The higher the advance payments received from the buyer, the smaller the need for other protection measures. If the buyer requires a bank guarantee as security for advance payment, you can use Finnvera’s export guarantees as countersecurity for your bank, if necessary.
With our export credit guarantee products, you can mitigate risks associated with the buyer and the buyer’s country. Contact us and your bank as early as possible!
The export receivables guarantee is intended for export transactions with short payment periods and it enables you to insure your receivables from a foreign buyer against credit losses. The export receivables guarantee is typically used in continuous trade with the same buyer, in which the payment period is a few months.
The credit risk guarantee is intended for export transactions with long and short payment periods and it enables you to insure your receivables from a foreign buyer against credit losses. In addition, the credit risk guarantee can be used in covering risks related to the cancellation of the transaction prior to the delivery.
In addition to these export credit guarantees granted to the exporter, we offer many credit risk protection products aimed at providers of financing.