Cf - Annex No. 1 - Basic terms and conditions - insurance of middle-term and long-term export supplier's credit financed by the bank

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Annex No. 1
to the application for insurance of a Medium and Long Term Export Supplier Credit
Financed by a Bank against the Risk of Non Payment – Cf
Basic terms and conditions - insurance of medium and long-term
export supplier's credit financed by the bank „Cf“
  • the maximum credit amount is 85% of the export contract value1
  • the share of value of supplies of goods and services originating in the Czech Republic in the total export value2 is higher than 50%,
  • the share of Local Costs does not exceed 15%, or exceptionally 30% of the export contract value2,
  • trouble-free credit history3 of the entities4,
  • environmental and social impact assessment and non-application of international sanctions
  • the entity4 has existed and executed the activity being the subject of export for no less than 2 years before submitting the application for insurance of a Medium and Long Term Export Supplier Credit against the Risk of Non Payment or its activity follows up on the activity of its legal predecessor, carried out for no less than 2 years before submitting the application for a Medium and Long Term Export Supplier Credit.

1 price agreed in the Export Contract

2 The export contract value according to the OECD Consensus represents the value of supplies from the Czech Republic and third countries, i.e. the export contract value less the value of local supplies, so called Local Costs

3 The trouble-free credit history shall be interpreted as absence of record on default payment for the entity (exporter, importer, guarantor) in the Central Credit Register maintained by the ČNB or another similar credit register or register of information in the term of no less than last 5 years.

4 persons participating in the export - bank (except for a bank with registered office in the CR – as per the Bank Act), importer or guarantor and exporter

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