Insurance of the Exporter’s Legal Liability on Forward Currency Transactions | Export insurance company «KazakhExport»

Insurance of the Exporter’s Legal Liability on Forward Currency Transactions

The tool provides insurance protection to banks against the risk of default by exporters of obligations under currency term contracts

Insurance procedure
  • The exporter shall apply to the bank for the conclusion of a forward transaction for currency risk hedging
  • KazakhExport, the exporter and the bank shall enter into an exporter’s civil liability insurance contract for forward currency transactions
  • The exporter shall deliver its products/- services to the importer
  • The importer shall pay the exporter for the supply
  • If the exporter fails to perform its obligations to the bank under the forward transaction, the exporter shall compensate the bank for losses

Documents for application