Export credit financing facilitates the arrangement of financing for foreign clients who purchase Finnish capital goods. Finnvera’s subsidiary, Finnish Export Credit Ltd (FEC), offers together with Finnvera export enterprises internationally competitive export financing services.
Our products are
- fixed or floating interest rate Export and Ship Credits and
- Interest Equalisation for fixed interest rate credits arranged by banks.
Officially supported export credits can be used to finance the export of capital goods, consulting and planning services, which fulfils the OECD-terms when export benefits the Finnish economy and the Finnish interest is fulfilled.
Banks play a key role in arranging financing for export transactions and interest equalisation: the bank selected by the buyer negotiates a credit agreement that meets the terms set by FEC, and manages the credit. Thus the bank is required to have an investment grade credit rating for its funding and sufficient knowledge and experience in arranging and financing officially supported export credits.
FEC and the bank arranging the credit will enter into a co-operation agreement prior to the first financing transaction. FEC has signed co-operation agreements with a number of financial institutions.