News and announcements

The Prague Club is an international group of export credit and investment insurance organisations that helps members to develop their export credit and investment insurance schemes and provides a forum for sharing expertise and information.

Recently the New Zealand Export Credit Office (NZECO) has been supporting export transactions into the Pacific region.

The financial credit crunch has taken its toll on the trade credit insurance market where premium costs have risen sharply and underwriters are scaling back on their risk exposures.

New Zealand Export Credit Office
Euler Hermes

This week the New Zealand government announced the extension of the NZECO’s short-term trade credit guarantee facility for exporters by $100 million, effective immediately.

NZECO has received permission from The Independent Business Weekly to reproduce this article on the NZECO website.

9 April 2009
The Independent Financial Review
(c) 2009 The Independent Business Weekly
HELEN HAYES

You may have heard that the New Zealand Export Credit Office (NZECO) has recently introduced a number of new guarantees to further assist New Zealand exporters and their banks.

A snapshot of each of the guarantees is outlined below.

A small state agency is getting a bigger role in protecting exporters from risk of non-payment in the global downturn.

This week the New Zealand government announced the implementation of the New Zealand Export Credit Office’s (NZECO) short-term trade credit guarantee, effective immediately.