Counter Guarantee

Eksfin’s counter guarantee covers the risk a bank takes on its customer. A Norwegian company may be requested to provide a bank guarantee to its foreign customer. The bank guarantee may secure delivery, advanced payments or other risks the exporter’s customer takes.

About the product

What does the counter guarantee cover?

The counter guarantee normally covers up to 50 per cent of the risk a bank takes on its customer.

Eksfin can counter guarantee banks for the following instruments:

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

Eksfin can also provide risk mitigation to the exporter for unfair calling of contract guarantees.

Application process

How to apply for counter guarantee

Who can apply?

Eksfin issues the guarantee to the exporter’s bank. The bank should therefore apply to Eksfin.

How to apply?

Start the process by filling in the application form.

How much does it cost?

Eksfin shares the risk premium with the bank on equal terms and conditions.