Voluntary insurance of project financing Insurance of credit organization when financing a foreign counterparty
Voluntary insurance of project financing is a tool that allows a Credit institution to have insurance coverage against the risk of non-payment by a Kazakhstan enterprise (Exporter) for its obligations under the Loan agreement.
Insurance Procedure
- KazakhExport provides insurance coverage for a Credit institution against the risk of default.
- The Credit institution provides the Exporter with a loan for an investment project (project financing), the purpose of which includes the development of exports.
- In case of default of the Borrower (Exporter), KazakhExport compensates the losses of the Credit institution.
