Counter Guarantee

In some cases a Norwegian company may be asked to provide a bank guarantee to its foreign customers. The bank guarantee may cover actual delivery, advance payment or other risks the buyer takes. This is called a counter guarantee.

About the product

What does the guarantee cover?

Eksfin’s guarantee normally covers up to 50 per cent of the bank/financial institution’s risk.

For bank guarantees up to NOK 10 million, Eksfin may consider covering up to 70%.

The following counter guarantees are issuable:

  • Tender guarantee
  • Advance payment guarantee
  • Performance guarantee
  • Warranty bond

Eksfin can also provide risk mitigation of unfair calling on the bond guarantees

Application process

How to apply for counter guarantee

Who can apply?

Eksfin issues the guarantee to the Exporter’s bank or other financial institution. The bank therefore sends the application to Eksfin.

How to apply?

Please start the process by filling in the application form.

How much does it cost?

Eksfin charges the same premium as the bank’s risk premium.

An extra guarantee premium is charged for coverage of unfair calling on the bond guarantee.