Portfolio insurance related to lending (loans) for promoting non-commodity exports
The instrument provides the financial institution with protection against the risk of the exporter's default on its financial obligations under the loan agreement, and the exporter (a small or medium-sized business) with the opportunity to obtain financing.
Insurance procedure
- KazakhExport provides the bank with insurance against the risk of default on the loan provided
- The bank provides the exporter with a loan aimed at developing and promoting non-commodity exports
- In the event of the borrower's default, KazakhExport compensates the bank for its losses
Parties of insurance agreement
- Insurer: «KazakhExport»
- Insured: borrower
Insurance coverage
same as loan amount
