The premium is determined through an assessment of each case.
Counter-guarantees to banks:
GIEK normally applies the same premium rate that the bank charges the exporter. GIEK will pass on a certain proportion of its premium to the bank as compensation for its administrative work.
The coverage rate is normally 90%.
Pricing
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Unfair calling of bonds:
The premium must be paid when the guarantee enters into force. The premium rate is from 1% - 2% of GIEK’s liability depending on the guarantee term and country risk.
