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ONDD can grant cover export transactions financed by both short-term credits and medium/long-term credits against political and commercial risks on open account terms (i.e. without a bank guarantee being required) and without further particular conditions. For transactions with public buyers a guarantee of the Minister of Finance is required. |
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Short term and
special cash transactions |
Medium/long term
and investments |
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ONDD's ceilings for this country have been set at: |
300 mn EUR |
625 mn EUR |
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Availabilities under these ceilings to cover new transactions are: |
normal | normal |
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In conformity with the OECD Arrangement the maximum reimbursement period for medium- and long-term transactions with this country has been set at 10 years. Concessional financing is excluded.
The possibilities for cover of these transactions and credits by ONDD are described above.
ONDD insures investments in this country against 1) war risk, 2) the risk of expropriation and government action and 3) the transfer risk regarding payment of dividends or repatriation of capital. Those risks can be insured separately or in any combination possible. Each application is decided case by case on the basis of a detailed analysis.
Last update: 05/15/2013
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