| |
For transactions financed by short-term credits ONDD can insure political and commercial risks on open account terms, i.e. without a bank guarantee being required. For transactions without guarantee (ILC or sovereign guarantee) the guaranteed proportion is nevertheless decreased to 80 %. Cover possibilities are examined contract by contract (no credit limits). For special transactions a bank guarantee (for private buyers) or a sovereign guarantee (for public buyers) is required. The maximum credit period is 90 days.
For export transactions financed by medium/long-term credits cover cannot be granted for non-payment risk and non-transfer risk.
Transactions with public buyers/guarantors may be subject to IMF- and/or IDA-restrictions on non-concessional borrowing. |
| |
| |
|
Short term and
special cash transactions |
Medium/long term
and investments |
| |
ONDD's ceilings for this country have been set at: |
60 mn EUR |
90 mn EUR |
| |
| |
Availabilities under these ceilings to cover new transactions are: |
normal | normal |
| |
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 50 %.
The possibilities for cover of these transactions and credits by ONDD are described above.
ONDD insures investments in this country against war risk, but is reluctant to insure 1) the risk of expropriation and government action and 2) the transfer risk regarding payment of dividends or repatriation of capital. Each application is nevertheless decided case by case on the basis of a detailed analysis.
Last update: 05/15/2013
|
|
 Country risks summary table
In order to receive an overview of the risks for all countries, consult the country risks summary table
|
Go to our country information |
|
Roam the world and visualize the risk zones :
|
|