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.
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