https://forum.berneunion.org/topic7048-st-cover-policy--gulf-region-and-israel.aspx Berneunion forum - Country Cover Policy - ST Cover Policy - Gulf Region and Israel - Messages en-us http://blogs.law.harvard.edu/tech/rss Jitbit AspNetForum Fri, 07 Aug 2026 11:58:42 GMT Fri, 07 Aug 2026 11:58:42 GMT https://forum.berneunion.org/topic7048-st-cover-policy--gulf-region-and-israel.aspx

Please find below our replies:

Has your institution revised its underwriting policy for any of the above markets since the escalation of the conflict? If yes, please indicate whether you have:
As of now, underwriting policy for short term cover has not been revised.

How would you describe your institution's current risk appetite for these markets compared with the pre-conflict period?
Unchanged for short term cover.

What are currently considered to be the most significant risks associated with these markets?
Increased payment risks resulting from negative impacts on buyers’ liquidity.

Have you introduced any additional underwriting requirements for new transactions in these markets?
As of now, underwriting requirements for short term cover have not been changed.

Have you introduced any changes in the administration of existing covered transactions (e.g. amendments, extensions or claims handling) in the affected markets?
As of now, changes in the administration of existing covered transactions have not been introduced for short term cover.

Have you encountered any operational or compliance-related issues (e.g. sanctions, banking/payment channels or money transfers) affecting the ability to support / cover new or existing transactions in these markets?
As of now, operational or compliance-related issues as described above have not been encountered for short term cover.

Have you observed any changes in demand from exporters or commercial banks for cover relating to these markets since the beginning of the conflict?
As of now, changes in demand from exporters for cover have not been encountered for short term cover.

Have you observed any changes in payment behaviour or claims experience in these markets since the beginning of the conflict?
As of now, significant changes in payment behaviour or claims experience have not been encountered for short term cover.

Which sectors have been most affected by the change in your institution's risk assessment as a result of the conflict?
No specific sectors have been affected.

Are you currently considering any further changes to your underwriting policy or country risk approach for these markets that exporters and financial institutions should be aware of?
As of now the current situation and the ongoing development in the region are closely monitored. Further changes to underwriting policy or country risk approach may be considered, depending on further development.


Kind regards

Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division]]> Fri, 07 Aug 2026 11:58:42 GMT https://forum.berneunion.org/topic7048-st-cover-policy--gulf-region-and-israel.aspx In terms of ST cover policy, we are closed to Iran. As for Israel, we have not changed our policy. As for the others, see below:
We accept the limits, while adhering to the principle of restrictive risk assessment (if we have information that allows us to accept the risk—we accept it; if there is insufficient information or we have doubts—we refuse).
Current risk appetite for these markets compared with the pre-conflict period has decreased moderately.
Our exposure in the region is not significant enough for us to have felt any major impact since the outbreak of the conflict.
The greatest risks remain those related to war, sanctions, and the supply chain.
We are taking a cautious approach and monitoring international resolutions as well as the actions of other countries in the region.


Kind regards,
KUKE S.A.]]> Tue, 28 Jul 2026 12:54:52 GMT https://forum.berneunion.org/topic7048-st-cover-policy--gulf-region-and-israel.aspx
It's a holiday season in Finland and our Middle East Country Analyst is on vacation, but I can try to answer briefly:
- Finnvera has not officially changed any of our ST cover policies to the Gulf region, but naturally we are monitoring situation closely. Same applies for our MLT cover policies. Decisions are done on case by case basis.
- Our risk appetite remains unchanged, but as said we are monitoring developments closely on case by case when demand appears.

We can to provide more detailed information once our regional expert is back from holidays.

Best regards,
Mika Relander/Finnvera
edited by Mika Relander on 7/17/2026]]> Fri, 17 Jul 2026 10:44:23 GMT https://forum.berneunion.org/topic7048-st-cover-policy--gulf-region-and-israel.aspx We are writing to you to request updated information on your current short‑term cover policies for exports to the Gulf region—specifically Jordan, the United Arab Emirates, and Saudi Arabia—as well as to Israel.
As you know, the outbreak of the armed conflict involving the United States, Israel and Iran in 2026 has had significant implications for regional risk profiles, supply chains, payment behaviour and sovereign/corporate credit conditions. In light of these developments, we would appreciate receiving your latest guidance on the following points:
- Has your institution revised its underwriting policy for any of the above markets since the escalation of the conflict? If yes, please indicate whether you have:
o suspended or restricted ST and/or MLT cover;
o revised country, sector or buyer limits;
o reduced or withdrawn existing credit limits, and if so, based on what criteria; or
o introduced any other underwriting restrictions.
- How would you describe your institution's current risk appetite for these markets compared with the pre-conflict period?
o Increased
o Unchanged
o Moderately reduced
o Significantly reduced
o No new business
- What are currently considered to be the most significant risks associated with these markets? (e.g. political risk, transfer and convertibility risk, foreign exchange restrictions, logistics disruptions, supply chain disruptions, sanctions, banking/payment channel constraints etc).
- Have you introduced any additional underwriting requirements for new transactions in these markets? (e.g. higher premia, shorter tenors, enhanced security, sovereign guarantees, bank guarantees, war risk clauses or other special conditions).
- Have you introduced any changes in the administration of existing covered transactions (e.g. amendments, extensions or claims handling) in the affected markets?
- Have you encountered any operational or compliance-related issues (e.g. sanctions, banking/payment channels or money transfers) affecting the ability to support / cover new or existing transactions in these markets?
- Have you observed any changes in demand from exporters or commercial banks for cover relating to these markets since the beginning of the conflict?
- Have you observed any changes in payment behaviour or claims experience in these markets since the beginning of the conflict?
- Which sectors have been most affected by the change in your institution's risk assessment as a result of the conflict?
- Are you currently considering any further changes to your underwriting policy or country risk approach for these markets that exporters and financial institutions should be aware of?
We would be grateful for any written update, policy note or internal guidance you are able to share. Thank you very much in advance for your cooperation.
Kind regards,
EXIM Hungary]]> Thu, 16 Jul 2026 12:05:14 GMT