Exporters We Support
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 best suited to the NZECO’s medium to long term facilities 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.