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Political Risk Insurance for Hedge Banks |
As a hedge provider (e.g. for commodities), EFIC’s Political Risk Insurance – Hedge Bank policy can cover you against financial loss incurred as a result of a hedge counterparty’s non-payment of amounts, or non-delivery of an agreed quantity, due under your hedge facility, where the sole and direct cause of the non-payment/delivery arises from any of the specified political events. Typically the Hedge Bank policy is issued in conjunction with EFIC's Political Risk Insurance - Lenders policy where the facility underlying the Lenders policy requires hedging to be in place. Features - Cover is provided based on the insured’s determination and valuation of its projected peak exposure for the duration of the hedge facility.
- An insured’s loss may be indemnified to a level of up to 100%.
- Policies are typically available for a term equal to the term of the hedge facility to be insured.
Eligibility, Terms and Conditions 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. | |
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