Structured Insurance Facility (SIF) 

Under the Structured Insurance Facility (SIF) Atradius Dutch State Business may be able to provide cover for transactions with countries for which we are “off cover”, or waive the requirement of an unconditional payment guarantee from the central government.

This facility is only available for transactions with private sector buyers or banks.  When analysing applications for cover, Atradius will pay close attention to risk-mitigating factors, which may differ per transaction and country.

There are three country categories:

1. “off-cover” countries, whereby exceptions can be made on a case-by-case basis for private sector buyers or banks

2. “off-cover” countries, whereby exceptions can be made on a case-by-case basis for  private sector buyers or banks if they generate foreign currency income or have access to foreign currency

3. “off-cover” countries, whereby no exceptions can be made, given political and/or economic conditions 

Countries with high transfer risks are normally classified as b. For transactions with these countries it is therefore important that buyers/borrowers independently generate foreign currency income or have access to foreign currency.

Transactions with private sector buyers/borrowers must be structured such that they are not affected by the risks which led to our going off cover for the country concerned.  Risk-mitigating factors could include a higher down payment, an escrow account structure, mortgages on real estate or ships, or pledged accounts receivable. 

Given that this facility is for transactions carrying higher risks than those covered under our regular country policy, the total facility is limited to € 200 mln.  The limit per country is € 30 mln (maximum obligo) and per transaction € 15 mln (loan amount).  The maximum repayment period is 7 years. 

Should you wish to insure a transaction which you expect qualifies for cover under the Structured Insurance Facility, please consult the country policy on our website for the category of the country concerned. Please contact us at an early stage in order to determine whether your transaction can be structured such that it would qualify for cover under this facility.