EXPORT FINANCING

FOR DANISH COMPANIES doing business and investing in Lodz 15 MAY 2013

NEW SERVICE - CEE REGION ADVICE ON EXPORT FINANCING

Focus countries:

     

Poland Czech Republic Slovakia Hungary Bulgaria Romania Co-operation between the TC & EKF (also China, Russia, Turkey, China, Asia, South Africa, Brazil)

WHATS OFFERED

Information and advice about financing possibilities:

  

Danish sources (EKF - Eksport Kredit Fonden) Local opportunities (loans, grants, tax exemptions, banks) International sources (EU funds, investment banks) Conditions: General advice and information is provided free of charge . Specific tasks are charged e.g. arrangement of meetings, dedicated reports, individual case analysis. The fee for paid assistance: DKK 925 per 1 hour. Possible to use Eksportstart Programme with 35% subsidy: www.eksportstart.dk

EU FUNDS

EU funds 2014-2020 : EUR 72.9 BILLION

   

Less grants more financial instruments Focus on co-operation between industry & science More funds managed at regional levels More details known towards end of the year Experience in 2007-2013 period: EUR 67.3 BILLION

   

Resources Timing & delays Outcome unknown & bureaucracy Implementation: limited flexibility, durability

EKF - INTRO

Basic facts

   

Owned and guaranteed by The Danish State AAA rated 90 years of experience Operates on commercial terms Numbers:

  

Number of clients: from 185 (80 SMEs) in 2008 to 461 (355 SMEs) in 2012 Exposure: from DKK 31 billion in 2008 to 77 in 2012 Impact in 2011: orders worth more than DKK 30 billion and help to create and retain 20,000 jobs in Denmark

EKF – INTRO: WHAT & WHERE (2012)

EKF - SERVICES

“My customer is ready to place the order but needs financing ” “The market has great potential, but I ´ m worried about getting paid .” “I won the contract but now I need more capital to fill the order ”. Financing for the customer Security for payments Financing of operations

EKF – HOW IT WORKS, EXAMPLES

FINANCING BUYERS SME or BUYER CREDIT GUARANTEE

RISK PERIOD MIN. 181 DAYS, DOWN PAYMENT 15%, COVERING UP TO 100% RISK

FINANCING OPERATIONS / DK COMPANIES CAPITAL EXPENDITURE GUARANTEE

COVERING UP TO 80% OF RISK, REPAYMENT NORMALLY 3-5 YEARS

SECURITY / INSURANCE PROJECT DELIVERY GUARANTEE

COVERING UP TO 90% OF RISK (COMMERCIAL AND POLITICAL), COVERS ENTIRE PROCESS UNTIL YOU GET PAID

Q&A

Tomasz Luczynski (languages: EN and PL) Senior Commercial Advisor, Export Financing Danish Embassy in Warsaw Email: [email protected]

Phone: +48 22 565 29 53 THANK YOU !!!