condition that the insured client is also an exporter and is not making business only on domestic markets. The insurance of receivables is a very favorable way of their securing, mainly for the following reasons: -
allows transfer from letter of credit, documentary collection or bank guarantee for smooth payment,
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many clients use the insurance to gain financial resources, because an insured receivable is considered a certain form of collateral,
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insurance of credits is reliable when penetrating new markets. EXIMBANKA SR is a partner of French CrĂŠdit Alliance and together with network of other agencies is able to provide high quality assessment of buyers including their payment discipline on worldwide level,
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the recovery of the receivables from a foreign debtor is included in the price. EXIMBANKA SR uses a network of specialized agencies to recover these receivables.
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upon payment of insurance indemnity, EXIMBANKA SR becomes the owner of the receivable, what improves the financial standing of the insured client.
B.
BANKING PRODUCTS DESIGNATED FOR SMES
EXIMBANKA can help the exporter by the means of its banking products: -
to have easier access to the financing of an export contract or purchase of technologies by means of a loan from a commercial bank.
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to provide direct financing of an export contract,
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to provide financing of an investment aimed at production technology for producing goods for the international market,
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to simply acquire advance payment guarantees from the foreign customer
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offers various other forms of guarantees.
Small and medium enterprises segment products: The criterion of being included into small and medium enterprises segment is annual revenue less than EUR 50 million. The main decision criteria of loan provision are the creditworthiness of the applicant and the credibility of the projects subject to the application. The decision on approval or rejection is based on the results of financial analysis and assessment of the quality of the collateral. EXIMBANKA SR requires appropriate collateral for the credit or guarantee relationship. The interest rate or the fee charge depends on the individual transaction and risk exposure. The method and extent of guarantee on loan or guarantee relationship is considered case by case, the risk of the business case is taken into account as well as the financial situation of the applicant, whereas EXIMBANKA SR, unlike the commercial banks, stresses its main mission the support of Slovak exporters in transactions on the international market. Prerequisites for provision of the products: General conditions: -
the exporter has conducted business in the respective area for more than 1 year,
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