EKF's cover policy
Credit period
/Buyer |
Guarantees without credit period |
Up to 1 year |
1-5 years |
More than 5 years |
| Public buyer |
Cover of public-sector buyers is subject to sovereign guarantee, i.e. a guarantee from the Ministry of Finance. |
| Private buyer |
As a rule, EKF does not provide cover for business transactions with buyers from the private sector, unless special risk reducing merits apply. |
| Bank |
EKF only accepts the most solid banks.
|
Financing through bills of exchange: Not considered - Contact EKF
Guarantees in local currency: Not considered - Contact EKF
Banks: EKF only accepts Trade Bank of Iraq