If you agree to provide additional security in the transaction, this can reduce the uncertainty in the transaction. If this results in a clear risk improvement, EKN may offer you a lower premium for your guarantee.
Pledged assets, reservation of title and sureties are examples of additional security.
It may also be possible to reduce the premium in the guarantee by agreeing on certain conditions in the contract that is to be guaranteed.
These may include
Accepting a higher excess and/or a shortened guarantee period has an immediate effect on the premium rate in your EKN guarantee.
Please contact us if you are unsure how to control the premium in your transaction and we can come up with suggestions for possible solutions.
EKN summarises the country risk assessment in a country policy, outlining the basic guidelines we use for different countries. The country policy is regularly updated, and is is based on EKN's own risk assessment and the minimum premium levels for political risk defined in the OECD cooperation.
About country risk assessment