Should your international client demand a bank guarantee, your bank requires security. With an OeKB guarantee by aval, the Republic of Austria assumes part of the domestic risk.

With an export guarantee, you can also cover yourself against political risks and potential commercial risks (unfair calling).

Fact Sheet on Assumption of risk for bank guarantees

Your situation

You are an Austrian company and your foreign business partner requires a bank guarantee:

  •  Bid bond
  •  Down-payment bond
  •  Performance bond
  •  Warranty bond
     

Our service: We take on guarantees by aval

When you receive a bank guarantee (aval) from your bank, it can burden your credit line, which can limit your financial leeway.

With a guarantee by aval, we take on some of your bank’s risk – usually 20 to 50%. This increases your liquidity and security.
 

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Your benefits:

Greater financial flexibility

A guarantee by aval increases your financial flexibility.

Few hurdles

Even possible for small contract amounts.

Universally applicable

Available for single or framework guarantees by aval.

The costs

Aval fee starting at 0.2% p.a
One-off processing fee 0.1% of the risk amount to be assumed (minimum 10 euros, maximum 720 euros)

 

How to get a guarantee by aval

  1. You bank makes an application.
  2. OeKB checks and approves the application.
  3. The Republic of Austria assumes liability.

Even more security with an export guarantee

While a guarantee by aval partially covers the domestic risk, we can also cover your bank guarantee against political risks and in the event of unfair callings.

If, for example, a bank guarantee is used lawfully (fair calling), as an embargo against your buyer country that is binding for Austria makes it impossible to fulfil the contract, we can take on the political risk affecting your bank guarantees.

The G7 guarantee is a perfect addition to a G1 guarantee for deliveries and services, which covers your project from the production phase to the last payment.

Here you can find out more about the G1 guarantee (Supplier Credit).

The costs

Handling fee  0.1% of the sum insured
(minimum 10 euros, maximum 720 euros)
Premium

0,2 - 1% p.a
The premium depends on the OECD classification of the target country

Country information
Premium calculator (only in German)

In the case of economic coverage, a supplement of at least 10% is added to the premium.

Forms required for applying for a guarantee by aval

Annual accounts for the last two years

Please send us your balance sheets for the last two years along with the forms. You can easily do this via the Electronic Balance Transfer (eBT).

Electronic Balance Transfer (eBT)

Alternatively, you can enter your balance sheet information in the balance sheet overview.

Overview of bank credits

Additional forms

Application form for the export guarantee

Should you also wish to cover yourself against political risks and unfair callings, please apply for the G7 guarantee.
 

Any more questions?

If you require more detailed information or an individual consultation, please do not hesitate to contact us.
Client Advisory Export Services
T +43 1 53127-2600
exportservices@oekb.at

Claim processing

If your rights under/out of bank guarantees covered by federal guarantee are threatened with withdrawal or non-payment due to political Events, please contact us immediatly.