This country cover information describes the NZEC's guiding cover-policy at the time of issue. The information does not necessarily reflect the present possibilities for cover. Before acting on the background of this material, the company/bank is requested to obtain further information from NZEC. If a country is not on the list, contact us.
Each country is rated by the OECD on a scale from 0 to 7; with 0 for low financial risk and 7 for high financial risk. Ratings may change.
NZEC is open for cover across the range of private and public buyers, subject to NZEC’s standard underwriting criteria for each transaction.
NZEC is open for cover although this may be for a limited profile of buyers and/or only for transactions with shorter credit terms. NZEC may apply more stringent underwriting criteria and conditions of support. For example, any NZEC approval may require a higher level of risk sharing from the Insured and/or an extended claims waiting period.
With limited exceptions, we are off cover on all buyers in these countries.