The Bank provides guarantees to Korean commercial banks, local branches of foreign banks, and foreign banks that participate in transactions financed by the Bank.
The Bank's financial guarantee provides repayment protection for co financing bank's loans to transactions that satisfy the Bank's eligibility requirements. The Bank guarantees that, in the event of default, it will repay all of the principal and interest on the loan.
|Applicant||Domestic companies, foreign governments or companies who are borrowers of the related credit|
|Beneficiary||Korean or foreign financial institutions that provide the related credit|
|Coverage||Up to the amount of principal and interest of the related credit|
|Period||Up to 30 days plus the repayment term of the related credit|
Charged according to the OECD Arrangements
(flexibly applicable according to the risk of the related credit)