Authorizations and exposure

• SEK provides long term funding for Swedish export-related transactions
• Typically used for medium and large transactions with long repayment tenors; can also be used for medium-term loans
• Eligibility:
• Financing usually involves a commercial bank as the arranger, and the bank, or a group of banks; also administers a loan to the foreign buyer
• EKN is the guarantor, taking the repayment risk with a small portion of the risk retained by the arranging bank
• SEK provides funding, and sometimes assumes the role as arranger and shares the residual risk, usually jointly with one or more banks
• SEK manages the state-supported CIRR system on behalf of the Swedish government
• SEK accepts other ECAs if there is Swedish interest
• Small export credits:
• Amount between USD 2-30 million
• 3-5 years tenor Floating interest rate
• Borrow in USD or EUR
• Buyers must be in a list of high-income countries

• SEK offers loans directly to Swedish exporters and exporters’ subsidiaries used to facilitate continued growth or capital expenditure
• Financing for foreign holding companies, if loan proceeds are used in the Swedish operations
• Tenor: Average of 5 years

• Project finance:
• SEK may participate in structures where the sole asset is the project or in structures combining commercial loans and coverage from ECAs
• Tenor: Long-term
• Eligibility: Swedish exporter must be involved as a subcontractor, supplier, or project sponsor
• Receivables financing (or discounting) for Swedish exporters
• Contract guarantees: Supports Swedish exporters’ advance payment or performance bonds
• Leasing and installment plans: SEK offers financing in the form of leasing and installment plans for export transactions that utilize capital goods as collateral
• Working capital:
• Working capital is available for exporters and their suppliers who have a turnover of more than Skr 500 million
• Does not need to be connected to an export transaction. However, a company’s operations must be linked directly or indirectly to exports
• Factoring services:
• The company must have sales of at least SEK 20 million per year to a single buyer
• The company must wish to offer a 90- to 360-day credit period
• The company must sell in USD, SEK and EUR
• Sustainibility-linked loans: Low-interest rate loans. The borrower has set ambitious sustainability targets during the loan’s tenor

• Target recipients are the 1,000 largest Swedish exporters with sales greater than SEK 500 million

• OECD-compliant for ECA backed transactions and CIRR facilities

• Eligible content: SEK participation requires some form of Swedish interest but not necessarily directly linked to a Swedish export

• SEK’s business model minimizes refinancing risk

• Financing offered in all major currencies and selected emerging market currencies

• Sustainability framework requires sustainability targets, strategies, and reporting, including via the OECD (e.g., anti-bribery and anti-corruption), Equator Principles, IFC performance standards, and the UN Global Compact

• SEK can support smaller export finance transactions on a case-by-case basis

• SEK can support many currencies, including SEK, EUR, USD, and selected local currencies (e.g., MXN and TRY)

• Advantageous terms for green and social loans