Authorizations and exposure

• Insures risk of non-payment by foreign buyers
• Policy may be pledged to financial institutions
• Modalities: Single- and multi-buyer cover
• Eligibility:
• For OECD country categories 0-4, minimum 30% Spanish content
• For OECD country categories 5-7, minimum 40% Spanish content
• For SMEs and green projects, minimum 20% Spanish content
• Case-by-case eligibliity rules in respect of internationalization of Spanish jobs
• There are several specific products tailored to different levels of cover, term, eligibility, and fee levels

• Insures a bank loan made to foreign buyer of Spanish goods and services against non-payment
• Eligibility:
• For OECD country categories 0-4, minimum 30% Spanish content
• For OECD country categories 5-7, minimum 40% Spanish content
• For SMEs and green projects, minimum 20% Spanish content
• Case-by-case eligibliity rules in respect of internationalization of Spanish jobs
• Project finance insurance sub-product
• Cover determined on a case-by-case basis
• Documentation required to assess the application includes full independent financial feasibility report, market survey, detailed description of the financial structure, evaluated technical feasibility study, environmental impact assessment (if appropriate), and legal opinion of an independent law office
• Spanish equity participants are eligible for CESCE’s Foreign Investment Insurance policy

• Policy provided to institutions issuing surety bonds on behalf of exporters whom the foreign buyer, or foreign buyers themselves, in respect of a contract
• Different types of bonds are offered, such as bid bonds, performance bonds, advance payment bonds, etc.
• There is no cost to the applicant
• Sub-product: Bonding facility for SMEs and non-listed companies; cover determined on a case-by-case basis
• Insurance of bonds for banks: 50% cover

• Insures bank loans used for the construction of strategic projects in Spain
• It is not necessary that there be exports associated with the project
• Eligible projects are those in high technology with high-value added, such as renewable energy, production of electric vehicles and batteries, and green hydrogen, for example
• Cover: 80% commercial risks

• Insurance of bond issued by a bank when a bond is necessary for a Spanish company to enter into a supply agreement with a raw materials provider
• Also available for raw materials seller directly from CESCE
• Facilitates the import of critical raw materials for Spanish exporters such as fuel, energy (excluding electricity), critical raw materials, and essential components
• CESCE offers a separate product to insure bonds issued by banks for renewable power purchase agreements with Spanish companies
• Also available for electricity seller directly from CESCE
• PPAs must have tenors of between 5 and 20 years
• Cover: 80% commercial risks

• Construction and works abroad insurance for Spanish exporters performing works or services (e.g., constructional works, installations in foreign countries); cover up to 99% commercial and political risks
• Cover: 99% commercial and politiacl risk
• Pre-shipment bank guarantees:
• For lenders providing pre-shipment working capital during the manufacturing stage, or for the discount of bills in foreign currency
• Cover: Up to 50% (commercial risk only)
• Foreign investment insurance:
• Political risk Insurance to banks granting loans to the foreign subsidiary of a Spanish company
• Also available for Spanish companies directly from CESCE
• Cover: Up to 99% (political risk only)
• Green investment policy: Offered to subsidiaries of Spanish companies abroad engaging in green projects
• Documentary credit risk policy:
• Single- and multi-buyer options provided to financial institutions confirming L/Cs in support of Spanish exports
• For single-buyer, currency matches the documentary credit’s currency; cover for political and extraordinary risks
• For whole turnover, available in EUR, currency matches the documentary credit’s currency
• Cover: 99% of commercial and political risks
• CESCE offers its customers the CESCNET platform, which facilitates management of insurance policies
• CESCE provides other services to Spanish exporters, such as advisor and, factoring

• 2023: CESCE launches Express 100%-digital insurance policy

• 2023: CESCE launches raw material supply insurance policy

• 2023: CESCE opens a EUR 30 million supplier credit line for Ukraine