Insuring financial risks of trade projects by foreign suppliers and foreign financing banks at export credit agencies is a key element of international finance transactions.

Insurance of foreign partner’s export credit is a guarantee of obtaining more favorable financing terms over longer crediting periods and more attractive loan debt repayment schemes.

Export credit agencies (ECAs) by offering credit insurance services, promote exports of the host country of foreign supplier and cover reimbursement of up to 90% in cases of non-payment, delayed payment, force majeure (including that of political nature).

General rules of the most ECAs are unified and are subject to an agreement of the Organization for Economic Cooperation and Development (OECD).

IBcontacts company offers support and consultations to ECAs, foreign financing banks, suppliers, and borrowing companies on the following issues:

• to select the appropriate ECA and financing banks;
• to select a Ukrainian bank (if necessary to involve one in the project);
• to prepare the borrower for the implementation of the project;
• to analyse possible schemes of financing and deal structuring;
• to outline features of ECAs and financing banks operation activities;
• to settle disputes;
• to preliminary estimate the creditworthiness of the borrower.

Our rich experience of cooperation with ECAs in Europe, Asia, America and the Far East, as well as our awareness of their specific approaches and requirements enable us to achieve the desired results with regard to the insurance of business relations between our clients and their partners. This, in turn, gives us a unique opportunity to minimize the initially low level of confidence in the Ukrainian companies and banks and thus to obtain more favorable financing terms.

IBcontacts cooperates with such ECAs as Euler Hermes (Germany), Atradius (The Netherlands), Coface (France), EGAP (Czech Republic), MEHIB (Hungary), GIEK (Norway), KUKE (Poland), EKF (Denmark), ONDD (Belgium), Finnvera (Finland), OeKB (Austria), SACE (Italy), EKN (Sweden), Slovak EXIM (Slovakia), EDC (Canada), US EXIM (U.S.), SINOSURE (China), K-sure (Korea), EGFI (Iran), etc.