Insurance of transactions with the Development Bank of Kazakhstan JSC related to loans for promoting non-commodity exports
The instrument provides the Bank of Development of Kazakhstan with protection against the risk of the exporter's non-performance of financial obligations under the loan agreement, and the exporter with the opportunity to obtain financing in the event of a lack of collateral.
Insurance procedure
- KazakhExport provides the Bank of Development of Kazakhstan with insurance against the risk of default on the loan provided
- The Bank of Development of Kazakhstan grants a loan to the exporter, the purpose of the loan includes export development
- In case of borrower default, KazakhExport compensates the Bank of Development of Kazakhstan for losses
