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Lending terms and conditions
Amount
Up to 85% of the total value of the foreign economic contract
Currency
UAH, USD, EUR
Loan term
Interest rate
The type and size of the interest rate is determined by the decision of the Bank's Credit Committee
Collateral
Property income rights and ECA`s insurance under a foreign economic contract, owner's guarantee
Source of loan repayment
Insurance risks
Insurance is provided on an AllRisk basis – covering the risk of full or partial failure by the borrower to fulfil their financial obligations under the loan agreement concluded with the Insurer in respect of repayment of the principal debt.
Advantages of this approach: there is no need to prove the occurrence of a particular named risk; there is only one risk – non-payment of the principal debt under the loan.
War and political risks are taken into account.
Export credit insurance products:
Basic
The risk is assessed according to the risk category of the Ukrainian exporter's country - Ukraine.
Targeted use: Only as a requirement for the export credit itself. Ongoing monitoring is not required.
Target
The risk is assessed according to the risk category of the foreign buyer (borrower) country.
Targeted use: Control over the targeted use of foreign exchange earnings is mandatory.
Corporate
The risk is assessed according to the risk category of the country where the trading company is located.
Targeted use: Control over the targeted use of foreign exchange earnings is mandatory.
The main requirements are:
- Targeted use of financing: export or production of Ukrainian goods (works, services) for further export;
- The maximum amount of loan(s) to support exports per 1 business group may not exceed UAH 90 million (in equivalent);
- The maximum debt limit (principal amount) per borrower is set individually for each bank, but may not exceed UAH 20,000,000 (in equivalent);
- The debt limit (principal amount) of the borrower does not exceed 85% of the amount of the foreign economic agreement (contract) for which the export credit(s) is granted;
- The debt limit (principal amount) of the business group does not exceed 85% of the value of the foreign economic agreement(s) under which the export credit(s) is granted;
- The loan term is no more than 5 years.
Limitation:
EKA insures the Ukrainian export of all works and services, as well as goods in accordance with the UCT codes of the Economic and Monetary Union, taking into account the restrictions established by Article 8 of the Law of Ukraine "On Financial Mechanisms for the Promotion of Export Activity".
Online check of the UСT ZED code is available at the link.
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