EFIC's Export Finance Guarantee facility provides a guarantee and indemnity to financial institutions to lend directly to overseas buyers, thereby encouraging the banks and financiers to provide financing solutions for the export of Australian capital goods and services.

How can an Export Finance Guarantee help you?

An Export Finance Guarantee would be suitable for Australian exporters with contracts or projects:

• where the export involves capital goods and/or services that are originated substantially from Australia;
• which banks may be unwilling to finance without a guarantee and indemnity due to the associated risk (commercial or political) and/or for the lack of counterparty or country capacity;
• involving a minimum contract value of $5 million; and
• requiring the provision of a comprehensive financial package to the overseas buyer or where it may give you a competitive edge.

Features

EFIC’s Export Finance Guarantee: 

• may be denominated in any major currency, or in an acceptable local currency; 
• can support either a fixed or floating rate loan;
• provides for repayment terms and fees negotiated with your buyer that reflect the commercial contract, the needs of the buyer and EFIC's assessment of the risks involved;
• limits the loan amount to 85% of the Eligible Contract Value*;
• is consistent with the OECD guidelines applicable to the Export Credit Agencies of the OECD nations.

How the Guarantee works

1. EFIC issues a comprehensive guarantee and indemnity in favour of an acceptable bank.
2. The bank uses the EFIC guarantee and indemnity as security to provide a loan to the overseas customer purchasing your capital goods or services.
3. The bank advances the funds to you as the exporter in line with the terms of the commercial contract.
4. Your overseas buyer then repays the bank in accordance with an agreed repayment schedule.

Eligibility and Application General Eligibility Terms and Conditions Application Form For all applications or queries about how to apply, contact us at finance@efic.gov.au or call us on 1800 887 588 between 8.30am - 5.30pm, Monday to Friday (Australian Eastern Standard Time), or if outside Australia on +61 2 9201 2111.

* Eligible Contract Value is EFIC's estimate of the level of Australian and third country sourced content in the contract (80% in relation to ships), excluding costs incurred in the buyer’s country.