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Co-operation agreements

Co-operation between guarantee agencies becomes significant in situations where export companies have production operations in more than one country and when an export project includes deliveries from exporters in different countries.

Finnvera has concluded co-operation agreements with various guarantee agencies. These agreements form the basis for co-operation in individual projects, but they are not a necessary condition for co-operation - Finnvera may be involved in mutual projects although such a bilateral agreement does not exist.

The simplest method for involvement in projects including exports from many countries is to include the foreign deliveries in the guarantee issued by Finnvera.

Joint guarantee and reinsurance arrangements

Joint guarantee and reinsurance arrangements are practical in large-scale projects or projects involving risky markets.

In a joint guarantee, each agency covers its own national share according to their guarantee terms, and co-operation takes place mainly in the form of exchanging information.

In a reinsurance arrangement, the principal insurer is the guarantee agency in the country from where the largest share of exported share is supplied. The main insurer creates a guarantee contract for the project as a whole, and then draws up a reinsurance contract with the guarantee agency in the subcontractor's country. The subcontractor's guarantee agency usually accepts the guarantee terms of the main insurer to a large extent.

Finnvera has Joint Guarantee Agreements with:

Finnvera has Reinsurance Agreements with:

Finnvera has Co-operation Agreements with:

Online Services

Finnvera's customers can submit applications for business financing safely and securely by using Finnvera plc's Online Services.

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