Apply now to protect your receivables arising from overseas sales against commercial and political risks, and to use the insurance policy as collateral to obtain financing support for exporters on favorable terms!
What Is Participation-Based Receivables Insurance?
Under the Participation-Based Receivables Insurance program, Turkish Eximbank insures exporters’ receivables arising from overseas sales against commercial and political risks using the takaful model. Through this program, all shipments made by exporters to buyers in countries covered by Turkish Eximbank with terms of up to 360 days and in compliance with the Principles and Standards of Interest-Free Banking are insured within the limits allocated to the buyer companies.
What Is the Purpose of Participation-Based Receivables Insurance?
The purpose of the Participation-Based Receivables Insurance Program is to promote and guide exports by providing coverage, within certain limits, against commercial and political risks for export proceeds related to sales with terms of up to 360 days made by exporters who prefer products compliant with the principles and standards of interest-free banking.
Who Is Eligible for Participation-Based Receivables Insurance?
All exporters with receivables arising from overseas sales on deferred payment terms and who are sensitive to interest-based finance can benefit from this program.