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.