FC59A3A6-AD5F-4800-B2B4-CA8252CB1EDB2E390BE3-0999-4DE4-9170-A659A70E4788C41018E2-B6F8-4AF3-9349-E84F37E364A705FCE6A2-9D58-4CA1-AE82-82040558F4A08694A046-D28E-4408-A026-E63A5EB8B73DbackgroundLayer 1backgroundLayer 17F2D2490-335A-4991-AE5E-9488BF3BEF85backgroundLayer 1

About Export Credit Guarantees

An export credit guarantee enables exporters to secure themselves against the insolvency of a foreign customer or long-term nonpayment when selling goods or providing services with a deferred payment.

  • An export credit guarantee covers commercial (buyer’s  risks), as well as political risks.

  • An export credit guarantee provides up to 90% risk coverage concerning commercial risk and up to 95% risk coverage concerning political risk, of the total sum of an export transaction.

  • The maximum period of a deferred payment of a transaction covered with export credit guarantee can be up to 730 days (2 years).

  • The maximum amount of an export credit guarantee or the maximum amount of ALTUM obligations for losses that have incurred due to non payment by one foreign customer is EUR 2 million.

  • An export credit guarantee may cover both the buyer’s risk and the risk of the guarantor of the buyer’s obligations – bank or buyer’s associated company if having certain doubt about the liquidity of the buyer’s obligator.

  • The objective of an export credit guarantee is to cover the risks of export deals or to serve as a collateral for the receipt of financing necessary for export deals, for instance, factoring.