Buyer credit insurance

• Covers financial institutions lending to foreign buyers of French exporters against commercial and political risk of an international buyer/borrower defaulting on payment for a French export contract
• Beneficiaries: Sovereign, sub-sovereign, public owned entities, banks or corporates, or structured and project finance transactions
• Typically, insurance cover is 95% (aircraft can be 100%)
• Financing modalities:
  - Bpifrance Assurance Export covers commercial loans to foreign buyer
  - Bpifrance Financement can make loan to buyer with Bpifrance Assurance Export cover for 95% of the eligible contract; loans range from EUR 5 million to USD 75 million 
• Risk premium may be paid upfront or capitalized

Supplier credit insurance 

• Available to French registered exporters
• Bpifrance Assurance Export risk premium can be financed
  - Cover: Conditional on political risks, force majeure, and non-payment commercial risks
  - For French exporters with turnover less than EUR 150 million, up to 100%  
  - For all other French exporters, up to 95% 
• Tenor: Minimum of 2 years
• Premium: Bpifrance Assurance Export shares the commissions of the issuer
• Financing modalities:
  - Bpifrance Assurance Export provides direct cover
  - Bpifrance Financement repurchases loans made by the French exporter to its foreign buyer in amounts from EUR 1 million to EUR 25 million with Bpifrance Assurance Export cover required up to 100% (on a case-by-case basis)

Foreign investment insurance 

• Available to all companies incorporated under French law
• Protects sustainable foreign investment against political risks
• Insurance can be extended to banks supporting the French foreign investments
• Cover:
  - Non-transfer
  - Damage to property
  - Non-recovery
• Tenor: Between 3 to 20 years from the time of investment

Additional products

• Market prospection repayable advance:
  - Available to all French registered companies with turnover of less than EUR 500 million
  - Covers commercial failure of prospecting costs not offset by sales in a geographical area for a period of 5 years
  - Products: Foreign prospection insurance, first-steps foreign prospecting insurance, and foreign prospection advance  
• Bonds: Available to French exporters needing bonds to insure their default risk to the foreign buyer
• Working capital guarantee: Covers lenders to French exporters against the risk the borrower defaults
• Exchange risk insurance: Coverage for most major currencies and other currencies on a case-by-case basis, covers FX risk for the entire contract period