Bond Support Scheme

Where a bank issues a contract bond (or indemnifies an overseas bank providing the bond) in respect of a UK export contract, UKEF can typically guarantee up to 80% of the value of the bond.

There is no maximum value for each bond.

There is no maximum or minimum term for a guarantee.

The benefits are:

  • the guaranteed bank is able to issue the bond, or indemnify an overseas bank providing the bond;
  • the bank receives a guarantee to cover the percentage of the amount due to it if the exporter fails to reimburse the bank following a call being made on the bond by the buyer;
  • the bank may, for the duration of guarantee, be able to increase its risk appetite for the exporter.
Apply

Before You Start

The Bond Support Scheme is provided by UK Export Finance. Export Credits Guarantee Department (ECGD) remains the provider's legal name but UK Export Finance is a trading name, adopted in November 2011.

Where a bank issues a contract bond (or indemnifies an overseas bank providing the bond) in respect of a UK export contract, UKEF can typically guarantee up to 80% of the value of the bond.

Restrictions

Although there are no specific exclusions cited within the guidelines for this scheme, those wishing to apply are advised to liaise with the funding provider in the first instance to discuss eligibility.

What You Need To Know

Key Criteria

Exporters in the UK

Match Funding

No stipulations are made with regard to match funding.

How To Apply

Deadline(s):

Applications may be submitted at any time.

Frequency: Rolling programme.

Useful information:

Exporters should not contact UK Export Finance directly. The scheme can only be accessed through banks that have signed up to participate in the scheme.