Credendo, Belgium

The Belgian Credendo – Export Credit Agency offers financing and risk mitigation services. It is backed by the Belgium government. Its Single Risk instrument can protect Belgium companies against financial losses resulting from commercial failure or political disturbances that prevent the fulfilment of a contract. Financial institutions invested in respective projects/contracts also receive insurance coverage.

The Single Risk instrument for permanent investment or mobile assets covers:

• “Confiscation, expropriation, nationalisation, requisition or destruction of the company’s assets;
• Selective discrimination making your investment uneconomical;
• Forced abandonment of your investment;
• Forced divestiture of your shareholding interest;
• Non repatriation of dividends, debt repayments or proceeds from a forced sale;
• Arbitrary and unfair call of guarantees by a public sector buyer;
• Non honouring of arbitration award;
• We can also cover both equity and lenders in infrastructures projects.”

Credendo offers its services to Belgium companies extending their presence internationally.

Credendo offers their services globally.

More details: https://www.credendo.com/country-risk

• Tenor of coverage: up to seven years.
• Insurance policies are not cancellable.
• Insurance policies are renewable.
• Combined coverage against non-performance, payment default and bankruptcy.

https://www.credendo.com/solution/single-risk-investments

The Belgian Credendo – Export Credit Agency offers financing and risk mitigation services. It is backed by the Belgium government. Their Political Risk Insurance instrument can cover a range of well-defined political risks for investments, including equity investment, structured loan and quasi-equity. Commercial risks are not covered by this instrument. Covered political events are: expropriation, political violence, business interruption, currency inconvertibility and transfer restriction, award default and embargo.

Investments of Belgian companies in a foreign company through either equity/quasi-equity or structured loans from a Belgian company or a third party.

Credendo offers their services globally.

More details: https://www.credendo.com/country-risk

• Flexible policy where pricing is different for each type of investment and the percentage of coverage is chosen for each covered event.

https://www.credendo.com/solution/political-risk-insurance-investments-structured-loan