Finnish Export Credit Ltd (FEC) administers the Finnish interest equalisation system.
The Government of Finland is responsible for the interest support to be paid to financial institutions on the basis of the interest equalisation agreements. Therefore the interest equalisation agreements carry a BIS 0% weight for capital adequacy calculation purposes.
FEC and the financial institution arranging the export credit will enter into a co-operation agreement prior to the first transaction. The procedure of interest equalisation is based on ISDA terms. The financial institution shall have an investment grade rating for its long term funding and sufficient knowledge and experience in arranging and financing of officially supported export credits. FEC has signed co-operation agreements with a number of financial institutions.
Transactions benefitting from interest equalisation shall meet the criteria of the OECD Arrangement.
The credit is generally covered by an export credit guarantee, but the risk may also be carried by the financial institution.
For further information, please contact Finnvera’s personnel in Export Financing.
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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.
