Cost recovery:

• Pre-export financing: up to 100% of the value, excluding VAT, of each invoice for raw materials, materials, transport, wages, electricity, water and other costs inherent from the production and sale or supply of the specific product or service, but not more than 80% of the value of the export contract provided
• Post-export financing (on deferred payment): up to 80% of the value of the invoice provided

Amount of the financing:

• no limit if for the previous 2 completed financial years more than 80% of the borrower's revenues are from export
• no limit in the case of financing of individual export transactions (after thorough analysis of the borrower and its counterparties)
• up to BGN 5 million /2.56 million total exposure at the level of group related sides in all other cases

Total term:

up to 60 months

Drawdown period:

Revolving credit line - 12 months
Working capital loan - according to the specifics of the particular contract

Collateral:

Simplified requirements if receivables are insured by BAEZ, Coface, Atradius or other insurer acceptable to the bank