Credit Risk Guarantee

A Credit Risk Guarantee insures the exporter against credit loss related to an export transaction. The guarantee covers either the risks due to cancellation of the delivery contract prior to the delivery or the credit risk arising from the buyer (commercial risks) or the buyer's country (political and sovereign risks).

The guarantee can be granted for individual export transactions or for continuous deliveries. It can be used for export transactions with a short-term or a medium/long-term credit period. The guarantee normally covers 90 % of the commercial risks and 100 % of the political and the sovereign risks when a sovereign entity acts as a borrower or a guarantor

Normally, Finnvera is not allowed to cover risks that customarily can be insured by the private credit insurance companies. This is due to EU state aid regulations. These marketable risks are defined as credit risks with a payment term under two years in EU Member States and other industrialised countries. However, in June 2009, the European Commission granted Finnvera temporary permission to guarantee short term export transactions in these countries in case cover is not available from the private credit insurers. The temporary permission applies until 31.12.2010. For marketable risks, Finnvera’s coverage is 80%.

Attachments

Online Application (open a new web browser)

Short term

Application, short term (PDF)
Report of a shortcoming in the availability of export credit insurance (PDF)

Long term

Application, medium term/long term (PDF)
Description of the origins in the export contract (PDF)
Environmental impact questionnaire (PDF)

Anti-Bribery Declaration of the Guarantee Holder (PDF)
Anti-Bribery Declaration of the Exporter (PDF)
General condition for Credit Risk Guarantees (PDF)
Brochure (PDF)