EKN’s guarantees mean more secure business and provide cover against a variety of risks throughout the entire export process. The guarantee serves as insurance against losses caused by events associated with the foreign buyer or the buyer country. Several different risks arise during the course of an export transaction, and EKN therefore offers different types of guarantee. During the production phase, there is a risk that the order will be cancelled, and the manufacturer will have already incurred costs that cannot be recouped. After delivery the exporter or lender will be exposed to credit risks, and banks take risks in connection with the use of various payment instruments. Moreover, throughout the entire transaction the buyer may require contract guarantees, which means there is a risk that issued contract guarantees may be called upon.
Our products are therefore divided into guarantee for the production period, credit guarantees, guarantees for the bank’s products and guarantees for contract guarantees. In addition to this range of products, EKN also provides guarantees in connection with investments abroad.
