State-backed Insurance Policies

Financing to cover your working capital needs

• It provides coverage to banks granting credit to Spanish companies to finance export or internationalisation contracts.

• The financing can be used for the purchase of raw materials, payments to suppliers, staff costs, etc. 

Coverage against the risk of non-payment of the credit granted to foreign debtors

• Coverage for financial institutions that grant loans to foreign debtors for purchasing Spanish goods and services.

• This insurance covers the bank against the risk of non-payment of the credit. 

Export contract non-payment and/or termination risk coverage

• Exporter risk coverage. 

• Provide the bank financing through the Certificate of Coverage for the bank that discounts the invoices.

Coverage of risks inherent to the confirmation of documentary credits

• This coverage is designed for banks that provide recurrent confirmation of documentary credits issued by financial institutions in a given country. 
• The credits must be used for the payment of Spanish export transactions.

Coverage of risks inherent to the confirmation of documentary credits

• Coverage designed for banks that provide recurrent confirmation of documentary credits issued by financial institutions in a given country. 

• The credit must be used to pay for a Spanish export transaction. 

Coverage against non-compliance with payment obligations 

• It covers Financial Institutions that issue a guarantee on behalf of the Spanish exporter.

• Once the guarantee has been executed (duly or unduly), the exporter is subject to the obligation to pay the Financial Institution. The insurance covers non-compliance with this obligation.

Coverage against bond enforcement risk

• It covers Spanish exporters for internationalisation transactions in which the exporter is required to provide guarantees to foreign buyers or authorities of the destination country. 
• It provides coverage against the risk of improper enforcement of bonds by the foreign contracting party or the risk of enforcement due to political risks.  

Cover for banks that finance strategic investments in Spain

• Financial support for investment in Spain in priority sectors that will potentially lead to future  exports (e. g. green hydrogen, electric vehicles, batteries, renewables…).

• Cesce offers cover to the bank financing the investment. Eligibility is based on the degree of internationalisation of the sponsors and/or the expectation that the investment will lead to future exports. 

Coverage against non-compliance with payment obligations for essential inputs

• Coverage in favour of entities that issue a guarantee or surety for the purchase and sale of inputs by a Spanish company. 

• It makes it easier for Spanish companies to obtain guarantees in order to qualify for a purchase agreement.

Guarantee against the risk of non-payment and/or termination of the agreement for the purchase and sale of essential inputs

• Coverage in favour of the company selling the inputs, whether foreign or Spanish .

• Support to internationalised Spanish companies for the acquisition of essential inputs in their industrial activity.

Coverage against political risks derived from a foreign investment

• Protection for banks financing a Spanish investment abroad against political risks that may affect repayment of the loan. 

Coverage against political risks derived from a foreign investment

• Protection for Spanish investors against political risks that may affect their overseas investments. 

Financing for the foreign subsidiary of a Spanish company.

• Default risk coverage for financial entities that grant a loan to a foreign company, a subsidiary of a Spanish one.

• Through this insurance, Cesce supports Spanish investment in green projects overseas.

Non-payment and contract termination risk coverage

• Coverage for Spanish companies that carry out construction contracts, projects, assemblies, etc., overseas. 

• It covers the risk of seizure or non-repatriation of machinery and the inability to transfer to Spain the working capital deposited in the foreign country to finance the work.