Overview of Scheme and Product Characteristics

This scheme covers the risk of financial institutes becoming unable to collect the principal and interest of loans in Medium and long-term export transactions for which the settlement period of export proceeds exceeds two years.

• It provides coverage for domestic and overseas financial institutes becoming unable to collect the principal and interest of buyer credit loans provided on a deferred payment basis with the repayment period exceeding two years to importers or banks of importing countries in relation to medium and long-term exports of capital goods, etc.

Product Structure

Target Transactions

Export contract of which the settlement period of export proceeds (base date of credit - final payment due date) exceeds two years

Risks Covered

※ Special Reasons: Importer’s unreasonable demand to change contract conditions, importer’s request to extend the payment due date or shipping due date by one year or longer, deferment of pre-shipment payment for one year or longer, etc.