Forfaiting Insurance
We protect banks purchasing receivables under medium- and long-term export contracts from the risk of non-payment by the foreign entity.
Who is eligile?
Banks offering their customers export financing in the form of forfaiting.
Guarantee for the repayment of foreign debts
Forfaiting Insurance protects a bank against the risk of not receiving payment from a foreign company.
Full protection of your capital
KUKE can cover up to 100% of receivables purchased by a bank.
Financial security during the contract period
We are able to provide insurance cover after commencement of an export contract.
Reliability guaranteed by the State Treasury
Payment of compensation under Forfaiting Insurance is guaranteed by the State Treasury.
World-class insurance standards
Insurance conditions meet international standards set by the OECD.
What are the terms of the partnership?
Subject of the insurance
The subject of insurance are undisputed receivables purchased by a bank due from foreign buyers, arising from deliveries of goods and services by Polish exporters (with credit period of at least two years).
Debt purchase
Receivables should be purchased no later than seven days prior to the date of payment of the first insured receivable.
Credit risk
The insurance covers post-shipment risk i.e. the risk occurring after the delivery of goods or completion of services and concerns the inability to recover receivables due from a foreign buyer. Insurance cover is available for causes of loss qualified as commercial risk and political risk.
OECD rates
Our premium rates are harmonized with the OECD minimum premium rates system adopted by countries which have signed the so-called OECD Consensus.
Do you have questions?
Please contact us.
Adam Grzybowski
+48 885 855 553
Rafał Szymczak
+48 727 481 832
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