Exporters We Support

Page updated 17 Nov 2009

The New Zealand Export Credit Office (NZECO)’s products are available to New Zealand based producers of goods and services.

The exporters who will benefit the most from a pre-credit guarantee are those:

that export buyer-specific goods or services with limited salvage or resale value;
that export goods with long design / build periods; and
where the order value is large in relation to the business size.

The exporters who will benefit the most from a short term trade credit guarantee are those who :

Have commercially sound transaction with credit-worthy buyers in normally insurable countries;
Have confirmed that the private sector is unable to provide or continue support of the transaction on reasonable terms or conditions;
Have proven trading history, managerial, technical, and financial capabilities;
Sell goods or services with a NZ value-added component of at least 30%.

The exporters best suited to the NZECO’s medium to long term export credit guarantee are those who:

sell capital goods or services, with an economic life longer than the term of the loan;
have export transactions that are a minimum of NZ$1 million (the NZECO will review lower transactions, however the associated financing fees may offset any pricing advantages);
export into emerging countries that have higher degrees of political risk;
have potential customers that would value finance terms, and who are creditworthy;
export goods and services that are produced in whole, or in substantial part, within New Zealand; and
comply with the NZECO’s Criteria & Guidelines.

The exporters best suited to the NZECO’s contract bond guarantee are those who:

have an overseas buyer requiring a bond that must be provided by a registered bond provider in that particular country; or
are being asked to provide a bond, but the exporters’ usual bond provider or bank is unable to supply the bond because it is large, or the exporter lacks security to back the bond; and
have orders with at least 30% NZ value-added content and have a proven export trading history, managerial, technical and financial capabilities.

The exporters best suited to the NZECO’s working capital guarantee are those who:

have an unexpected short-term export opportunity that requires them to have additional working capital, but they have reached their banking limits with their bank;
have an established banking relationship with their bank and have been recommended by their bank as eligible for the NZECO guarantee;
have export sales turnover up to $50 million;
export goods/services with at least 30% value add in New Zealand;
have a proven export trading history, managerial, technical and financial capabilities.

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