How can I use the product?
Both of these products are designed for the importer of Czech goods and services into international markets.
Export customer credit is designed for foreign non-bank legal subjects - direct importers of Czech goods or services.
Export credit line is designed for foreign banks as a refinancing source for financing the import of Czech goods and services.
What are my benefits?
- The financial resources shall be provided to the supplier on the basis of submitted documents or upon the goods delivery.
- For both products, it is usual to arrange credit insurance at the Export Guarantee and Insurance Company (EGAP).
What else do I need to know?
Both the customer credit and the credit line are provided in free convertible currencies in amounts up to 85% of the contract value. Interest rates are derived from the international interest rates increased by a margin, which reflects the risks rate, the securing quality and the credit duration.
In the credit obligation, it is the foreign subject who is in both cases the credit beneficiary but the Czech exporter will receive the financial means directly upon the delivery of the goods or services or on the basis of the submitted documents.
