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ONDD can 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.
Transactions with public buyers/guarantors may be subject to IMF- and/or IDA-restrictions on non-concessional borrowing. |
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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: |
240 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. In case of aid credits, the OECD Arrangement requires a concessionality level of at least 35 %.
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: 08/05/2010
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