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OFFICIALLY-SUPPORTED EXPORT CREDITS AND SMALL EXPORTERS - page 7 / 10

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Table 2. Examples of special products for small exporters

Australia (EFIC)

Austria Belgium (OND) Canada (EDC)

Denmark (EKF)

Finland

Germany (HERMES) Hungary (MEHIB) Korea (K- EXIM)

Mexico

Short-Term Products

Export Payment Protection Policy

SME policy and whole turnover policy

Export Protect ; Export Check

Reinsurance agreements for small firms; portfolio agreements with banks to cover ILC confirmation

Simplified comprehensive cover scheme for SMEs Partner package for SMEs

Special provisions for SME export-related loans, including fixed rate lending, wider scope of items eligible. and lower lending and transaction amount limits. Small Business Export Credit Guarantee (GLIEX)

Performance Bond Facility; Documentary Credit Guarantee

for SMEs

Osterreichischer Exportfonds BmbH

Simplified Buyer Credit Process, Pre-Shipment Financing Guarantees

Masters Accounts Receivables Guarantee (MARG); Pre-Shipment Working Capital programme. Export Ease programmes.

Portfolio coverage of all medium-term transactions of small firms

Financing and guarantees to support SME working capital needs and internationalisation efforts

Small Buyer Credits

Insurance against exchange risk for SMEs

Medium- and long-term Products Advance Payment and

Other products

Export Working Capital Guarantee

Netherlands

Export Credit Insurance

Starters in Foreign Markets programme

Poland

Spain Sweden (EKN) Turkey (Turk Eximbank)

Special provisions for export credit insurance for SMEs, including for high risk countries and foreign market entry costs. Policy 100 for SMEs New short-term guarantee for SMEs to be introduced in 2003. Sectoral Foreign Trade Companies Credit Programme; Pre-Shipment Export Credit Programme

United Kingdom

Recourse Indemnity Policy

Increase in amount of foreign components in UK exports

United States (Eximbank)

Short-term insurance policy for SME exports of spare parts, raw materials and consumer goods.

Working Capital Guarantee programme for SMEs; Priority Lending Program (PLP) and Delegated Authority Program (DA)

Short-term products

More OECD countries are introducing short-term products, such as export credit insurance and export-related capital guarantees, specially designed for small exporters. Sweden may launch short- term products for SMEs by early 2003. In Hungary, MEHIB has the Partner insurance package which gives protection against both marketable and non-marketable risks to small firms registered in Hungary which grant credit limits up to EUR 60 000 to each buyer and where due payment expiry in their export contracts does not exceed 180 days. In Turkey, the Sectoral Foreign Trade Companies Credit Program assists small export trading companies in their export financing needs, including through lower interest rates. Korea (K-EXIM) introduced generous provisions for export-related loans for smaller firms in 2000. The minimum lending and transaction amount limits were eased or lifted for direct loans supporting the export transactions of SMEs while the scope of items eligible was

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