Institution details
ECGE E - Export Credit Guarantee Company of Egypt (ECG Egypt)
Key facts
- Established in 1992
- Ownership: Private
Not Part of the OECD
Part of the Berne Union
- 5 El Nast Road, Nasr City, 4th Floor
- +202 2263 6740/ 6745 / 6762
- https://www.ecgegypt.net
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | B- |
Country rating | S&P | Local currency | B- |
Products
- Supplier credit
- Factoring
- Export debt recovery
Supplier credit
Insures Egyptian exporters against non-payment
Tenor:
- Short-term: Up to 1 year for raw materials, intermediary products, and finished goods
- Medium-term: Up to 5 years for engineering products, construction, machinery, and equipment
Cover: Commercial and political risks
Factoring
Export factoring: Finance, protection, and collection through the purchase of export sales invoices without recourse to exporter
Import factoring: Issue guarantees on Egyptian importers to facilitate importation through open account transactions without cash collateral or bank guarantees
Export debt recovery
ECGE monitors and recovers overdue accounts for Egyptian exporters through a network of overseas debt collector partners
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short/medium/long-term | Comprehensive | 100% |
Insurance | Short/medium/long-term | Political | 100% |