Insurance of credit organization when financing a foreign counterparty
The tool allows a credit institution to have insurance coverage against the risk of non-payment by a foreign buyer for its obligations under a credit agreement
Insurance Procedure
- KazakhExport provides insurance coverage for a credit institution against the risk of default
- The credit institution provides the importer with a loan to fulfil obligations (purchase of goods/works/services) under an export contract with Kazakhstan enterprise (exporter)
- If the borrower (importer) fails to fulfil its obligations to repay the principal debt under the loan agreement, KazakhExport compensates the losses of the credit institution
Documents for application
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