Bonds concerning short-term loans financing export contracts

Bonds concerning short-term loans financing export contracts

Bonds backed by the State Treasury

Key benefits

• we limit the risk incurred by a bank as a result of short-term financing
• we are able to issue guarantees for up to 80% of the bank’s secured amount of receivables
• guarantees are irrevocable and payable upon first demand

Entities eligible
Guarantees are issued on behalf of domestic exporters. Beneficiaries are banks financing export contracts.

Subject of the bonds
Bonds cover losses incurred by a bank as a result of the debtor’s failure to meet its obligations within payment term specified in a short-term loan agreement.  The bonds cover capital, interests, provisions and other bank’s receivables specified in a loan agreement.  A short-term loan means a loan up to 2 years including disbursement period and repayment period.

Costs
The rate depends on:

• exporter’s risk
• collaterals provided