Since 2008, EKF has issued 300 guarantees covering credits below DKK 25 million, and 120 exporters have obtained EKF guarantees to cover and finance one or several orders to foreign customers.
The increased premium only applies to guarantees issued after 1 January 2016. Existing guarantees will retain the premium rate, and premiums for offers already issued will be retained until expiry.
Apart from increasing the premium, we will also change the criteria for credit evaluation and acceptance. Among others, in future our credit evaluation will be based on an audited account statement covering the foreign customer.