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08.11.2022

Extension of the temporary relaxation of advance payment conditions

Extension of the temporary relaxation of advance payment conditions

The OECD has extended the temporary relaxation of advance payment conditions by one year, until 4 November 2023. This means that public-sector buyers in countries not classified as high-income OECD countries will continue only to be required to make an advance payment of a mini-mum of 5% for state export credit support. This means that the maximum possible support from SERV in these cases is 95% of the export contract value. 

Under the original rule, export credit support always required an advance payment of at least 15% of the export contract value. 

The relaxation for public-sector buyers outside of high-income OECD countries came into force on 5 November 2021 and originally applied until 4 November 2022.

If you have any questions, please contact Sara Trüb, Assistant Vice President, Strategic Initiatives & Public Relations.