International cooperation

►EU - Export Credits

Arrangement on Officially Supported Export Credits (OECD Arrangement)

A part of measures for improvement of Company's activities was the introduction of new international rules effective under the Arrangement on Officially Supported Export Credits (so-called OECD Arrangement) in 1999. They covered particularly fixing of minimum insurance premium rates for individual country risk categories and buyers in dependence on credit maturities. This was directly connected with:

  • introduction of a uniform system in classification of countries into 7 risk categories in accordance with the rules applied in the OECD,
  • introduction of a new methodology of the calculation of the insurance premium from the principal of the credit only,
  • offer of a supplementary insurance of credit refinancing costs already for the basic insurance premium,
  • possibility of a progressive payment of the insurance premium for large long-term credits, etc.

International Union of Credit and Investment Insurers - Berne Union (BU)

EGAP has been actively involved in activities of the Berne Union and at the beginning EGAP was using know-how of the most important member insurance companies of this organization. In April 1998, after a 2-year observership period, EGAP became the full member of the Union as the first institution of this type from countries of Central and Eastern Europe. In October 2002 the Czech Republic (EGAP) was a host of the Annual Meeting of the Berne Union which is organized twice a year in various member countries of the BU.

Members of the Berne Union keep the guiding principles reflecting their collective view on the international business and the purpose of the BU. These guiding principles have been implemented for individual committees.

Cooperation with foreign export credit insurance companies

EGAP co-operates closely with other credit insurance companies and has concluded with some of them co-operation or reinsurance agreements enabling cover for joint export projects on third markets.

Export credit agency Country Website
Export Finance Australia (EFA) Australia
Credendo Belgium
Eximgarant of Belarus Belarus
Bulgarian Export Insurance Agency Bulgaria
China Export and Credit Insurance Corporation China (SINOSURE) China
Exportno-importná banka Slovenskej republiky (EXIMBANKA SR) Slovakia
Eksport Kredit Fonden (EKF) Denmark
Finnvera plc Finland
Bpifrance France
Export Credit Insurance Organization (ECIO) Greece
Hrvatska banka za obnovu i razvitak (HBOR)  Croatia
Atradius DSB Netherlands
Export Credit Guarantee Corporation of India (ECGC) India
Israel Foreign Trade Risks Insurance Corporation (IFTRIC) Israel
Nippon Export and Investment Insurance (NEXI) Japan
K-Sure South Korea
Export Development Corporation (EDC) Canada
Office du Ducroire (ODL) Luxembourg
Hungarian Export-Import Bank Ltd. Hungary
The Mexican Bank for Foreign Trade (Bancomext) Mexico
Euler Hermes (EH) Germany
Export Finance Norway (EKSFIN) Norway
Export Credit Office (ECO) New Zealand
Korporacja Ubezpieczén Kredytów Eksportowych Spólka Akcyjna (KUKE) Poland
Companhia de Seguro de Créditos, SA (COSEC) Portugal
Oesterreichische Kontrollbank AG (OeKB) Austria
EXIMBANK Romania Romania
EXIAR Russia, Export Credit Agency Russia
Slovenska izvozna in razvojna banka (SID Bank) Slovenia
UK Export Finance (UKEF)   Great Britain
Compańía Espańola de Seguros de Crédito a la Exportación, S.A. (CESCE) Spain
Exportkreditnämnden (EKN) Sweden
Swiss Export Risk Insurance - SERV Switzerland
The Export-Import Bank of the Republic of China (Eximbank) Taiwan
Istituto per i servizi Assicurativi del Commercio Estero (SACE) Italy
Türk Eximbank Turkey