APPLICATION FOR LETTER OF CREDIT GUARANTEE
Specify length of credit period as per letter of credit Max 12 months credit Over 12 months credit
Swedish Export Credits Guarantee Board Box 3064 SE-103 61 STOCKHOLM	Supplementary form from the exporter shall be enclosed if the credit period exceeds 12 months.
EKN’s ref no
Before filling in application – see separate instructions*
1. Applicant*	Name
Postal Address
2. Applicant’s reference
3. Exporter.* (beneficiary)	Name
Postal Address
4. Issuing bank	Name
Postal Address	Country
5. Buyer	Name
Postal Address	Country
6. Confirmed amount and currency*	a) Currency	b) Amount
7. Amount required to be guaranteed by EKN*	a) Currency	b) Amount	c) Confirming bank’s share in per cent of confirmed amount
8. Terms of payment as per letter of credit*
9. Delivery made from
10. Final destination
11. Applicant’s letter of credit assignment*	Confirm letter of credit Guarantee letter of credit

1.09e / 2016-02-23 /SAS

12. Date of issue
13. Date of confirmation
14. Last date for presentation of document
15. Has previous disposition been made under letter of credit?*	Yes, fill in item 15 as well. No
16. Information on payment history of applicant/issuing bank *	Specify previous dispositions and payment dates under letter of credit
Date for presentation of document	Due date	Payment date	Amount
17. Payable in/ negotiable in
18. Binding advance commitment	Required Date of commitment: Commitment valid to: Not required
19. Export product*
20. Premium offered by applicant
21. Guarantee commitment required to be issued in conjunction with decision on offer
22. Debarment list*	Is the applicant, any group company involved or anyone else acting on behalf of the applicant included on the World Bank’s debarment list? If yes, provide information under item 24. (A link to the list may be found at www.ekn.se ) Yes No
23. Under charge/convicted or notice served of a suspicion of crime*	Is the applicant, any group company involved or anyone else acting on behalf of the applicant under charge in a national court or has the applicant, within a five-year period preceding the application, been convicted in a national court for bribery or similar criminal act? And/or Has the applicant been served with notice of suspicion of bribery or similar criminal act, or has the applicant knowledge of anyone else, natural or legal person acting on behalf of the applicant, having been served with notice of suspicion of bribery or similar criminal act?
Yes, specify in item 24	No
24. Special information
An application shall be submitted to EKN for each letter of credit/binding advance commitment. The OECD has adopted a recommendation to combat bribery against public officials. Accordingly, and as provided by Swedish law on bribery etc. in both the public and private sector EKN requests that the applicant make the following declaration. We hereby declare that (i) we understand the importance of the development, application and documentation of an appropriate management control system to combat bribery, (ii) neither we, nor any group company involved or anyone else acting on our behalf, have given, or will give any bribe or other improper benefit in conjunction with the loan transaction specified in the application, (iii)) we are aware of the fact that EKN’s responsibility for the guarantee may lapse, and that already received amounts of compensation - including interest thereon from the date of disbursement of such compensation - shall be repaid to EKN, if we, any group company involved or anyone else acting on our behalf, have given, or will give any bribe or other improper benefit; and (iv) we will indemnify EKN for all its costs and expenses which will be the consequences of the fact that we, any group company involved or anyone else acting on our behalf, have given, or will give any bribe or other improper benefit as described above. Note that bribery in the cases stated here, among others, is a criminal offence under Swedish law, see Chapter 10 sections 5a-5e of the Penal Code. We confirm that we have studied EKN’s general conditions for letter of credit guarantees (14 March 2014.)
Company name	Contact persons (preferably 2 names)
Signature	Telephone number
E-mail
Date

FREEDOM OF INFORMATION AND CONFIDENTIALITY Freedom of information applies at EKN. Information in public documents can only be treated as confidential by EKN if so provided by the Freedom of Information and Secrecy Act. Confidentiality applies to information about an individual party’s business affairs or operations if it may be assumed that the individual party will incur damage if EKN discloses an item of information. Certain information concerning third parties is subject to absolute confidentiality.

Special instructions for completing the application Statements in this application relating to confirmed letters of credit also apply to guaranteed letters of credit. Concerning credit periods exceeding six months, EKN shall examine whether the export product can be granted this credit period. Information on the export product shall in this case be submitted under item 19. Item 1. The applicant shall be the confirming bank. Item 3. One prerequisite for EKN´s participation is that the transaction promotes a Swedish interest. This normally involves the export of Swedish products. It could also involve a transaction that indirectly leads to Swedish exports. Item 6 a, b The full amount the confirmation refers to is specified here. Where appropriate refinancing agreements shall be included in the letter of credit. Item 7 a, b A maximum of 50% of the confirmed amount is specified here. Item 7 c Regardless of what is specified at the time of the application, the confirming bank’s minimum share shall always be 25% of the confirmed amount. Item 8 For credit periods of 24 months and longer, the OECD rules shall be applied. This means a minimum down payment portion of 15%, and repayment of the credit portion in equal instalments with equal intervals of no longer than 6 months. The first repayment shall be made no later than 6 months after the starting point of credit. Item 11 The confirmed letter of credit shall be initiated by the issuing bank. The guaranteed letter of credit shall refer to a separate payment guarantee, referred to as a unilateral or silent confirmation, issued by the applicant. Item 15.16 EKN may in the case of a new application, following a customary risk assessment, permit a transfer of an existing commitment to an amount corresponding to a maximum of 50% of the new application. Item 19 Information on the export product shall be specified when the credit period exceeds six months. Item 22 The question on debarment concerns not only the applicant, but also anyone acting on behalf of the applicant and any group company involved. This means enterprises belonging to the same group as the applicant that have been involved in the issuance of the Letter of Credit or otherwise participated in negotiations around the issuance of the Letter of Credit. Item 23 Note that, with regard to under charge or conviction, not only the applicant as a legal person is covered by this question; it also concerns the applicant’s employees, employees of any group company involved or anyone else acting on behalf of the applicant. The question on knowledge if any of notice of suspicion of criminal act refers to any other natural or legal person than the applicant in its capacity as a legal person.
It is important that information in the application is correct. Incorrect or misleading information may in certain cases invalidate EKN’s guarantee. Refer to EKN’s general conditions for letter of credit guarantees in chapter 3 for more detailed information.

See definition of group company involved under item 22 in the Special instructions