Role of the bank
The bank arranging the credit, other banks participating the financing arrangement and the borrower sign a credit agreement that the bank transfers to Finnish Export Credit Ltd (FEC) for financing. The bank arranging the credit is responsible for documentation and shall administrate the credit and Finnvera’s guarantee throughout the entire life of the credit.
FEC charges the borrower a case-specific margin above the base rate, a commitment fee and a handling fee for renewing the offer.