Buy or colla­te­ra­lise EKN-guaran­teed recei­vables

Discounting accounts receivable

There are three ways to discount accounts receivable with the support of an EKN guarantee.

As before, the rights under the guarantee can be assigned to the financier once the receivable has been sold or pledged to them. The exporting company notifies EKN of the assignment, and if payment is not received, EKN will pay compensation to the bank—provided there is no dispute between the exporter and the buyer.

There is also an option to reduce the risk of disputed receivables and further strengthen the financier’s protection in cases where the financier can ensure that the buyer accepts that the obligation to pay is independent of the export contract. This may be documented directly in the export contract or in instruments such as a bill of exchange, promissory note or letter of credit. This solution is subject to supplementary conditions to EKN’s General Conditions.

Extended risk cover for financiers

Since 2025, exporters also have the option to purchase extended risk cover for the financier. This strengthens the financier’s protection and enables them to book the risk in the transaction as a risk on EKN—that is, the Swedish state—in accordance with the EU’s capital adequacy regulations.

This extension means that, in addition to covering buyer risk, the guarantee also covers the risk that the exporting company fails to fulfil its obligations towards EKN or the buyer—including the risk of the receivable being disputed. As long as the financier has fulfilled its obligations, the protection applies regardless of the reason for non-payment in the export transaction. This means that the financier is not exposed to risk related to either the exporter or the buyer.

The purpose of this additional cover is to further improve financing opportunities for exporters by discounting their receivables under an EKN guarantee.

To be eligible for the extended cover, the exporting company must have been in operation for at least two years, have previous experience selling the product, and the transaction must be reasonably proportionate to the company’s turnover and financial standing. The cover can be used for both short- and long-term credit periods. This solution is also subject to supplementary conditions to EKN’s General Conditions.