The Bill of Exchange Guarantee applies to situations where an exporter has granted a foreign buyer credit for purchasing Finnish goods and the buyer has accepted the payment terms and the bill of exchange as the debt instrument. With the security provided by the guarantee, the exporter can sell the bill of exchange without recourse to a bank and improve liquidity by converting receivables to cash.
Finnvera issues guarantees of less than 2 million euros without any security requirements and using a simplified process, documentation and a predictable pricing model. In addition, Finnvera collects information on bills of exchange in various countries. The simplified guarantee can also be applied to larger export transactions if the credit risk is low.
Finnvera's online service provides a secure and easy way for submitting financing applications. Log in to the service using your personal banking ID or your Katso ID.
You may also submit the application in paper form. Complete the financing application form below and send it to Finnvera via email using the address mentioned in the form.