Financing of Export Credits

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Financing of Export Credits and Ship Credits

Finnish Export Credit Ltd (FEC) provides financing on OECD terms for long term export and ship credits. Finnvera’s Buyer Credit Guarantee or Ship Guarantee is always a prerequisite for the credit.

Main Terms of FEC Financing

FEC may finance the OECD term credits in euros or United States dollars. The interest rate of the credit is either a floating rate (Euribor or USD Libor) or a fixed rate (CIRR determined by OECD).

The bank arranging the credit, other banks participating the financing arrangement and the borrower sign a credit agreement that the bank transfers to FEC for financing. The bank arranging the credit is responsible for documentation and shall administrate the credit and Finnvera’s guarantee throughout the entire life of the credit.

FEC charges the borrower a case-specific margin above the base rate, a commitment fee and a handling fee for renewing the offer.

How to apply for FEC Financing

Application for export or ship financing must be filed before the supply contract is signed. FEC financing can be applied for by the exporter or the mandated financial institution for and on behalf of the exporter or the buyer.

Financing is applied for by an application below which is sent to applications.eca(at)finnvera.fi.

For further information please see Finnvera’s contact information for our export financing and large corporates’ specialists.

Co-operational banks

FEC has signed a co-operation agreement with following financial institutions:

ABN AMRO Bank N.V.

AKA Ausfuhrkredit-Gesellschaft m.b.H

Banco Bilbao Vizcaya Argentaria S.A.

Banco Santander S.A.

Barclays Bank Plc

Bank of America Europe Designated Activity Company

Bayerische Landesbank

Citibank International Limited

Citibank N.A.

Commerzbank Aktiengesellschaft

Credit Agricole Corporate and Investment Bank Helsinki Branch

Credit Suisse AG

Danske Bank A/S

Deutsche Bank AG London Branch

DNB Bank ASA

Fortis (BNP Paribas) SA/NV

HSBC Bank Plc

HSBC Bank USA, N.A.

ING Bank N.V

JPMorgan Chase Bank, N.A.

Jyske Bank A/S

KfW IPEX-Bank GmbH

Mizuho Bank Ltd.

MUFG Bank, Ltd.

Natixis

Natwest Markets Plc

Nordea Bank Finland Plc

Raiffeisen Bank International AG

Skandinaviska Enskilda Banken AB (publ)

Societe Generale

Sparebanken Vest

Standard Chartered Bank

Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation Europe Ltd

Svenska Handelsbanken AB (publ.)

The Hongkong and Shanghai Banking Corporation Limited

The Standard Bank of South Africa Limited

UniCredit Bank AG

UniCredit Bank Austria AG