When a small- and medium-sized exporter receives a loan in foreign currency from a bank based on export fulfillment documents, but fails to repay the loan upon maturity, K-SURE compensates the bank for losses.
Export credit guarantee (comprehensive negotiaton) is not subject to importer limitations. Small- and medium-sized exporters can receive loans for all importers using one export credit guarantee (comprehensive negotiaton) issued.
Target Transactions
In principle, the loan is provided for export transactions subject to customs clearance, and the loan period is within 180 days.
However, for companies with high credit ratings as determined by K-SURE, loans for export transactions not subject to customs clearance are also permitted within the validity of the guarantee concerned.
(If the credit rating has decreased at the review for re-guarantee issuance upon expiration of the previous guarantee period, use of the product for export transactions not subject to customs clearance may be limited.)
