Guarantees

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Financial Guarantees	Export-Related Financial Guarantee	The Bank guarantees to pay the aggregate principal and interest on loans made by domestic or foreign financial institutions to borrowers in eligible transactions, in the event the borrower fails to make such a payment.
	Import-Related Financial Guarantee
	Overseas Business-Related Financial Guarantee
Performance Guarantees	Export-Related Performance Guaranteen	The Bank provides Performance Guarantees in the forms of bid bonds, advance payment bonds, performance bonds, warranty bonds, and retention bonds in order to support export and import transactions as well as overseas business activities.
	Import-Related Performance Guarantee
	Overseas Business-Related Performance Guarantee
Interest Rate Support		In case domestic or foreign financial institutions provide loans covered by Korea Eximbank's Financial Guarantees at fixed Commercial Interest Reference Rates (CIRRs) in accordance with the "OECD Arrangement on Officially Supported Export Credits", Korea Eximbank compensates for any loss incurred by such domestic or foreign financial institutions due to interest rate fluctuations (the difference between CIRRs and variable interest rates) while recouping any profits made therefrom.

Financial Guarantees

The Bank guarantees to pay the aggregate principal and interest on loans made by domestic or foreign financial institutions to borrowers in eligible transactions, in the event the borrower fails to make such a payment.

• KOREA-EXIM

Export-Related Financial Guarantee

Terms & Conditions

Applicant (Borrower)	Company that is eligible for Export-Related Loans
Beneficiary	Domestic/foreign financial institution that: i) lends to the applicant ii) purchases bonds issued by the applicant
Coverage	Up to the amount of principal and interest on the debt covered
Guarantee Period	Up to 60 days after the maturity date of the debt covered

Import-Related Financial Guarantee

Terms & Conditions

Applicant (Borrower)	Company that is eligible for Import-Related Loans
Beneficiary	Domestic/foreign financial institution that: i) lends to the applicant ii) purchases bonds issued by the applicant
Coverage	Up to the amount of principal and interest on the debt covered
Guarantee Period	Up to 60 days after the maturity date of the debt covered

Overseas Business-Related Financial Guarantee

Terms & Conditions

Applicant (Borrower)	Company that is eligible for Overseas Business-Related Loans
Beneficiary	Domestic/foreign financial institution that: i) lends to the applicant ii) purchases bonds issued by the applicant
Coverage	Up to the amount of principal and interest on the debt covered
Guarantee Period	Up to 60 days after the maturity date of the debt covered

Performance Guarantees

Type of Guarantees

Korea Eximbank makes payment to the sponsor(s) or buyer(s) upon their demand for payment of the guaranteed amount on valid grounds, and thereafter seeks indemnity against the applicant for the amount paid on its behalf.

Bid Bond	A bond (guarantee/security) supplied during the bidding process, which ensures that the buyer beneficiary will be reimbursed for any loss caused by the bidder's breach of bid-related regulations
Advance Payment Bond	A bond (guarantee/security) supplied by an exporter to receive advance payment from the beneficiary, which ensures that the beneficiary will be reimbursed for the advance payment in the event of failure by the exporter to fulfill its contractual obligations
Performance Bond	A bond (guarantee/security) which ensures that a certain portion of the contract amount will be reimbursed to the beneficiary in the event of failure by the exporter to fulfill its contractual obligations
Warranty Bond	A bond (guarantee/security) which ensures that the beneficiary will be reimbursed for any loss incurred during the warranty period since delivery
Retention Bond	A bond (guarantee/security) supplied by the exporter seeking to collect the retention money withheld by the beneficiary as provision for repairs and maintenance, and which ensures that the beneficiary will be reimbursed for any loss caused by the failure of the exporter to fulfill its contractual obligations in connection to the retention money

Export-Related Performance Guarantee

Terms & Conditions

Applicant	Korean company or Korean Company's overseas subsidiary
Eligible Transaction	All transactions that serve to promote exports and enhance export competitiveness
Beneficiary	Buyer/sponsor/importer(or their agent) in an export transaction
Coverage	Up to the amount required under the ITB (Invitation to Bid) or export contract for the transaction covered

Import-Related Performance Guarantee

Terms & Conditions

Applicant	Korean company
Eligible Transaction	All transactions related to imports that are essential for the national economy
Beneficiary	Seller/exporter(or their agent) in an import transaction
Coverage	Up to the amount required under the import contract for the transaction covered

Overseas Business-Related Performance

Terms & Conditions

Applicant	Korean company or Korean company's overseas subsidiary
Eligible Transaction	All transactions that facilitate overseas investment or overseas business activities
Beneficiary	Buyer/Sponsor(or their agent) in the transaction covered
Coverage	Up to the amount required under the ITB (Invitation to Bid) or contract for the transaction covered

Interest Rate Support

본문내용

Eligible Transaction	Export transaction in which Korea Eximbank provides financial guarantee to financial instutuions
Eligible Financial Institution	Domestic or foreign financial institutions eligible for Korea Eximbank's Guarantees

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