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
- Export credit agency of Kazakhstan 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, Export credit agency of Kazakhstan compensates the losses of the credit institution
Documents for application
-
pdf
