Insurance of credit organization when financing a foreign counterparty | Export credit agency of Kazakhstan

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