An exporter can use the Bond Guarantee to cover the risk of unfair calling of the bond (90% coverage) or calling for political reasons (95% coverage).
The Bond Guarantee can be a counter security for a bank issuing a bond on behalf of the exporter in favour of a foreign buyer. If there is a claim, Finnvera recovers from the exporter the full indemnity paid to the bank.
The Bond Guarantee can also be used simultaneously both as a counter guarantee in favour of a bank and as risk insurance in favour of an exporter.
The Bond Guarantee coverage for the bank is decided case by case.
The bond must be limited to its amount and validity period. The bond may be given by either a Finnish or a foreign bank or insurance company. The governing law as well as the agreed arbitration/litigation procedure of the export contract will also be considered.
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.
The application should be sent to Finnvera via e-mail at eca(at)finnvera.fi.