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What is Trusted Export Credit Guarantee Issuance service? |
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It refers to service enabling customers to be issued with an export credit guarantee certificate directly from a window of a KEB branch when conforming to specific terms by being consigned with export credit guarantee services from Korea Export Insurance Corporation, and one-stop service from providing collateral, such as trade financing or purchasing export bill of exchange, at the time of application to execution of a loan by customers is possible.
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Trusted Export Credit Guarantee Issuance service (Before shipment) |
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| Target Businesses |
An individual or a corporation managing exports |
| Target Transactions |
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Opening trade financing and related payment guarantee, a local L/C for finished products based on ¡±Trade Financing Handling Procedure related to a Bank of Korea¡¯s Total Loan Limitation¡± of Bank of Korea |
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Opening import L/C for export-purpose raw materials (including opening domestic import Usance L/C); however, excluding opening of import L/C for export-purpose raw material based on transit trade |
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| Guarantee Limitation |
Within 150 million won per same debtor |
| Guarantee Amount |
An amount (partial guarantee) multiplying a loan expected amount by a guarantee ratio (80%) |
| Guarantee Period |
1 year |
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Trusted Export Credit Guarantee Issuance service (After shipment) |
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| Target Businesses |
Small and medium businessmen (excluding cases of intracorporation or blood relationship) |
| Target Transactions |
Transaction involving purchasing of a bill of exchange or original shipping documents by a bank through general exports in a form of L/C with the payment period for export amount of within 1 year or without L/C, or consigned processing trade (excluding transit trade and OAT) transaction |
| Guarantee Limitation |
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L/C Trade Transaction: Within US$300,000 per issuing bank (bank branch) |
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Without L/C Trade Transaction: Within US$300,000 per same exporter |
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In case of having payment records between same exporters and importers: Within US$100,000 per importer |
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In case of not having payment records between same exporters and importers: Within US$50,000 per importer |
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| Guarantee Amount |
100% |
| Guarantee Period |
No limitation when satisfying terms and conditions partially |
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