Under the FEC financing scheme Finnish Export Credit Ltd (FEC) provides financing for long term export and ship credits to ensure the competitiveness of Finnish exporters.
FEC and the financial institution arranging the credit will enter into a co-operation agreement prior to the first financing transaction. Supplemental agreements will be made in connection with every single transaction. By such supplemental agreements the credit will be assigned and transferred to FEC.
The financial institution has an important role in the arrangement of financing an export transaction and thus the financial institution is required to have an investment grade credit rating for its long term funding and sufficient knowledge and experience in arranging and financing officially supported export credits. FEC has signed co-operation agreements with a number of financial institutions.
Transactions financed by FEC shall meet the criteria of the OECD Arrangement.
FEC financing is always covered by a guarantee issued by Finnvera.
For further information, please contact Finnvera’s personnel in Export Financing.
Links:
Finnvera's customers can submit applications for business financing safely and securely by using Finnvera plc's Online Services.
Telephone service is available from Monday to Friday between 8:00 a.m. and 4:15 p.m.
Finnvera provides financing for the start, growth and internationalisation of enterprises and guarantees against risks arising from exports. Finnvera strengthens the operating potential and competitiveness of Finnish enterprises by offering loans, domestic guarantees, venture capital investments, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and other providers of financing.
Finnvera is a specialised financing company owned by the State of Finland and it is the official Export Credit Agency (ECA) of Finland.
