Requirements for export financingRequirements for export financing

The Bank can assist with financing of capital equipment and project-related goods and services. We normally require that the importer's bank or another acceptable bank guarantees the importer's payment obligation.

In order to provide financing to exporters and make financing as inexpensive as possible, the Bank will often take out a guarantee from an ECA (Export Credit Agency). The role of these organisations is to support exports by issuing guarantees for export financing at competitive prices.

The issuance of such guarantees is subject to certain general conditions set forth by the OECD. These are the most important:

  • The sale must involve capital equipment and project-related goods and services.
  • The importer must pay at least 15% of the contract amount in advance.
  • Whilst 85% of the contract amount may be export-financed, the guarantee may also cover certain expenses for establishing the financing, such as the guarantee premium paid to an export credit agency.
  • The maximum period between instalments is six months.
  • The portion of the export from the exporter's home country must be at least 20%-50%, depending on the importer's country and the export credit agency involved.
  • The local part of the contract must be covered by the down payment.
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Danske Bank A/S
London Branch,
75 King William Street
London EC4N 7DT
United Kingdom

Tel: +44 (0)20 7410 8000
Fax: +44 (0)20 7410 8001

Sort Code: 30-12-81

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Trade & Export Finance products and services

Read More about our trade & export finance products and services in these booklets (PDF):

Download factsheet on Documentary Credits
Download factsheet on Int'l Guarantees
Download factsheet on Collections
Download factsheet on Business Online

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Document Checklist
What to look out for in every document involved in the documentary credit process:

Danske Bank A/S, London Branch, 75 King William Street, London EC4N 7DT, United Kingdom. Telephone: +44 (0)20 7410 8000 Facsimile: +44 (0)20 7410 8001 E-mail: VAT number: 853 7590 92. Danske Bank A/S, London Branch is authorised by the Danish Financial Supervisory Authority (Finanstilsynet) and is subject to limited regulation by the the Financial Conduct Authority and the Prudential Regulation Authority. Complaints should be addressed to our Legal Department. Details on the extent of our regulation by the Financial Conduct Authority and the Prudential Regulation Authority are available from us on request. Registered Branch in England and Wales, Company No. FC011846, Branch No. BR000080. Danske Bank A/S, Incorporated in Denmark, CVR No. 61 12 62 28 Copenhagen. Our details can also be viewed on The Financial Services Register under Firm Reference Number 124655.

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