A Buyer Credit Guarantee is a security to the lender in case of a credit risk caused by a foreign buyer, the buyer's bank or country. The exporter receives payment in cash for goods sold on credit, while the credit risks are transferred from the exporter to the lender and further to Finnvera.
The guarantee covers commercial risks and/or political/sovereign risks. The coverage provided is normally 90% (buyer risk) or 95% (bank risk) for commercial risks and 100% for political and sovereign risks when a sovereign entity acts as a borrower or a guarantor.
A Buyer Credit Guarantee can be used for various medium/long-term credit arrangements in connection with financing of the export of capital goods. Such arrangements include buyer credits for individual transactions, bank-related and project-related credit lines, ship financing, as well as forfaiting and leasing.
The guarantee can also be used for short-term exports if the buyer provides the exporter with a transferable credit instrument, e.a. bill of exchange or promissory note as payment.
The guarantee can be granted to domestic and foreign financial institutions.
As an official export credit agency Finnvera can’t grant guarantees with a risk period of less than 2 years (manufacturing period + repayment period) to the following markets:
Attachments
Online Application (open a new web browser)
Short term
Long term
Application, medium term/long term (PDF)
Anti-Bribery Declaration of the Guarantee Holder (PDF)
Anti-Bribery Declaration of the Exporter (PDF)
Description of the origins in the export contract (PDF)
Environmental impact questionnaire (PDF)
General conditions for Buyer Credit Guarantees (PDF)
Brochure (PDF)
Concessional loans can be granted to Lower Middle Income and Low Income Countries to support the economic and social development of these countries.
Concessional loans
Finnvera's customers can submit applications for business financing safely and securely by using Finnvera plc's Online Services.
(mpm/pvm)
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.
