Glossary → EXIAR (export credit insurance)
EXIAR (export credit insurance)
EXIAR is the Russian Agency for Export Credit and Investment Insurance (part of the REC group). It insures exporters and banks against the risk of non-payment by a foreign buyer, including commercial and political risks.
EXIAR insurance makes it safer to work with deferred payment and new markets, and allows banks to finance exports. It complements instruments such as the letter of credit and factoring.
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