Conditions of combating bribery in international trade
When providing state-supported export financing, Czech Export Bank complies
with the obligations arising for the Czech
Republic from the OECD Convention
on Combating Bribery of Foreign Public Officials in International Transactions.
The basic documents regulating this area are the "Anti-Bribery Convention", the Revised Recommendation of the OECD Council on Combating Bribery in International
Business Transactions, the so-called "1997 Recommendation" from the 2006
Action Statement on Bribery and Officially Supported Export Credits. Czech
Export Bank -- similarly to EGAP -- uses these OECD documents when formulating
its requirements for exporters and stipulating the procedure for assessing
compliance with the fight against corruption in specific export transactions. Other
OECD member countries are obliged to proceed in a similar way when providing official
support for exports. Compliance with these obligations is regularly
monitored by the OECD.
CEB will of course
only use this approach in the event the provision of state supported export
financing is not insured through EGAP. In all other cases EGAP will provide
similar assessment according to its internal procedures and the applicant will
be obligated to provide CEB with the results of this assessment. It is not in CEB's
interests to prolong the processing of an application for export finance in
this way. The doubling up of the same procedures with EGAP for a single business transaction is discounted in advance.
Requirements relating to clients and CEB obligations