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REC/Services/ Credit Insurance to a Buyer

Credit Insurance to a Buyer

An insurance product designed to protect Russian or foreign banks from the non-repayment risk of the credit granted to a foreign borrower (the buyer or the buyer's bank) for payment under a contract for goods (services or works) exported from Russia.

What is an Insurance Object?

Credit granted by a bank to a foreign borrower (the buyer or the buyer’s bank) for payment under a contract for goods (services or works) exported from Russia, and interest for using the credit.

Who is the Insurer?

The insurer is a Russian or foreign bank financing a foreign borrower.

What is the Term of the Insurance Contract?

The insurance term is equal to the credit agreement validity period.

Insurance Coverage

Both entrepreneurial and political default risks incurred by a foreign borrower are subject to insurance.

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