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What is it?

Buyer Credit Cover is a State-guaranteed product which directly covers non-repayment of export financing caused by political, monetary, and catastrophic events, and may also include commercial risk, regardless of the operations’ credit term.

Who can apply?

This product is intended for all credit institutions that finance the export of goods and services with national content. Insurable credits are classified as those arising from financing operations to importers (individual operations or credit lines) or to exporters (pre-financing).

Which transactions are eligible?

Financing to importers (single risk transactions or dredit lines) are eligible - these transactions may include the cover of ILC, leasing and project finance transactions.

In the case of transactions with a repayment term equal to or greater than 2 years, the OECD Consensus general terms and conditions apply.

What are the advantages?

  • Study of the transaction, as well as the economic and financial situation of the importers and country isk
  • Technical support in ​the analysis of international contracts
  • Provides the exporter with access to financing
  • The credit risk is shared, according to the insured proportion
  • Follow-up of covered risks to prevent possible non-compliance
  • Compensation for losses caused by non-payment of credit in the insured proportion

The information provided on this page does not exempt the consultation of the legally required pre-contractual and contractual information.