The Federal Guarantees issued by OeKB insure the export of goods and/or services as well as investments.
OeKB insures commercial and/or political risks for the pre-shipment and credit period in most countries of the world, including higher risk and emerging markets for the following main categories:
- Capital goods, project services, complete plants
- Short, medium and long term
- Supplier or buyer credits
- Accounts receivable purchased by banks
- Austrian investments abroad
- Consulting and leasing contracts
- Bid bonds and performance bonds
- Project Finance and Structured Finance transactions
Large scale projects are often complex and involve the need to share risks. They are therefore increasingly carried out collaboratively by sourcing goods and services from multiple countries. The rising number of such multi-sourced projects, where different Export Credit Agencies, international financial institutions, and commercial banks are involved, result in the need of growing co-operation between export credit agencies (ECAs).
Commercial risks
Damages resulting from commercial risks - protracted default as well as the insolvency of your contracting partner or guarantor – can be covered to the extent of 70 % up to 95 %, depending on the creditworthiness of your contracting partner or guarantor.
Political risks
Depending on the OECD rating of the recipient country OeKB compensate 95% or 100% of damages resulting from political risks, such as revolution, war and warlike events, expropriation, restrictions on currency transfers and moratoria. Payment default by a public entity not eligible for bankruptcy proceedings is also deemed a political risk.
More detailed information at the OeKB's country policy list.