Nippon Export Investment Insurance (NEXI)

Nippon Export Investment Insurance (NEXI) is an insurance company wholly owned by the Japanese government and under the jurisdiction of the Ministry of Economy, Trade, and Industry. Overseas Untied Loan Insurance covers losses suffered by a Japanese company or commercial bank in two instances:

• “If the Japanese company/commercial bank provided a foreign government or a company with long-term business funds untied to exports from Japan.
• If the Japanese company/commercial bank purchased bonds issued by a company or foreign government for the purpose of long-term financing.”

Losses due to the following risks are covered: war, revolution, prohibition of foreign currency exchange, suspension of remittance, force majeure, or bankruptcy/default of a borrower or a bond issuer.

Companies or commercial banks of Japanese origin.

NEXI has no specific country guidelines and determines the availability of cover on a risk-assessment basis. Countries are classified into eight categories from A to H, which correspond to OECD categories 0–7, with H (7) as the highest risk. The country category is the basis of the premium rate. For further details, see: https://www.nexi.go.jp/cover/en/index

https://www.nexi.go.jp/en/products/types/overseas.html