OeKB, Oesterreichische KontrollBank
Export Credit Agency austria
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ECA austria

 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.

Oesterreichische Kontrollbank 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)
      • 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.to TOP top
  • 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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