Is EKF for you?

EKF helps Danish companies to safeguard their exports, secure competitive financing and win new export orders and markets. Perhaps we can help you too? Find out here if we meet your needs, and whether you meet our requirements.

Do we meet your needs?

EKF can help to: 1) insure you against losses on your international business transactions, 2) provide cover for your foreign buyer so he can borrow money to buy your products, 3) arrange financing while you fill your export order, 4) provide guarantees to your buyer so that choosing you as supplier gives him the best possible security.
EKF can help to: 1) protect you against loss in the event of war/civil war (external armed conflict and domestic political violence), nationalisation or if your company is prevented from trading with, or transferring money out of, the country 2) facilitate financing of your investment with a guarantee for the loan from your bank.
A working capital guarantee from EKF lets you secure a credit facility from your bank.
If you are offering your buyer abroad an extended credit period, EKF will cover the risk that you don't receive the money owed to you. Alternatively, your buyer can borrow money for the order from a bank if EKF issues a guarantee to the bank.
EKF can help to facilitate financing through a bank so your buyer has the means to buy your products.
EKF can insure you against loss if your foreign buyer fails to pay you.
If you are worried about situations such as domestic political violence, national bankruptcy, nationalisation or breach of contract by a public authority abroad, EKF can offer a guarantee to cover these risks.
A guarantee from EKF makes it less risky for your bank to offer security to your customer. EKF also offers a bond guarantee to protect you against loss if your customer draws on your bond without justification.
EKF can protect the customer against loss if you default on your offer and delivery obligations.
A guarantee from EKF will make it possible for your bank to furnish your customer with a guarantee for his advance payments.
EKF can provide you with cover for your loss if the foreign buyer cancels the order without justification.
EKF can insure you against loss on a delivery until you have issued your invoice, in case the customer refuses to accept the products or you are prevented from supplying them.
Your bank has to confirm the letter of credit, but EKF can offer to relieve your bank of a large share of the risk on the foreign bank.
EKF does not grant subsidies or any form of state aid for exports. EKF operates on ordinary commercial terms, and it costs you money to secure a guarantee. Please visit vaekstguiden.dk for information about direct state aid schemes.
As an export credit agency, EKF does not assist with either marketing or export promotion. You can look for marketing and export promotion schemes at vaekstguiden.dk, and obtain useful advice on export promotion schemes from the Danish Trade Council.
EKF can process straightforward applications for guarantees within a few days. More complex applications take longer to process, but we are committed to providing a swift and flexible service. Applications for working capital guarantees and SME guarantees for less than DKK 5 million can be submitted to EKF online by your bank.

Do you meet our requirements?

EKF can only assist you with guarantees for transactions outside Denmark.
EKF can help you even if you are not doing the actual exporting yourselves. If you are sub-suppliers to an export company, you may, for example, be eligible for our working capital guarantee.
Exports with short credit periods of up to 180 days are covered by private insurance companies such as Atradius, Euler-Hermes and Coface. EKF will often be able to help you, however, if a private insurer turns you down. We can assist by taking over all or part of the risk via a reinsurance agreement with the insurance company. Contact a credit insurance company for details.
EKF may be able to assist you with specific exports if you are offering your customers credit of between 180 days and two years on purchases. However, this is on a case-by-case basis. We may for example be able to offer guarantees for exports of industrial products, but not for consumer goods if your buyer is within the EU or OECD.
For exports with credit periods of more than two years, EKF has a wide range of schemes available. EKF can, for example, cover exporters and banks against the risk of non-payment by foreign buyers or banks. EKF can also issue a guarantee to a bank so that the bank can, with almost no risk to itself, grant your foreign buyer a loan for purchasing your products. For details, see ’How we can assist’.
Within the EU and OECD countries, you will as a rule be required to grant your foreign buyer a credit period of more than two years to qualify for EKF assistance. In some cases, EKF may be able to help you if you grant your buyer a shorter credit period of between 180 days and two years, but this is decided on a case-by-case basis. For credit periods of less than 180 days, private credit insurance companies such as Atradius, Euler-Hermes and Coface may be able to help you.
Outside of the EU and OECD you are typically required to grant your foreign buyer a credit period of more than 12 months to qualify for a guarantee from EKF. In some cases, EKF may be able to help you if you grant your buyer a shorter credit period of between 180 days and one year, but this is decided on a case-by-case basis. For credit periods of less than 180 days, private credit insurance companies such as Atradius, Euler-Hermes and Coface may be able to help you.






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