About Export Credit Guarantees
An export credit guarantee enables exporters to secure themselves against the insolvency of a foreign customer or non-payment risks
Use State support for exporters – export credit guarantee:
The guarantee covers buyer’s and political risks
Covers the risk of the guarantor of the buyer’s obligations – bank or buyer’s
associated company
Serves as additional security for guarantees or a letter of credit issued by
the buyer’s bank if there are doubts about the bank’s liquidity
Serves as a collateral in factoring or for obligations to a bank to secure
financing for other current assets
Frequently asked questions
According to the terms of the ECG agreement, the permissible delay period is 60 days. From the moment of the delay, the exporter is obligated to inform ALTUM.
The export credit guarantee can serve as additional security or buyer's insurance for the Bank/Leasing Company/Factoring Company in cases where it is unable to cover the risks of buyer insolvency or prolonged non-payment on its own.
Export credit insurance is not subject to taxes. In cases where the exporter's current tax debts exceed 1 000 EUR the issuance of the export credit guarantee is denied.
