Extended risk cover makes it easier to get paid faster

The extension applies to receivables covered by EKN’s guarantees for supplier credits, enabling more banks to offer financing on terms favourable to the exporter.

What’s new?

This extended risk cover means that, in addition to covering the risk on the buyer, the guarantee also covers the risk of the exporter failing to fulfil obligations towards EKN or the buyer – including the risk that the claim is disputed. As long as the bank has fulfilled its own obligations towards EKN, it receives comprehensive cover. This opens new opportunities for exporters to access fast payments.

Key benefits for exporters:

1. Ability to discount invoices through a bank with the backing of a strong EKN guarantee.
2. Improved liquidity without impacting the company’s existing credit limits with its bank.
3. Enables both working capital financing and risk coverage of export receivables.

Key benefits for banks:

1. The cover includes the risk of disputes in the export transaction.
2. No exposure to the risk of the exporter failing to meet obligations towards EKN.
3. Terms and conditions are designed so that the bank is only responsible for commitments within its own control.

Who can apply?

Exporting companies can apply for the extended risk cover starting March 28, 2025. An additional premium applies for the extended protection. To be eligible, companies must have been operating for at least two years, have prior experience selling the product in question, and the transaction must be reasonably proportionate to the company’s turnover and financial standing.

More information and the additional terms