From now on, export credits, bank guarantees and receivables under foreign economic agreements (contracts) will be insured on an All-risk basis, when any risk is covered, except for the provisions specified in the insurance contract. This is reported by PSC «Export Credit Agency» (ECA).

The partner program for insurance of export credits using the portfolio method has undergone the biggest changes: now ECA partner banks will be able to include in the portfolio of insured export credits not only short-term credits of up to one year, but also long-term credits of up to five years (for example, for the purchase of fixed assets or replenishment working capital).

Also, the updated products are closer to international standards, which involves minimizing the ECA's intervention in the activities of the participants of the relationship (exporters, importers, banks) and reducing the document flow between the parties to the insurance contract.

More details: https://bit.ly/498tiTY