Eksport Kredit Fonden (EKF) most important task is to ensure competitive conditions for Danish export, partly by providing guarantees and advice in connection with long-term export credits and partly by offering fixed interest rates and financing programmes.

Eksport Kredit Fonden is backed by the Danish State yet operates according to commercial terms and conditions.
The EKF is the only organisation on the Danish market to offer insurance against the extraordinary risks that are not covered by private credit insurance.

The EKF can also offer export credits with long maturity at fixed interest rates, a new investment guarantee for emerging markets.
EKF's aim is to ensure competitive conditions for Danish export by covering extraordinary risk. At the same time, subject to the international competitive situation and special trade policy issues, EKF must break even in the long term.

The EKF provides exporters (and banks) with direct cover for export business with a credit period of over one year.
The EKF offers cover for export business with a credit period of up to one year only to: private insurance companies and banks.
The EKF covers risks on export markets all over the world.
political risks
- Credit cannot be repaid due to transfer restrictions in the buyer/debtor's country resulting from, e.g., currency shortage, war, civil war, import or export bans but also other actions taken by foreign public authorities (including the risk of unauthorised cancellation of the contract), which make payments according to the terms of the contract impossible.
commercial risks
- Credit cannot be repaid due to the buyer/debtor's inability to pay, e.g. in the case of bankruptcy or insolvency. top

Summary of EKF guarantee products
PRODUCT	APPLICATION
I. BASIC GUARANTEE PRODUCTS FOR THE COVER OF EXPORT CREDIT RISKS
Supplier credit guarantee	The Danish exporter grants credit to the buyer. EKF provides the exporter with a guarantee, which covers the risk of default on repayment of the credit.
Buyer credit guarantee	A bank grants a credit to the buyer or the buyer's bank. The credit is based upon a loan agreement. EKF provides the lending bank with a guarantee, which covers the risk of default on repayment of the credit.
Financing guarantee	A bank grants a credit to the buyer or the buyer's bank in the form of a letter of credit, a bank guarantee or bills of exchange. EKF provides the lending bank with a guarantee, which covers the risk of default on repayment of the credit.
II. GUARANTEE PRODUCTS FOR THE INSURANCE OF SPECIAL RISKS
Contract guarantee	The Danish exporter enters into a contract with the buyer in connection with an export delivery. EKF provides the exporter with a guarantee which covers the risk of the buyer terminating the contract before the goods have been handed over to the buyer or that the buyer is declared bankrupt or insolvent before the goods are shipped from Denmark.
Project delivery guarantee	A contractor enters into a contract with the buyer. The contract covers the provision of manpower, which is remunerated on an ongoing basis. EKF provides the contractor with a guarantee, which covers risks linked to the business transaction.
Bond guarantee	A buyer demands a bond from the exporter. EKF provides the exporter with a bond guarantee, which covers the risk of granting the bond.
Investment guarantee	EKF covers Danish companies' investments against political risk on more difficult markets.
III. GUARANTEE OF EXPORT CREDIT PORTFOLIOS
Portfolio guarantee	EKF provides a private insurance company, a bank or an exporter with a guarantee, which covers the risk of default on a transaction from a defined portfolio.
IV. EXPORT CREDIT GUARANTEES FOR THE ESTABLISHMENT OF NEW PROJECTS - PROJECT FINANCING
Project financing guarantee	A bank grants credit to a company whose sole aim is to establish and run a specific project. EKF provides the bank with a guarantee, which covers the risk of default on repayment of the credit.
V. OTHER EXPORT FINANCING SCHEMES
The CIRR Programme	This is an interest equalisation programme, which allows banks to offer credit at fixed interest rates.
Mixed credits	The aim of this programme - which is administered by the Ministry of Foreign Affairs with help from EKF - is to use interest subsidies to promote investment in developing countries.
The Interest Tax Scheme	According to this programme, Danish export transactions are exempt from foreign interest tax.

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Links ECA's:
CESCE COFACE COSEC DUCROIRE EKF ECGD EDC EKN ERG EXIM EXPORTERS FINNVERA GERLING-NCM GIEK HERMES HKECIC JBIC KEIC MIGA OeKB SACE

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