Buyer credit insurance

Insures loan made to buyers of Czech goods and services

Covers commercial and political risks

EGAP will finance up to 85% of the supply contract value and requires 15% advance payment by the buyer

Tenor: Over 2 years

Premium:

• Priced according to the risk classification of the importing country, tenor of the financing, and creditworthiness of the foreign buyer
• May be paid at financial closing or as a margin on the interest over the repayment period

Financial modalities:

• Direct buyer credit: Insured entity is the bank that provides funds to the buyer
• Indirect buyer credit (bank-to-bank financing)

Supplier credit insurance

Insures Czech exporter or bank against non-payment risk of foreign buyer (importer)

Covers commercial and political risks

EGAP will finance:

• Short-term: Up to 100% of export contract amount
• Medium- to long-term: Up to 85% of the supply contract value, with 15% advance payment to the buyer required

Insurance tenor:

• Short-term: Up to 2 years
• Medium- to long-term: Over 2 years

Premium:

• Pricing determined by export volume, payment terms and conditions, risk rating of importer, country risk, and deductible amount
• Premium is fixed for the policy term

Financial modalities:

• Direct supplier credit: Insured entity is the exporter
• Indirect supplier credit: Insured entity is the bank that provides funds to importer

Insurance pre-export financing

Insures a loan made by a commercial bank to a Czech exporter for financing the production of an export

Tenor and amount:

• If maturity is up to 2 years, EGAP finances up to 85% of export value
• If maturity is over 2 years, EGAP finances up to 75% of export value

Covers commercial and political risks

Premium: Determined by amount, tenor, exporter's risk rating, and deductible amount

Other products

EGAP provides insurance for each of the following:

• Confirming letters of credit
• Investment in foreign countries (insuring debt or equity)
• Risk of inability to fulfill an export contract

Bank guarantee to support winning or performing an export contract