Institution details

In collaboration with:

Find out more about Finpliance

Swedish Export Credit Corporation (SEK) (SEK)

Key facts

  • Established in 1962
  • Ownership: Public
Not Part of the OECD Not part of the Berne Union

Latest update: 03/12/2021

Products

  • Export financing
  • Corporate lending
  • Other products

Export Financing

  • SEK provides long term funding for Swedish export-related transactions
  • Typically used for medium and large transactions with long repayment tenors; can also be used for medium-term loans
  • Eligibility:
    - Financing usually involves a commercial bank as the arranger, and the bank, or a group of banks; also administers a loan to the foreign buyer
    - EKN is the guarantor, taking the repayment risk with a small portion of the risk retained by the arranging bank
    - SEK provides funding, and sometimes assumes the role as arranger and shares the residual risk, usually jointly with one or more banks
    - SEK manages the state-supported CIRR system on behalf of the Swedish government
    - SEK accepts other ECAs if there is Swedish interest "

Corporate Lending

  • SEK offers loans directly to Swedish exporters and exporters’ subsidiaries used to facilitate continued growth or capital expenditure
  • Financing for foreign holding companies, if loan proceeds are used in the Swedish operations
  • Tenor: Average of 5 years
  • Currency: SEK, EUR, USD, and selected local currencies (e.g., MXN and TRY)

Other Products

  • Project finance:
    - SEK may participate in structures where the sole asset is the project or in structures combining commercial loans and coverage from ECAs
    - Tenor: Long-term
    - Eligibility: Swedish exporter must be involved as a subcontractor, supplier, or project sponsor
    - Modalities: Senior loans, leasing, renting, or participation in bond structures"
  • Receivables financing (or discounting) for Swedish exporters
  • Contract guarantees: Supports Swedish exporters’ advance payment or performance bonds

Performance highlights

What's new?