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Bond Guarantee

Under a Bond Guarantee, the exporter can insure a bid bond, an advance payment bond, a performance bond or a maintenance period bond issued by a bank in favour of a foreign buyer.

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.

Applications

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.

Online Service
Switchboard

029 460 11 (weekdays 9:00 a.m. and 4:15 p.m.)

Financial advice

029 460 2582 (weekdays 9:00 a.m. and 4:15 p.m.)

Other matters

029 460 2790 (weekdays 9:00 a.m. and 4:15 p.m.)

Helsinki Headquarters

Porkkalankatu 1

PL 1010, 00101 Helsinki

Kuopio Headquarters

Kallanranta 11

PL 1127, 70111 Kuopio

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