Bill of exchange guarantee

Apply in good time before the bill of exchange is acquired. You must attach to your application a supplementary form from the exporter describing the transaction. An application for an offer costs nothing. For some transactions you may need to give supplementary financial information about the acceptor. A form is used to apply for the guarantee. 

Apply here

EKN assesses the risks of the transaction and sends you an offer. The offer states the conditions and the premium, or in other words what the guarantee will cost you.

It is very important that you read EKN’s conditions and any supplementary conditions, prior to your requesting the guarantee, so that you know what is applicable to the guarantee.

Premium indication

When the bill of exchange is acquired you must inform EKN of this within 30 days stating that you wish the guarantee to be issued. The notification is done on a form. 

Download form

EKN issues the guarantee and you pay the premium. 

You must inform EKN of non-payment under the bill of exchange. Do not forget to protest in the event of non-payment. This must normally be done within 2-3 banking days after the due date. Payment delay must be reported to EKN within 30 days after the due date on the bill of exchange. The notification is done on a form. EKN pays compensation after a waiting period of one month. EKN also then takes over your claim.

Download form