items

50,00€

More info

General requirements:
With the guarantee, you get compensation if your customer does not pay, making it easier for you to offer customers credit.

You can also use the guarantee as security if you choose to allow a bank or another credit to finance the deal. When you leave the claim and rights under the guarantee to the financier.

You can apply for a guarantee for accounts receivable for different types of transactions with foreign countries: exports of goods, of services and leasing. Trades can be guaranteed.

You can apply for an offer for a limit on your buyer in one of the following currencies: Swedish kronor, euros, US dollars, Swiss francs or Japanese yen. The limit is the maximum amount, including interest; you estimate can be outstanding from the buyer at any given time over the next 12 months, taking into account factors such as payment terms and frequency of delivery.

The limit may relate to an individual transaction or several transactions during the period. After, when delivery or equivalent performance under the contract has taken place, you send a request to have the guarantee issued under the offer.

Pledge:

The guarantee normally covers 95 percent of your claim, which means your excess is 5 percent. You can also opt for higher excess, which will lower the premium for the guarantee. It does not cost anything to apply and receive an offer. You pay the premium when the guarantee is issued. The minimum premium is SEK 1,500.

The premium is expressed as a percentage of the guaranteed amount. 

Any recoveries by the institution are shared pro rata between you and them.

The institution will only indemnify you for non-payment of a conclusively established and due claim. 'Conclusively established' means your customer has not contested the claim. 

You can apply for a guarantee for trade receivables for different types of foreign transactions, namely the export of goods & services and leasing.

Guarantee for trade receivables, a maximum of 12 months' credit, may, because of EU rules can not be used for transactions to Australia, the European Union countries, Iceland, Japan, Canada, Norway, New Zealand, Switzerland and USA.

Data sheet

Seat of applicant Sweden
Investment location Zimbabwe
Business Phase Start Up
Capital category Guarantee
Turnover (Euro) 50 M+
Number of Employees 250 +

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