Export FinancingAbout Product

Product description

Export financing products are designed to support export activities in unstable regions:

• Buyer’s export credit is extended to foreign buyers/ their banks to finance purchase of goods and services supplied by domestic exporters – clients of the bank - under export contracts. They enable foreign buyers to pay promptly for goods exported by Czech entities using funds available for this purpose from the loan extended by the bank.

• Supplier’s export credit is offered to domestic exporters - clients of the bank; its purpose is to finance clients' specific export receivables with deferred maturity due from foreign customers based on export contracts. They enable prompt settlement of export receivables of Czech exporters while allowing the Czech exporters to extend the payment terms for foreign buyers (importers).

• Loan for export receivables financing is offered to domestic exporters against receivables (invoices) presented with deferred maturity arising from export contracts, which serve as a collateral.

Main types of insurance with governmental support – EGAP (Exportní garanční a pojišťovací společnost, a.s.)

For all products of export financing, including guarantees and letters of credit, the governmental program for exports support can be used. Česká spořitelna cooperates closely with EGAP, a.s. utilizing all offered forms of insurance against commercial and territorial risks. These types of insurance enable to finance transactions where the bank would not be otherwise willing to accept risks arising from credit scoring of the exporter or the importer/ country of the importer.

More information can be obtained on www.egap.cz.