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Supplier's Credit

Direct Supplier's Credit

Direct supplier's credit enables Czech exporter to finance his claims towards the foreign buyer (importer) arisen from delivery or shipment of goods and/or services.

How it works

Pictogram Legend:

  1. Export contract for delivery of goods and/or services
  2. Credit agreement
  3. Insurance policy covering credit risks*
  4. Delivery of goods and/or services
  5. Disbursement of credit
  6. Payment for delivered goods and/or services
  7. Credit repayment

* Pursuant to the amendment of Act No. 58/1995, EGAP insurance is no longer a condition for the provision of supported financing. Depending on ČEB requirements, some other form of security may serve as a substitute for EGAP insurance.

Basic characteristics

Short-term credit

  • Repayment term up to 2 years
  • Credit amount – up to 100% of export contract amount
  • Interest rate – based on market interest rates (LIBOR, EURIBOR etc.)
  • EGAP insurance – "B"
  • Insured party – exporter

Long-term credit

Refinancing of Supplier's Export Credit

Refinancing of supplier's export credit enables an exporter's bank to obtain funds it can use to provide credit to the exporter under more favourable terms.

How it works:

Pictogram Legend:

  1. Export contract for delivery of goods and/or services
  2. Credit agreement on CEB's refinancing loan for exporter's bank
  3. Insurance policy covering credit risks*
  4. Credit agreement between exporter and his domestic bank
  5. Delivery of goods and/or services
  6. Refinancing loan granted to exporter's bank
  7. Credit granted to exporter from funds obtained from CEB
  8. Repayment of supplier's credit by importer
  9. Exporter repaying export credit to his domestic bank
  10. Exporter's bank repaying refinancing loan to CEB

EGAP insurance „B“ (short-term credits) or EGAP insurance – "C" (medium- and long-term credits), insured party – exporter

* Pursuant to the amendment of Act No. 58/1995, EGAP insurance is no longer a condition for the provision of officially supported export financing by CEB.

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