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Country cover policy on Belarus

Flag Belarus

Senior country adviser for single transaction cover:
Mr Manfred Link, phone: (040) 8834 - 9576

Senior country adviser for revolving and wholeturnover cover:
Mr Detlev Wriede, phone: (040) 8834 - 9025

Economic analysis:
Dr Lars Ponterlitschek, phone: (040) 8834 - 9580

Explanation of texts and symbols:

No text  » Information will be provided on request

./.  » no restrictions on cover

In cases where bank security is required, a list of accepted banks is usually available.
(No responsibility is taken for the correctness of the information provided)

Information summary: Belarus; further details can be found under AGA-Report (German version only)

Short-term ./.
Medium/long-term There is a ceiling for the second half of 2010 for cover of transactions with credit periods of more than 12 months of EUR 100 million with a limit on the size of the individual transaction of EUR 10 million, which may be exceeded if a transaction is especially deserving of promotion. Transactions which are financed by tied buyer credits are not booked against the ceiling until the loan agreement is also concluded. Over and above the ceiling there are cover facilities for project financed and other structured finance transactions where necessary based on countertrade deals. A restrictive approach is adopted to cover of financed local costs and foreign content.
Collateral As a rule, bank security or a sovereign guarantee is required for short-term transactions with private buyers and public buyers which are established as private sector organizations. This requirement may be waived, if
  • the buyer is an affiliated company or
  • the buyer belongs to an international group the creditworthiness of which is beyond doubt or
  • informative information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover without collateral.
For medium and long-term transactions with private buyers the requirement for security may only be waived if audited annual accounts drawn up according to international accounting standards justify the granting of cover without collateral. As a rule, bank security or a sovereign guarantee has to be provided for all transactions with public buyers.
Country risk category 7

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