Vientitakaus

Vientitakaus is a term of Finnish origin that translates to "export guarantee" or "export credit insurance." It refers to a financial instrument provided by a government agency or a private insurer to protect exporters against the risk of non-payment by foreign buyers. This protection can cover various risks, including commercial risks such as insolvency or default of the buyer, and political risks such as war, civil disturbance, or currency inconvertibility in the buyer's country.

The primary purpose of vientitakaus is to facilitate international trade by mitigating the risks associated with exporting goods and services. By providing this security, it encourages businesses, especially small and medium-sized enterprises, to engage in export activities that they might otherwise deem too risky. This, in turn, can boost a nation's export performance and contribute to economic growth.

In Finland, the primary provider of export credit guarantees is Finnvera, a specialized government financial institution. Finnvera offers a range of guarantee products tailored to different export scenarios and risk profiles. These guarantees can cover both short-term and long-term export transactions, ensuring that Finnish exporters can operate with greater confidence in global markets. The availability of vientitakaus can also improve an exporter's access to financing, as banks may be more willing to provide credit when the export receivables are guaranteed.