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.

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.

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. 

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.