Credit Insurance

 

This product provides Saudi exporters with protection against the risk of non-payment by international importers (buyers) due to commercial or political risks. It works by providing an insurance to the exporter, which then compensates the exporter if the importer fails to pay.

This product protects Saudi exporters against the risk of non-payment by foreign banks unconfirmed letters of credit, covering both commercial and political risks. The exporter obtains an insurance policy from EXIM bank, which then compensates the Saudi exporter if the foreign bank fails to honor the payment, then the Exim bank later recovers the amount from the defaulting foreign bank.

This product protects Saudi exporters from the risk of non-payment by international importers due to commercial or political risks. The exporter applies for an insurance policy contract from Saudi EXIM bank, which indemnifies the exporter if the importer defaults, and then the EXIM bank recovers the amount from the importer, sharing a portion with the exporter after deducting fees and costs.

This financial product provides protection to Saudi investors from the risk of sovereign or Sub-Sovereign entities by providing an investment insurance, the Saudi EXIM bank then assesses the risks of the project and the country and issues the insurance policy to the investor.

This product protects banks and financial institutions from the risk of non-payment on confirmed letters of credit. The confirming bank obtains an insurance policy from the Saudi EXIM bank after the foreign bank issues a letter of credit. If the foreign bank defaults, Saudi EXIM bank compensates the local bank and then recovers the amount from the foreign bank, sharing a portion with the local bank after deducting fees.

This product protects banks and financial institutions providing buyer credit financing from the risk of non-payment. The lending bank gets an insurance policy from the Saudi EXIM bank, which then compensates the bank if the importer defaults. Saudi EXIM bank recovers the amount from the defaulting importer and shares a portion with the lending bank or financial institutions, after deducting fees and costs.

This financial product protects banks and financial institutions from the risk of non-payment on project finance facilities. The lending bank or financial institution obtains an insurance policy from the Saudi EXIM bank, which then compensates the bank or financial institution if the obligor defaults on repayment. Saudi EXIM bank then recovers the amount from the obligor or contractor and shares a portion of the recovered funds with the lending bank or financial institution.

The lending bank or financial institutions obtains an insurance policy from Saudi EXIM bank, which then compensates the bank or financial institutions if the exporter is unable to repay the financing of the export working capital. Saudi EXIM bank subsequently recovers the amount from the exporter and shares a portion of the recovered funds with the lending bank or financial institutions, after deducting fees and costs.

The lending bank or financial institutions obtains an insurance policy from Saudi EXIM bank and provides financing to the exporter against their export receivables. If the importer defaults, the lending bank or financial institutions will first attempt to recover from the exporter if the financing is with recourse. If the exporter also defaults, the bank or financial institutions can file a claim directly with Saudi EXIM bank, which will compensate the bank or financial institutions for the loss.