Export Insurance: Mitigating export risk.
Whilst commercial banks and insurers will be your first source of support, if you can’t get export insurance from the private market, UK Export Finance may be able to help. UK Export Finance is the UK’s export credit agency and is the operating name of the Export Credits Guarantee Department (ECGD) – therefore all guarantees carry the full credit and standing of HM Government.
What can UK Export Finance do for you?
They can reduce the financial risks of exporting, where the private market is unable to help. In particular:
- They protect exporters – with insurance against non-payment by overseas buyers and against contract bonds being called unfairly, or for political reasons.
- They facilitate finance and bonds– with guarantees to banks to reduce the risk of providing working capital loans and contract bonds for their exporter customers.
- They guarantee or provide loans to overseas buyers – to finance the purchase of goods or services from UK exporters.