Export Finance - ECA covered business
WestLB develops with an European approach innovative tailor-made solutions for the financing of capital goods of national and multinational companies with the involvement of various ECAs and other associated financial products on classic, structured and multi-sourcing basis.
A wide range of transactions are suitable for export credit finance from supply of capital plant / machinery through to the construction of major projects on turn key basis. The buyer may be a Government body, public sector entity or corporate, and typically finance will be arranged on the credit risk of the end-user or acceptable guarantor.
In accordance with the OECD consensus, ECA supported finance is limited to a maximum of 85% of the contract price with length of repayment geared to contract size and nature of the supply.
Our clients benefit from a number of export credit financing issues:
- The risk of non-payment being assumed mainly by the ECA
- In case of major capital goods projects, banks are able to lend more and over a longer tenor
- Multi-product capabilities and European approach within one business unit
Key Clients
Key clients range from regular exporters of capital goods to contractors undertaking capital goods projects overseas. We expand our business opportunities by our national and multi-national key clients on exporters and importers side. Furthermore we are working alongside our unique network of relationships with savings banks to develop a joint customer approach in medium and longterm export financing.
