What are Export Credit Agencies (ECAs)? State-owned “credit risk” insurer
ECA
Government-owned or -controlled entity supporting export business by providing insurance cover in connection with a commercial contract Offering funding support (not valid for all ECAs)
Insurance cover
For political and commercial risks for the lending bank as well as for the exporter Generally in form of a guarantee (insurance policy character
ECA premium
Charged for the insurance cover
Payable upfront as a flat fee or financed under ECA facility Depending on country risk (according to OECD from 01 – 7), borrower risk category, currency, tenor of the loan and financing
structure
ECA