Institution details
ABGF - Brazillian Export Credit Insurance Agency (ABGF)
Key facts
- Established in 2013
- Ownership: Public
- Quadra 02, Bloco A, nº 190
- 55 21 2510 5000
- https://www.abgf.gov.br
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | BB- |
Country rating | S&P | Local currency | BB- |
Products
- Buyer and supplier credit insurance
- Supplier credit insurance for SMEs
Buyer and supplier credit insurance
Pre-shipment coverage: SMEs have up to 180 days to produce and export goods and/or deliver services.
Post-shipment coverage: SMEs have repayment period of up to 2 years.
Cover up to 90% against commercial risks without banking guarantee; otherwise, 100% cover.
Fees: Considers country risk, type (pre- or post-shipment), commercial, political and extraordinary events, tenor, and borrower’s financial capacity.
Supplier credit insurance for SMEs
Cover for one or more importers, located in one or more countries.
Eligibility: Brazilian companies with revenues up to BRL 90 million and exports up to USD 3 million in the year prior to the application, or projected exports in excess of USD 3 million in the year following the application for insurance.
Coverage:
- Pre-shipment maximum percentage cover for commercial, political, and extraordinary risks is 90%
- Post-shipment maximum percentage cover against commercial risks is 90%, and 95% for political and extraordinary risks
Tenor:
- Pre-shipment up to 365 days
- Post-shipment up to 545 days
Premium: Must be paid in advance using the Federal Payment Form systematically issued by ABGF and charged per export transaction approved.
Other fees: The SME will also be charged for the comprehensive credit report (SME, in the pre-shipment) and for the customer’s report.
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short/medium/long-term | Commercial | 90%-100% |
Insurance | Short/medium/long-term | Political | 100% |
Performance highlights
What's new?
- Guarantees non-marketable risks to infrastructure projects listed in the Brazilian Growth Agenda
- Provides coverage for rural operations against Acts of God which impact such businesses as agriculture, livestock, aquaculture, forestry, and rural pledge
- Works closely with the export credit agencies of other BRICS countries