Export Resource Guarantee

301158

The guarantee covers the recourse risk on the exporter if the beneficiary of a contract guarantee makes a request for payment under the terms of that guarantee.

100 Items

50,00€

More info

General requirements:
The counter guarantee covers the recourse risk on the exporter if the beneficiary of a contract guarantee makes a request for payment under the terms of that guarantee. This guarantee protects against events that occur from the date on which the counter guarantee is issued.

With this guarantee, the issuer, normally a bank, receives payment from the institution if the exporter fails to pay the bank's recourse claim.

The counter guarantee can cover various types of contract guarantees, including advance payment bonds and performance bonds. These are normally on-demand guarantees, where the beneficiary is entitled to demand payment from the bank without giving a reason.

The bank can apply for a counter guarantee for different types of foreign transactions associated with the export of goods and services. The institution can guarantee both small and large transactions with this guarantee.

The guarantee protects the bank's recourse claim against the exporter. This applies whether or not the exporter has discharged his obligations under the purchase agreement.

Pledge:
The guarantee is a risk-sharing arrangement between the issuing bank and the institution. The institution’s share of the risk is normally 75 per cent of the amount issued, while the bank's share is 25 per cent.

There must be an underlying export contract in order for the institution to be able to guarantee a bank guarantee. The exporter describes this in the exporter's appendix, which must then accompany the application from the bank.

The guarantee never covers more than what has been agreed in the contract guarantee, as described in the application to the institution.

The institution charges a premium, which reflects the market price for the risks and costs in the transaction. The premium is expressed as a percentage of the guaranteed amount.

The premium can be paid in advance when the guarantee is received or in installments during the term of the counter guarantee, usually quarterly in advance. The institution normally bases the premium on the bank's price for the issued contract guarantee. If the entire premium is paid in advance there is a deduction of 10 per cent.

It does not cost anything to apply for a guarantee and receive an offer. Our offer is valid for six months. After this period, the offer can be extended for periods of three months in return for a fee. If the offer results in a guarantee, the extension fee will be returned. 

The minimum premium is SEK 1,500.

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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