Background
Financing of foreign trade participants under the insurance coverage of export credit agencies allows the customer to get comfortable terms of a credit transaction on competitive terms.
IBEC provides corporate clients with the opportunity to implement medium-and long-term transactions, including within the framework of structured financing, implementation of large investment projects and foreign trade contracts, using credit insurance mechanisms and other instruments from local ECAs.
Specifics of ECA covered financing
Possibility of obtaining long-term financing on favorable terms
Transaction must comply with the ECA requirements in the supplier’s country

Advantages

Expertise and consultations at all stages of transaction’s structuring and implementation
The bank has experience of interaction with ECAs in various countries and is ready to assist the client throughout the entire process — from negotiating a draft contract to a successful completion of the transaction
Long-term financing
Depending on the delivered product, the financing period may vary from 2 to 7 years and beyond
Possibility of financing the ECA premium (up to 100%) and a certain share of local costs
Possibility is determined by the insurance rules of the relevant ECA and by the terms of the specific transaction
Terms of provision
Participation of a resident of the IBEC member country in a transaction (as an exporter or importer, supplier/buyer, etc.)
Conducting compliance procedures for the transaction and the participants of the transaction, including exporter and importer business profiles
Provision of a contract copy, as well as other related documents (depending on the terms of the transaction)
Provision of collateral acceptable to the Bank by the buyer
Signing of credit and security documentation
If necessary (depending on the structure of the transaction) — availability of a limit on the counterparty’s serving financial institution
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