Buyer’s Credit Insurance
Insurance for loans (Buyer’s Credit)
This insurance covers losses suffered by a Japanese commercial bank or other financial institution as a result of providing loans to a foreign importer who purchases goods and services from a Japanese exporter. Losses may be incurred when the Japanese commercial bank is unable to receive repayment of the loan due to (i) war, revolution, prohibition of foreign currency exchange, suspension of remittance or force majeure such as natural disaster or (ii) bankruptcy or default of an importer.
The financial terms and conditions for this product are in line with international agreements.
※ Japanese commercial banks extend loans in cooperation with the Japan Bank for International Cooperation (JBIC), and NEXI provides the insurance for loans extended by commercial banks.