Azerbaijan or Australia, Brazil or Bulgaria, Chile or Comoros. Doing business far away is rarely easy. Will the customer pay? How does the credit system and regulations differs from here in Sweden? The opportunities are vast – but so are the risks of something going wrong. This is where EKN can help. An EKN guarantee serves as an insurance policy covering your export transactions and investments abroad.
EKN exists to help Swedish business - to help you reduce your risks and improve your chances of getting your bank to finance your transactions. EKN’s directive from the government is to help improve the competitiveness of Swedish companies. Long-term credits, high-risk markets, specific transactions, small transactions – if there’s no cover on the commercial insurance market, EKN’s guarantees are there to help.
Agencies like EKN can be found in many other countries - state authorities that guarantee exporters’ payment risks. EKN’s mandate includes providing guarantees that are competitive in relation to what other export credit agencies offer, without being so generous that they subsidise Swedish exports. The premium you pay for your guarantee is intended to cover the risk that EKN is taking.