Credit Risk Guarantee

A Credit Risk Guarantee insures the exporter against credit loss related to an export transaction.

The guarantee covers the risks due to cancellation of the delivery contract prior to the delivery and/or the credit risk arising from the buyer (commercial risks) or the buyer's country (political and sovereign risks).

The guarantee can be granted for individual export transactions or for continuous deliveries. It can be used for export transactions with a short-term or a medium/long-term credit period. Cover percentage is normally 75-90 %.

As an official export credit agency Finnvera can’t grant guarantees with a risk period of less than 2 years (manufacturing period + repayment period) to the following markets:

  • EU countries except for Greece* (Austria, Bulgaria, Belgium, Croatia, Cyprus, Czech Republic, Greece, Denmark, Estonia, Finland, France, Germany, Hungary, Italy, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom)
  • Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland, USA

*The EU Commission has granted a temporary exemption to provide short-term export credit guarantees for exports to Greece until 31 December 2019.

In the case of these so-called “marketable risk countries”, the EU rules on transactions with a risk period of under two years only apply to conventional credit insurance for covering buyer risks, not guarantees for bank risks. If the payment method is a letter of credit and the guarantee used is a Letter of Credit Guarantee or some other guarantee where the risk applies to a bank, Finnvera may, under the risk-sharing principle, consider granting a guarantee for said countries.


Finnvera's online service provides a secure and easy way for submitting financing applications. Log in to the service using a 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

PDF Applications

Short term applications should be sent to luottovakuutus (at)

Long term applications should be sent to applications.eca (at)


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