12/07/2021 12:12
Topic:
EU sanctions against Belarus
Peter Toft
|
Dear colleagues,
As is well known the European Council last week adopted wide-ranging sanctions against Belarus.
At EKF we have adjusted our cover policy to CBC on all terms until further notice not least to gain time to analyze the full implications of the sanctions regarding the legaility of doing business in the country by EU member states. Nevertheless, the sanctions will likely also negativley impact the outlook for political and macroeconomic risks in Belarus.
Would you kindly share your views on the European sanctions or any possible cover policy respones so far?
Kind regards
EKF |
12/07/2021 12:14
Topic:
Belarus
Peter Toft
|
Dear colleagues,
As is well known the European Council last week adopted wide-ranging sanctions against Belarus.
At EKF we have adjusted our cover policy to CBC on all terms until further notice not least to gain time to analyze the full implications of the sanctions regarding the legaility of doing business in the country by EU member states. Nevertheless, the sanctions will likely also negativley impact the outlook for political and macroeconomic risks in Belarus.
Would you kindly share your views on the European sanctions or any possible cover policy respones so far?
Kind regards
EKF |
10/01/2022 11:54
Topic:
Kazakhstan
Peter Toft
|
Dear colleagues,
With the ongoing troubles in Kazakhstan would you kindly share if you are experiencing any difficulties in payments from the country in addition to your current cover policies or if possible, considerations on limiting cover.
EKF is currently considering tightening our cover policy on private buyers to "tight resetrictions" from "modest restrictions" i.e. a min. requirement to only acccept CC1-rates buyers on LT transactions. This in view of the country risk having likely taken a turn for the worse in the medium-long-term.
Our current cover policy:
Sovereign buyers: Open for cover
Sub-sovereign buyers: cbc
Banks: Only the strongest banks on LT acceptable
Private buyers: Min. CC2 on LT, robustness to currency mis-match on MT
LT commitments: EUR 100 m
ST commitments: none
Kind regards
EKF |