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OFFICIALLY-SUPPORTED EXPORT CREDITS AND SMALL EXPORTERS - page 3 / 10

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Table 1. Definition of small exporters

COUNTRY

EXPORT CREDIT AGENCY

DEFINITION

Australia

Austria

Belgium

Canada

Czech Rep

Denmark Finland France

Germany

Greece

Hungary*

Italy

Japan

Korea

Luxembourg Mexico*

Netherlands

Export Finance and Insurance Corporation (EFIC) Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) Ducroire/Delcredere

Export Development Canada (EDC)

Export Guarantee and Insurance Corporation (EGAP) Eksport Kredit Fonden (EKF) Finnvera plc Compagnie Française d'Assurance pour le Commerce Extérieur (COFACE) Hermes Kreditversicherungs- Aktiengesellschaft (HERMES) Export Credit Insurance Organisation (ECIO) Hungarian Export Credit Insurance Ltd. (MEHIB) Eximbank Istituto per i Servizi Assicurativi del Credito all'Esportazione (SACE) Nippon Export and Investment Insurance (NEXI) Japan Bank for International Cooperation (JBIC) Korea Export Insurance Corporation (KEIC) Korea EXIM Bank

Office du Ducroire (ODL) Banco National de Comercio Exterior, SNC (Bancomext) Nederlandsche Credietverzekering Maatschappij (NCM)

Business turnover not exceeding AUD 10 million (subject to change in the next 12 months) Common European Union definition

Annual turnover not exceeding EUR 5 million and overseas exports not exceeding EUR 0.62 million Medium-sized exporters: total annual sales between CAD 5 million to 25 million; small sized exporters: total annual sales less than CAD 5 million; emerging exporters: total annual export sales less than CAD 1 million Common European Union definition

No specific definition for SME exporters Common European Union definition No specific definition for SME exporters

Maximum 500 employees

No specific definition for SME exporters

Maximum 250 employees, less than 4 billion HUF (USD 16 000) turnover or maximum balance sheet total of 2.7 billion HUF (USD 10 800) and fulfils the interdependence criteria Common European Union definition

No specific definition for SME exporters

No specific definition for SME exporters

Maximum 300 employees and net assets not exceeding 8 billion Korean Won (USD 6.1 million) for manufacturing firms Maximum 300 employees and net assets not exceeding 8 billion Korean Won (USD 6.1 million) for manufacturing firms No specific definition for SME exporters Enterprises grossing less than USD 2 million

Maximum 99 employees

Norway

Poland

Portugal

Spain

Sweden

Garanti-Instituttet for Eksportkreditt (GIEK)

Maximum 250 employees, annual turnover less than NOK 300 million or total assets less than NOK 200 million.

Export Credit Insurance Corporation (KUKE)

Common European Union definition

Companhia de Seguro de Créditos, S.A. (COSEC)

No specific definition for SME exporters

Compania Espanola de Seguros de Credito a la Exportacion, S.A. (CESCE)

No specific definition for SME exporters

Exportkreditnämnden (EKN)

No specific definition for SME exporters

Switzerland

Geschäftsstelle für die Exportrisikogarantie (ERG)

Turkey*

Export Credit Bank of Turkey (Türk Eximbank)

United Kingdom United States

Export Credits Guarantee Department (ECGD) Export-Import Bank of the United States (Eximbank)

No specific definition for SME exporters

Maximum 200 employees with fixed assets (except for land and buildings) less than USD 2 million in manufacturing

Common European Union definition

Maximum 500 employees or net gross revenues, which differ depending on industry sector and subsector

Notes: *Country which does not participate in OECD Arrangement on Guidelines for Officially-Supported Export Credits.

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