GovWire

Guidance: Sovereign premium indicator tool

Uk Export Finance

October 23
17:29 2020

UKEF sovereign premium indicator

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Details

Use our premium indicator tool to obtain an indicative premium rate for medium or long-term transactions, where UKEF will be supporting a contract with an overseas sovereign buyer as the risk entity. This information is for guidance only. The details given by the tool may change at any time and no commitment on our part can be assumed or inferred. Please return to this location regularly to download the latest version.

The information given in no way commits us to providing cover for a particular contract, nor commits us to a premium rate. We will continue to develop the tool potentially to cover a wider range of input parameters and potential premium rate indications. We would welcome your feedback on what further development you would like to see.

You should contact our customer services team if you:

  • have a business enquiry
  • want more information
  • want to find a premium rate for a non-sovereign transaction, or for inputs not covered by the tool
  • want to discuss a premium indication
  • want to provide feedback on the tool or have problems using it

Contact us

Customer service

Definitions

A medium or long-term transaction is defined as a transaction where the credit terms are longer than 2 years. Our premium indicator is limited to transactions with a payment period between 3 and 10 years based on the range most common for transactions we have supported.

Sovereign risk entities are defined as entities explicitly legally mandated to enter into a debt payment obligation on behalf of the Sovereign State. These are typically a Ministry of Finance or Central Bank.

Guidance

At this stage indicative premium can only be given for buyer credit and direct lending facilities. More information on these and the other products UKEF offers can be found on our services and products page.

The tool provides indicative premium rates for countries where UKEF is on cover without restrictions. You can see a full list of UKEFs current cover policy and indicators for more information on our cover policy. The tool does not provide indicative rates for Market Benchmarking Countries (also termed Cat 0).

This tool will be updated when necessary. In order to ensure that the latest cover policy and premium rates are obtained, download the latest version for all indicative premium enquiries.

Published 23 February 2018
Last updated 23 October 2020 +show all updates
  1. Version 1.0.5 of the tool contains a small update to the underlying market data and market risk appetite limits.

  2. Version 1.0.4 of the tool contains a small update to the underlying market data.

  3. This version of the tool contains a small update to the underlying market data.

  4. We have updated our sovereign premium indicator tool to version 1.0.2.

  5. We have updated our sovereign premium indicator tool to version 1.0.1.

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