Ashra - The Israel Foreign Trade Risks Insurance Corp. Ltd.
Last updated on 19 Feb 2024

Key facts


Israeli government agency that supports Israeli exports by insuring export credit transactions and investments abroad.

65 Menachem Begin Road
Tel Aviv 61201
Israel

+972 03-5631-700

www.ashra.gov.il
PUBLIC
1957
Credit rating (Fitch)
A+
A+
Foreign currency
Local currency

Berne Union
OECD

Authorizations, exposure, and country export data


FY 2022 exposure top sectors

Security
35%
Chinese protocol
27%
Health
13%
Water
11%
Infrastructure
8%

2022 export destinations

Europe

36 %

Americas

35 %

Asia

27 %

Africa

1 %

Oceania

1 %

Financing modalities


`
90%
95%

Products


  • Covers commercial and political risk of an international buyer defaulting on payment for export contract
  • Maximum insured amount: Depends on content
  • Credit terms follow OECD guidelines
  • Single-buyer policies
  • Premium based on calculation of buyer and seller risk, buyer country risk, and tenor of export credit to buyer
  • Pre-Shipment – Export Contract: For production of non-standard goods for export, insurance for order cancellation; cover begins at the beginning of the production process and enables the exporter to obtain compensation from the Corporation if he is adversely affected by the cancellation of the order
  • Provides financing for buyers of Israeli exports
  • Financing modalities:
    • Insured loans
    • Bank-to-bank insured loans
  • Maximum financing size: Depends on eligible content
  • Credit terms follow OECD guidelines
  • Eligibility guidelines:
    • Minimum Israeli content of goods and services: 25% of contract value
    • Goods are 100% eligible if made in Israel
    • Services are 100% eligible if Israeli content is greater than 75%, otherwise use actual percentage of Israeli content if less than 75%
    • Maximum profit: 5% of contract value
  • Fees:
    • Premium: Calculated case-by-case
    • Commitment fee
  • As a substitute but similar to Buyer's Credit, the Corporation also insures export transactions by means of Inter-Bank Credit Lines
  • Available to new investments by Israeli domiciled companies or overseas companies controlled by Israeli companies.
  • Eligible investments:
    • Infrastructure investments (e.g., energy, communications, medicine) based on equipment exports from Israel
    • Subsidiaries of Israeli exporting companies
    • Industrial or agricultural enterprises based on either (i) export of Israeli equipment and knowledge, or (ii) that will result in increased production in host country based on regular supply of Israeli raw materials, semi-finished products, or knowledg
    • Tourism
    • Financial institutions
  • Cover availability: Equity investments and capital loans to eligible overseas investments
  • Cover: 90% of investment value
  • Term of cover: Up to 6 years
  • Waiting period: 12 months for claims payment
  • Premium: Up to 1.2% per annum of amount insured
  • Pre-conditions: Host country approval of Israeli investment
  • Unfair calling of bonds
  • Promissory notes - Forfaiting
  • LC confirmation

Policies


  • Anti-bribery certification regarding contracts
  • Down payment financing considered on a case-by-case basis
  • Reinsurance agreements with:
    • Atradius
    • Euler Hermes
    • MIGA
    • US EXIM
    • SACE
    • ATI
    • EXIAR
    • EGAP
    • TEBC
    • MEHIB
    • Bancomext
    • ECIO
    • ECI
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