Clifford Chance
New Dutch export credit guarantee scheme - initial observations
7 May 2012
On 27 April 2012 the Dutch Ministry of Finance issued a press release in which it announced that the existing Export Credit Guarantee Scheme of the Netherlands originally promulgated on 10 November 2009 (as amended) will be made more attractive for Dutch exporters and will be replaced by a new Export Credit Guarantee Scheme.The New Scheme will be carried out on behalf of the Dutch State by Atradius Dutch State Business and will come into force on 1 June 2012 until (initially) 31 December 2014.
It is recognised that it has become more difficult for Dutch exporters to obtain long term funding at an attractive price from banks as compared to their foreign competitors. Exporters in other European countries are benefiting from state instruments that are available to support export financing. The Dutch Cabinet hopes that with the New Scheme, Dutch exporters will be more successful in securing orders abroad.
