Insurance of medium- and long-term export receivables purchased by a bank

Forfaiting insurance facility protects the bank against the risk of not receiving payment from a foreign buyer.

What are the conditions?

  • The forfaiting insurance facility is addressed to a bank purchasing receivables due to  a Polish exporter from a foreign buyer under a supplier credit extended by the exporter in order to finance the export contract.
  • The exported goods or services must meet the criteria of Polish content.
  • The subject of insurance are undisputed receivables purchased by a bank due from foreign buyers arising from deliveries of goods and services by Polish exporters.
  • The period for repayment of the credit must be at least 2 years.
  • Receivables should be purchased no later than 7 days prior to the date of payment of the first insured receivable.
  • The insurance covers post-shipment risk i.e. the risk occurring after the delivery of goods or completion of services and concerns the inability to recover receivables due from a foreign buyer. Insurance cover is available for causes of loss qualified as commercial risk and political risk.
  • Our premium rates are harmonized with the OECD minimum premium rates system adopted by countries which have signed the so-called OECD Consensus.

How does it work?


What are the benefits?

  • We are able to provide cover after the commencement of an export contract.
  • Cover of up to 100% of insured receivables.
  • Payment of the indemnity is guaranteed by the State Treasury.
  • Banks are able to apply the zero weight risk.
  • Insurance conditions meet international standards set by the OECD.