WebmailExport Credit Insurance
The Export Credit Insurance - SCE aims to ensure the operations of export credits against commercial risks, political and extraordinary that may affect:
I - the output of goods and services for Brazilian export;
II - Brazilian exports of goods and services.
The SCE can be used by exporters and financial institutions that finance
or refinance the production of goods and services destined for Brazilian
export as well as exports of goods and services.
Export Credit Insurance with Union Assurance – SCE
As provided by Law No. 11,281, of 02/20/2006, the Union may, through the Ministry of Finance, grant assurance of commercial risks and political risks and made extraordinary by virtue of the Export Credit Insurance - SCE, and hire an institution authorized to operate the SCE to perform all services related to it, including analysis, monitoring, management of operations to provide assurance and credit recovery casualties.
According to MF
Ordinance No. 416 of 16.12.2005, it is for the Department of International
Affairs - SAIN, to authorize the warranty coverage of the Export Credit
Insurance, under the terms of FGE.
Export Guarantee Fund – FGE
The FGE, created by Law 9818 of 23.08.1999, is a fund of accounting nature, linked to the Ministry of Finance, which aims to cover the guarantees provided by the Union in the operations of the Export Credit Insurance against commercial, political and extraordinary risks.
Brazilian Insurer of Export Credit – SBCE
Private company incorporated under the form of an anonymous society with the purpose of working in the field of Export Credit Insurance, hired by the Union through bidding, provides services for risk analysis of the operations of medium and long term, characterized by exports financed with deadlines higher payments for 2 years and, in general, related to projects involving capital goods, services or studies and contracts with special features. Additional information can be obtained at www.sbce.com.br
Committee on Finance and the Export Guarantee – COFIG
Board member of the Chamber of Commerce - CAMEX, the Governing Council, with powers to frame and monitor the operations of the Export Financing Program - PROEX and Export Guarantee Fund - FGE, establishing the parameters and conditions for granting financial assistance to exports and to provide assurance of the Union
Created by Decree
No. 4993 of 18.02.2004, the COFIG unifies the tasks belonging to the
Export Credit Committee - CCEX and the Board of Directors of the Export
Guarantee Fund - CFGE, in order to jointly examine financing operations
and guarantees for export.
Basic Legislation
- Law No. 11,281, of 20/02/2006 - Changes to Law No. 6704 of 26/10/79, and regulates other questions about the Export Credit Insurance;
- MF Ordinance No. 416, of 16.12.2005-delegates authority to the Secretary for International Affairs to approve the guarantee coverage of the rich commercial and political risks and made extraordinary by the Union;
- Decree No. 4,993, of 18.02.2004 - Creates the Committee of Export Financing and Guarantee - COFIG;
- Decree No. 3937, of 25.09.2001-Regulates Law 6704 of 26.10.1979, which provides for the Insurance of Export Credit;
- Law No. 9818 of 23.08.1999 - Creates the Export Guarantee Fund - FGE;
- CMN Resolution No. 2,532, of 14.08.1998 - Provides for the Insurance of Export Credit contracted in the country and allows the opening and movement of foreign currency account to companies authorized to operate in that class of insurance, and
- Law No. 6704 of 26.10.1979 - Provides for the Insurance of Export Credit
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