Fewer restrictions and lower premiums

Fewer restrictions and lower premiums
Swedish export credit agency EKN has announced upgraded premium classes for four countries, reduced restrictivity for 15 countries, and only one country with increased restrictivity. This is the result of a series of country policy changes that EKN decided on during November 2005.

 

Furthermore, a policy has been established for three countries, which previously had no policy fixed.

 

Aruba: the policy on sovereign risk is changed from restrictive to open for both short and long-term guarantees.

 

Bangladesh: the policy on banks is changed from restrictive to open for both short and long-term guarantees.

 

Bosnia-Herzegovina: upgraded premium class for short-term guarantees, from premium class 4 +100% to premium class 4 +50%. The policy on sovereign risk is changed from off cover to a restrictive policy for both short and long term guarantees.

 

Bulgaria: upgraded premium class for short-term guarantees, from premium class 4 to premium class 3. The policy on companies is changed from restrictive to open for both short and long-term guarantees.

 

Burkina-Faso: policy fixed for sovereign risk on short-term guarantees, on restrictive terms.

 

Ecuador: the policy on sovereign risk is changed from restrictive to open for short-term guarantees.

 

Ethiopia: upgraded premium class for short-term guarantees, from premium class 4 +100% to premium class 4.

 

Gabon: policy fixed for short and long term guarantees, open for sovereign risk and restrictive for other public buyers.

 

Guatemala: policy fixed for short and long-term guarantees, open for other public buyers.

 

Haiti: increased restrictivity for all buyer categories.

 

Macedonia: upgraded premium class for short-term guarantees, from premium class 4 +100% to premium class 4 +50%. The policy on long-term guarantees are changed to accepting private buyers.

 

Mongolia: the policy has changed to accepting private buyers for short and long-term guarantees.

 

St Lucia: the policy on sovereign risk is changed from restrictive to open for both short and long-term guarantees.

 

St Vincent and the Grenadines: the policy on sovereign risk is changed from restrictive to open for both short and long-term guarantees.

 

Ukraine: reduced restrictivity for private buyers for both short and long-term guarantees.

 

Regarding Uzbekistan the policy is now open on restrictive terms from previously off cover.