EXIMBANK SHORT, MEDIUM, LONG TERM EXPORT CREDIT INSURANCE
Turkish Eximbank has started this program at 1989. The insurance policy covers both commercial and political risks and by means of its assignment to the banks as loss payee as to create a kind of collateral to reach financing for working capital needs.
Our Bank has signed a protocol with Türk Eximbank to discount the insured receivables. Please contact our Trade Centers for further information and visit Eximbank’s web site www.eximbank.gov.tr.
FINANCING AGAINST INSURED RECEIVABLES THROUGH COFACE:
COFACE is a worldwide insurance company established at 1946.
Main activities of COFACE Turkey are
- Credit insurance of both domestic and export receivables
- Rating and information services
- Management and collection of receivables
COFACE has direct presence and strategic partnership in 100 countries and serves to more than 35.000 clients in approximately 200 countries. TEB is acting as agent for COFACE and accepting the insured export receivables as collateral for the commercial loans.
Contact TEB branches for more information.