ONDD The Belgian Export Credit Agency - Flanders Smart Hub
ONDD The Belgian Export Credit Agency - Flanders Smart Hub
ONDD The Belgian Export Credit Agency - Flanders Smart Hub
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>ONDD</strong><br />
<strong>The</strong> <strong>Belgian</strong> <strong>Export</strong> <strong>Credit</strong> <strong>Agency</strong><br />
<strong>Credit</strong> Insurance<br />
<strong>The</strong> Solution for your <strong>Export</strong>- and Investment Risks<br />
Cleantech in China – Tips & Tricks<br />
Vilvoorde – 16 September 2010<br />
1
<strong>Belgian</strong> State<br />
<strong>ONDD</strong>,<br />
the <strong>Belgian</strong> ECA<br />
Shareholding structure <strong>ONDD</strong><br />
<strong>ONDD</strong> = autonomous public institution<br />
<strong>Belgian</strong> State Guarantee<br />
AA+ rated<br />
Mission : To support <strong>Belgian</strong> international<br />
economic relations by covering<br />
risks relating to exports, imports<br />
and foreign investments<br />
2
DEAL CLOSED !<br />
• <strong>Belgian</strong> <strong>Export</strong>er<br />
• Chinese Buyer<br />
• EUR 50.000.(000)<br />
• Capital Good / Services<br />
• 3-year Financing<br />
• 15% Advance Payment (Bond)<br />
3
"Anything that can go wrong, will go wrong"<br />
<strong>ONDD</strong> can help!<br />
4<br />
Murphy
How Can <strong>ONDD</strong> Help?<br />
• <strong>Credit</strong> Insurance : transaction + accessories<br />
• Direct Financing/Forfaiting<br />
• Financial Guarantees<br />
5
•<br />
6
•<br />
GO ABROAD<br />
• <strong>Belgian</strong> Investor<br />
• Plant in Beijing<br />
• Invested amount : EUR 2.000.000<br />
7
•<br />
<strong>ONDD</strong> can help!<br />
8
How Can <strong>ONDD</strong> Help?<br />
• <strong>Credit</strong> Insurance<br />
* Expropriation and Government Action<br />
* War<br />
* Transfer<br />
* Breach of Contract<br />
• Financial Guarantees<br />
9
•<br />
<strong>ONDD</strong> and China<br />
Country Policy<br />
<strong>Export</strong> Insurance<br />
* ST-transactions (< 1 year) : category 1<br />
* MLT-transactions (> 1 year) : category 2<br />
* For MLT-transactions : prior approval of SAFE (State<br />
Administration of Foreign Exchange) for commercial<br />
credits. (N/A for JV’s)<br />
Investment Insurance<br />
* expropriation and government action : category 4<br />
* war : category 3<br />
* transfer : 10<br />
category 2
Is Mr. Murphy right?<br />
Do Hearts get broken?<br />
• Unfortunately the answer is : YES<br />
• <strong>ONDD</strong> paid in 2009/2010 indemnities for a<br />
total amount of EUR 378 Million!<br />
• Expect the Unexpected!<br />
11
Wim Van den Berge<br />
Questions?<br />
(now or in future)<br />
Business Development Advisor<br />
Tel +32 (0)2 788 87 06<br />
w.vandenberge@ondd.be<br />
www.ondd.be<br />
12
Change language