Finnvera's New Export Credit to the buyer

For whom

Export credit can be granted to a creditworthy foreign buyer. The security and/or need for a guarantor is assessed on a case-by-case basis according to the credit risk.

The credit can be granted to the following countries: Brasil, Chile, South Africa, Spain, Great Britain, Kenia, Mexico, Norway, Paraguay, Sweden, Germany and Vietnam. If the buyer (borrower) is located in a country outside the list, the eligibility of the country is determined on a case-by-case basis based on exporter's inquiry.

Preconditions for Export credit

• The maximum credit amount is EUR 20 million.

• The maturity of the credit is at least 2 years.

• Credit currencies are EUR and USD

• Floating or fixed rate credit are available

• Export transactions must have a sufficient Finnish content

• The buyer must pay to the exporter an advance payment of at least 15%, typically before the first drawdown of the credit

• The credit must be repaid in equal and semi-annual instalments

• The credit is subject to the terms of the OECD Arrangement
  
  

Application and necessary information

The exporter must apply for the export credit before signing the export contract. With the same application, the exporter can also apply for Finnvera's credit risk guarantee, if necessary, to cover the risk related to manufacturing period and receivables. For the credit assessment of the borrower e.g. the following information is needed:

• Consolidated financial statements of the borrower for the last three years and any other financial information

• Information needed to fulfil the Know Your Customer obligation, KYC

• Information needed to assess environmental and social impacts and risks
  

More information & instructions on the export credit

If you would like to discuss about financing for your company or portfolio company, please feel free to contact our experts. You can find our team's contact details here.

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