An export credit is a loan directly to a foreign buyer of Swedish capital goods or services, such export qualifying for a loan tenor of minimum 2 years. The exporter is paid upon delivery or such other occasion as defined in the commercial contract. Most transactions are arranged by commercial banks (or exporters) and assigned to SEK prior to the disbursement of the credit. SEK has signed Master Assignment Agreements with approx. 40 commercial banks outlining the scope and terms for mutual cooperation. The loan will carry a market interest rate or a state supported interest rate (CIRR).
Read more about SEK's interest rate alternatives
SEK funded export credits are normally guaranteed by the Swedish Export Credits Guarantee Board (EKN) and larger banks in the OECD countries.
Read more about EKN and other guarantee institutions on www.ekn.se
Swedish Export Credit Corporation (publ) Klarabergsviadukten 61 - 63 P.O. Box 194 SE-101 23 Stockholm, Phone:+46 8 613 83 00 Email: email@example.com Org. No. 556084-0315