Finnvera’s Guarantee Programme for Local Currency Financing (LCF) can be utilized when the financing of the export transaction takes place in the buyers country and is denominated in the local currency. By launching its LCF Guarantee Programme, Finnvera enables buyers to reduce their exposure to foreign exchange fluctuations. The product is therefore well suited for sectors where revenues are denominated mainly in the local currency, ie. investments in infrastructure.
An LCF Guarantee is based on terms and conditions of the Buyer Credit Guarantee supplemented with additional conditions. In this context, local currencies denote currencies other than those of high-income OECD countries. The OECD Consensus also applies to the LCF Guarantee.
An LCF Guarantees can be considered on case by case basis to selected countries with sufficiently developed financial and foreign exhange markets. The currency of the target country must be convertible for current account transactions. The target country´s legislation must allow for the LCF procedure.
Attachments
Brochure (PDF)
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.
