News story

Bond insurance cover no longer linked to other forms of support

UK Export Finance Bond Insurance Policy now available as a freestanding product.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government


The UK Export Finance Bond Insurance Policy is now available as a freestanding product. It had previously been available only as a supplemental product to basic cover ie either a buyer credit facility, supplier credit finance facility or an export insurance policy.

The Bond Insurance Policy is provided to a UK exporter where a bank issues a bond on its behalf to an overseas buyer, or a counter-guarantee to a bank in the buyer’s country, as a condition of an export contract. Cover is provided against loss to the exporter caused by the unfair calling of the bond (or any related counter-guarantee), and the fair calling of the bond (or any related counter-guarantee) due to certain political events.

Exporters who want to know more about this product from UK Export Finance should call the customer helpline on 020 7271 8010.

Published 23 May 2012