Bank loan collateral
End of applications:
continuous recruitmentOwn contribution:
noFinancing type:
insuranceWhat should you know?
- The insurance will allow you to obtain compensation in case of non-payment by the contractor
- If you want to apply for the insurance, you must have an insurance policy for trade receivables
What will you gain?
The insurance of trade receivables offered by Export Credit Insurance Corporation (KUKE), guarantee indemnity in case of payment failure. The assignment of these rights (renouncing them) to the bank may constitute as the required collateral to obtain a loan. In a similar manner you can also assign rights to indemnity in order to secure the factoring.
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What are the requirements?
If you want to secure the bank loan, you need to first apply for the trade receivables insurance policy. Learn more about the receivables insurance offered by KUKE.
What are the stages?
Bank loan collateral is divided into following stages:
- Export contract.
- Insurance agreement.
- Insurance agreement as collateral for financing/ refinancing of the export contract- assigment of rights to future indeminities.
- Financing/refinancing of the export contract.
- In case of non-payment from the buyer, indemnity is granted to the bank.
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Responsible subjects
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