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East West Debt, solving defaulted trade and bank debt

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OeKB, Oesterreichische Kontrollbank, Austria
the OeKB - Oesterreichische (Österreichische) Kontrollbank AG in Vienna is Austria's main financial and information
service provider for the export industry and the capital market.
The OeKB was founded in 1946 as a
specialised banking institution, whose shareholders are mainly domestic commercial banks. OeKB's primary objective since 1950 is the promotion of exports by helping to reduce risks for Austrian companies
and protecting them against losses abroad. Its wide
range of services is available to companies, financial institutions as well as agencies of the Republic of
Austria.
- the OeKB, a Partner to Exporters
the OeKB as Austria's Export Credit Agency (ECA) acts as the agent of the Republic of Austria with Export Credit Guarantees for the insurance of export transactions. the OeKB
offers the business community customised instruments in the area of risk management for a variety
of exports, also offering the best possible
interest rates for the refinancing of exports and foreign investments.- the OeKB guarantees
- against political risks: (percentage of cover: 90% - 100%) - e.g. war, revolution, transfer risk, non payment by
public buyers, expropriation
- commercial risks: (percentage of cover: 70% - 95%) - the risk of non-payment or insolvency related to:
- Private buyers in non-OECD countries (as well as Mexico, Turkey, the Czech Republic, Hungary, Poland
and the Republic of Korea)
- Transactions in all countries with a risk period of two years or more (including pre-shipment)
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The OeKB guarantee insurance covers:
- Short, medium and long term business
- Multiple or single transactions
- Supplier or buyer credits
- Accounts receivable purchased by banks
- Austrian investments abroad
- Consulting and leasing contracts
- Bid bonds and performance bonds
- The means for financing are
generated through the issuing of bonds rated AAA/aaa by Standard & Poor's and Moody's.
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- the OeKB, a Service Provider for the Capital Market
OeKB enjoys pride of place in the Austrian financial market. - It serves as notification office for the
submission of prospectuses as required by the Capital Markets Act, acts as principal paying agent for bond
issues and administers the government bond auction acting as agent of the Republic.
- The KontrollBank also handles the
clearing and settlement of stock exchange transactions by virtue of a decree of the Vienna Stock Exchange, using an
electronic settlement system for off-floor transactions.
- As the Central Depository for Securities in Austria OeKB
acts as securities custodian and in this capacity is a member of the European Central Securities Depositary
Association (ECSDA).
- Additional capital market services include information providers such as PROFIT LINE, a data
base for shares, bonds and investment funds, and essential securities data contained in the Austrian Securities
Database (WDBO).
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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
East-West Debt has made every effort to ensure the accuracy of this publication.
Neither the company nor any contributor can accept any responsibility for -including but not limited to- errors, omissions, opinions or advice given. This publication is not a substitute for professional advice and all information is for guidance only.
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