Authorizations and exposure

• Available to French registered exporters
• Bpifrance Assurance Export risk premium can be financed
• Cover: Conditional on political risks, force majeure, and non-payment commercial risks
• For French exporters with turnover less than EUR 150 million, up to 100%
• For all other French exporters, up to 95%
• Tenor: Minimum of 2 years
• Premium: Bpifrance Assurance Export shares the commissions of the issuer
• Financing modalities:
• Bpifrance Assurance Export provides direct cover
• Bpifrance Financement repurchases loans made by the French exporter to its foreign buyer in amounts from EUR 1 million to EUR 25 million with Bpifrance Assurance Export cover required up to 100% (on a case-by-case basis)

• Covers financial institutions lending to foreign buyers of French exporters against commercial and political risk of an international buyer/borrower defaulting on payment for a French export contract
• Beneficiaries: Sovereign, sub-sovereign, public owned entities, banks or corporates, or structured and project finance transactions
• Typically, insurance cover is 95% (aircraft can be 100%)
• Financing modalities:
• Bpifrance Assurance Export covers commercial loans to foreign buyer
• Bpifrance Financement can make loan to buyer with Bpifrance Assurance Export cover for 95% of the eligible contract; loans range from EUR 5 million to USD 75 million
• Risk premium may be paid upfront or capitalized

• Available to all companies incorporated under French law
• Protects sustainable foreign investment against political risks
• Insurance can be extended to banks supporting the French foreign investments
• Cover:
• Non-transfer
• Damage to property
• Non-recovery
• Tenor: Between 3 to 20 years from the time of investment

• Market prospection repayable advance:
• Available to all French registered companies with turnover of less than EUR 500 million
• Covers commercial failure of prospecting costs not offset by sales in a geographical area for a period of 5 years
• Products: Foreign prospection insurance, first-steps foreign prospecting insurance, and foreign prospection advance
• Bonds: Available to French exporters needing bonds to insure their default risk to the foreign buyer
• Working capital guarantee: Covers lenders to French exporters against the risk the borrower defaults
• Exchange risk insurance: Coverage for most major currencies and other currencies on a case-by-case basis, covers FX risk for the entire contract period

• Content eligibility:
• Credits must be linked to the export of national goods or services
• Minimum 20% French content or French Pass Export

• Bpifrance may provide an “internal guarantee” to French civilian naval and space sector companies to be able to offer French buyers, in competition with a foreign supplier benefiting from public export support, competitive financing conditions

• Unconditional 100% guarantee for civil aircraft and helicopters

• Cover may be provided in foreign currencies, including most hard currencies and some soft currencies

• Existing bilateral co-financing/reinsurance agreements with several ECAs worldwide

• Environmental, corporate, and social responsibility guidelines

• Publishes coverage map showing countries where the agency is open, open with conditions, and closed

• Classifies country risk according to OECD guidelines

• Follows OECD recommendation on common approaches and European Union regulations

• Compliance requirements for bribery, money laundering, and financing of terrorism

• Grants insurance in some local and non-EUR currencies (USD, JPY, GBP, CHF, and others)

• Bpifrance Financement Export for SMEs and SFIL for big tickets may act as lenders in export financing with Bpifrance Assurance Export’s coverage

• 2023: Launch of the “Bpifrance Entreprises Avenir 1” fund