Commercial banks play a central role in the export financing scheme (EFS) because they are important partners for exporters and their customers. As a partner working in the background, OeKB offers access to particularly attractive financing terms for a broad range of crossboarder transactions.

Brochure Export financing with OeKB

The commercial bank as the main partner for exporters

The close partnership with the Republic of Austria enables OeKB to offer extremely attractive financing in euros, US dollars, and other currencies at fixed or floating interest rates. With our excellent access to capital markets, we are able to obtain funding at very competitive rates and pass this advantage on to the export industry via commercial banks.

The financing arrangements are concluded exclusively between OeKB as creditor and a commercial bank (the “Hausbank”) as borrower. Every commercial bank in Austria and abroad with a certain minimum credit rating (investment grade) is eligible, in principle, as a "Hausbank". If your bank is interested in becoming a partner of OeKB, please contact the Financing Service Centre.

EFS for exports, production and investments

The export financing scheme (EFS) enables us to refinance a wide range of crossboarder transactions. These can be exports including production, as well as investments.

A prerequisite for refinancing under the EFS is that the underlying transaction contributes directly or indirectly to improving Austria’s current account balance or is in the country’s national interest. A project, which generates a positive effect on the current account balance, can be financed even if the Austrian supply share is a minor one. However, in any case, the transaction has to be covered by credit insurance.

Credit insurance is the basic requirement for obtaining refinancing

OekB export credits and financing for investments via commercial banks are available on the basis of the following insurance instruments:

  • Export guarantee of the Republic of Austria in accordance with the Export Guarantee Act (AusfFG).
  • Guarantee by aval of the Republic of Austria in accordance with AusfFG.
  • A comparable guarantee from a foreign export credit agency, Austria Wirtschaftsservice (aws), a private credit insurer or an international organisation.

Legal principles

The legal principles for the export financing scheme (EFS) are stipulated in two acts.

International provisions

Being licensed as a "Hausbank" with access to the export financing scheme (EFS) also means having to take account of the provisions for the prevention of money laundering and terrorist financing in accordance with national legislation and international standards.

Fighting money laundering and terrorist financing

Depending on the transaction financed, further international conditions have to be observed by the parties involved.

Underlying international conditions

An overview of the financing options

Under the EFS, OeKB offers financing for individual transactions as well as revolving credit facilities. In the case of individual financing in euros, the borrower can choose between the traditional financing option at combined fixed and floating rates ("Tranchenfinanzierung") and Euribor-based financing. For individual financing in a foreign currency, fixed-interest and floating rate financing are available. You can "lock in" the currently available interest rates for up to six months by means of a financing promise.

Financing variants under the EFS
Financing variants under the EFS

Interest rates for financing of individual transactions

You can find the current interest rates in the interest rate overview, and calculate the interest rate applicable to your transaction easily with our interest rate calculator.

Terms for financing in euros at combined fixed and floating rates ("Tranchenfinanzierung")

Interest rate arrangement
  • 5% of the total financing has a floating interest rate
  • 95% of the total financing has a fixed interest rate according to the WAL matrix
WAL matrix

A matrix based on the Weighted Average Life (WAL) of the disbursements and repayments of the total transaction: Interest rate overview

For transactions that are not covered by the published WAL limits, an individual quote can be requested. Please contact the Financing Service Centre for a quick and tailored indication.

Applicable interest rate The interest rate is derived from the corresponding combination of disbursement WAL and repayment WAL upon the issuing of the refinancing offer. The offer is created when the application for refinancing and the underlying guarantee are available. An exception applies for a promise to finance. In this case, please contact the Financing Service Centre.
Validity
  • Floating interest rate for one calendar quarter
  • Fixed interest rate for the entire credit term
Fixing of interest rates
  • Fixed interest rates generally published monthly and constantly reviewed
  • Floating scheme interest rate published for one calendar quarter in advance

Terms for financing based on Euribor

Interest rate arrangement 3M/6M Euribor plus margin as per WAL matrix
WAL matrix

A matrix based on the Weighted Average Life (WAL) of the disbursements and repayments of the total transaction: Interest rate overview

For transactions that are not covered by the published WAL limits, an individual quote can be requested. Please contact the Financing Service Centre for a quick and tailored indication.

Applicable margin The margin is derived from the corresponding combination of disbursement WAL and repayment WAL upon the issuing of the refinancing offer. The offer is created when the application for refinancing and the underlying guarantee are available. An exception applies for financing promissory notes. In this case, please contact the Financing Service Centre.
Validity
  • Euribor according to the interest period for every three or six months
  • Margin for the entire credit term
     
Time at which margins are set
  • Generally set monthly with ongoing verification

Further EFS financing options

You can find information on framework credits on the pages:

Framework credit for large enterprises (KRR) and Framework credit for SME (export fund). You can find information on concessional financing on the Soft Loan page.
 

Online tools and documents for banks

In addition to the interest rate calculation, we offer further practical online tools for the processing of export financing: The “Online export financing” system (OLEF), the EFS reporting, and the “Account Information” application.

Easy access to your refinancing with OLEF

Online Export Financing (OLEF) lets you inspect your credit accounts, which are managed at the PES/Group Financing department of OeKB.

The OLEF system offers you:

  • insight into credit accounts
  • insight into credit files (documents)
  • input of capital movements

Your refinancing at a glance with EFS reporting

With EFS reporting, you can quickly and easily generate reports on your refinancing arrangements in the EFS. You can get an overview of current data such as financing conditions and revenues for all of your transactions and also enjoy access to historic data.

“Account Information” for reliable monitoring of your payment transactions

With the online “Account Information” application of OeKB, you can view the account balances and revenues for your OeKB accounts conveniently and in real time. For more information, contact account.info@oekb.at.

One login for all systems

Your confidential data are ideally protected in both systems. This is ensured by the personal login and encrypted data transfer. You can access OLEF, EFS Reporting, and Account Information with a single login via the OeKB Login Portal.

Registering with the OLEF Service Centre

If you would like to use OLEF, EFS Reporting or Account Information but do not yet have a user account, please contact an OeKB Login Portal administrator or OLEF administrator in your company. Should your institution not yet use the online applications OLEF and EFS Reporting, you are welcome to call our OLEF Service Centre by phone at: +43 (0)1 53127-1100.

Application form with password protection

In addition to the online tools OLEF and EFS Reporting, we offer the EFS application form for principal banks and other useful informational documents via the OeKB Login Portal.

OeKB Login Portal

Contact us

If you require more detailed information, an individual consultation or principal bank status, please do not hesitate to contact us.

Financing Service Center
T +43 1 53127-1717
F +43 1 53127-5533
finanzierung@oekb.at

Log in now!

Log in to the OeKB Login Portal to download application forms and other documents for the EFS.