Buyer Credit Facility: additional features
Find out more about Local Currency Financing.
Local Currency Financing
UKEF can guarantee a buyer credit loan to an overseas borrower in local currency, financing the purchase of capital goods, services and/ or intangibles from a UK exporter. Loans can be made in over 60 currencies . For the overseas borrower (and buyer) it reduces foreign currency risk and avoids a variable debt service cost.
A buyer credit in local currency follows the same format as a conventional buyer credit in a standard currency such as sterling, euros or US dollars except that it is funded from a bank in the buyer’s country.
Local Currency Financing is particularly suited to projects that do not usually generate foreign currency revenue, such as water/gas/electricity utilities, local transport and local municipalities.
To find out more about a UKEF Buyer Credit Facility.
To discuss eligibility for our support, contact our customer services team. Email customer.service@ukexportfinance.gov.uk or call +44 (0)20 7271 8010.
Updates to this page
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Export Refinancing Facility removed
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First published.