Confirmation of Documentary Credit Insurance Grant
••••• organisation
An organisation based in France
Documentary credit confirmation insurance is a trade finance product offered by a French public investment bank. This appears to be a financial services offering rather than a climate/sustainability grant opportunity.
About this grant
This insurance product facilitates the confirmation of documentary credits opened for settlement of export contracts. It covers confirming banks against non-payment of the documentary credit by the issuing bank. The solution allows exporters to secure payment of their commercial contracts by obtaining a confirmed documentary credit, while transferring the risk to the confirming bank. The insurance covers commercial risks (pure default or insolvency of the issuing bank), political risks, and catastrophic risks including non-transfer situations.
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Frequently asked questions
- Who can apply for Confirmation of Documentary Credit Insurance?
- Eligibility covers organisations in FR. The full eligibility conditions are part of the Pro detail.
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