Exar Russian export center. State export insurance. Basic conditions of insurance

One of the slow recovery factors national economy our country in the post-crisis period is the lack of full and effective support for national exporters, while, for example, China has such a system and is functioning properly, contributing to rapid development economy of this country.
There are several state-owned companies in the PRC that provide support to national exporters: the Export-Import Bank of China (Eximbank) and the State Export Credit Insurance Corporation (China Export & Credit Corporation (Sinosure)).
Eximbank was founded in 1994 and is wholly owned by the PRC central government. Eximbank of China is the conductor of the state banking policy under the direct supervision of State Council China. The Export-Import Bank of China carries out the following activities:
1) concessional lending domestic producers;
2) concessional lending to foreign buyers;
3) provision of international guarantees.
China Export & Credit Corporation (Sinosure) specializes in export credit insurance and promotes Chinese exports and investment. Priority is high-tech products. Sinosure provides export credit insurance against non-payment risks, finance, information and management services accounts receivable. Since the founding, Sinosure has supported the export of total amount more than 250 billion US dollars and contributed to obtaining loans for more than 450 billion yuan in 110 different banks.
In Russia, the situation with state export insurance is fundamentally different from the state of affairs in China. To date, the Government of the Russian Federation declares the need to create government agency for export credit insurance, and market experts make proposals for changes to the legislation that must be adopted in order for the agency to fully function and perform its direct functions.
For these purposes, developed special project Federal Law "On Amendments to Certain Legislative Acts Russian Federation in order to improve the mechanism for insuring export credits and investments against commercial and political risks". This project was developed in accordance with the action plan of the Government of the Russian Federation for the implementation in 2009 - 2012 of the main directions of the foreign economic policy of the Russian Federation until 2020.
The draft law is aimed at resolving the issues of organization in the Russian Federation of activities for insurance of export credits and investments against commercial and political risks.
In accordance with federal law"About the Development Bank" Vnesheconombank is a state-owned corporation whose activities, among other things, are aimed at supporting the export of Russian goods and services, including insurance of export credits and investments in accordance with the procedure established by the Government of the Russian Federation.
The draft law provides that in order to organize insurance of export credits and investments against commercial and political risks, Vnesheconombank creates an open joint stock company.
The organization by Vnesheconombank (VEB) of export credit and investment insurance by creating a specialized subsidiary and establishing a special regulation procedure for its activities will create the necessary legal and organizational conditions for the functioning of a foreign economic institution in accordance with international practice.
In order to form an integrated and efficient system of state financial support for exports in Russia, on July 28, 2010, at a meeting of the VEB Supervisory Board, a decision was made to create a Russian state agency for export credit and investment insurance in the form of an open joint-stock company with 100% participation of Vnesheconombank in its authorized capital.
Taking into account international experience functioning of national export credit agencies (SACE (Italy), Coface (France), etc.), this organizational and legal form will provide the most optimal and open model of management and development of an organization acting in the public interest.
At present, commercial financial institutions are not ready to take on a significant part of the risks associated with supporting national exports of goods and foreign investments in individual countries, due to high level such risks and difficulties in managing them, as well as a costly implementation mechanism and a low level of profitability of this activity, the lack of guarantees by the state of their obligations (Karyakin M.Yu. Insurance of political risks of foreign trade operations and international investments (questions of theory and methodology). M .: "Avoir Consulting", 2002).
As can be seen from the table below, state activity on insurance of export credits and investments, carried out by the agency, will not create competition for existing commercial insurance organizations. The activities of the state agency will focus on providing complex financial services for exporters and investors for which Russian commercial insurance organizations will not be willing to offer insurance products(in particular, insurance of short-term export credits (up to 3 years) against political risks, export credits for a period of 3 to 15 years, short-term risks on operations in countries that do not have an investment rating, risks of developing foreign markets, investments Russian companies abroad from political risks).

Basic differences in the methods of operating public and private structures for export credit insurance

The establishment and operation of a state export credit insurance agency should provide competitive financing conditions for domestic companies engaged in international commercial activities.
The insurance support of the agency, which assumes a significant part of commercial and political risks, will greatly facilitate Russian exporters' access to bank lending, as well as contribute to obtaining funding for more favorable conditions In addition, it will increase the effectiveness of their participation in international trades, provide protection against non-repayment of the loan provided, and at the same time stimulate the development of an export financing mechanism.
In accordance with international practice and in order to ensure the competitiveness of public services, the agency may be provided with financial support from VEB in the form of guarantees and / or in other forms, as well as state support in accordance with budget legislation in the form of budget investments, state guarantees.
In order to stimulate participants in foreign economic activity for insurance of export credits and investments, as well as to ensure the correct functioning of the activities of the state. agency bill provides for amendments to tax code Russian Federation. Changes are planned in terms of establishing a preferential taxation regime for the provision of services for insurance, co-insurance and reinsurance of loans and investments against commercial and political risks when calculating value added tax and income tax, as well as in terms of reducing the taxable base of participants in foreign economic activity when calculating tax on profit.
As a result of the adoption of amendments to the legislation, a specialized institution for insurance of export credits and investments will be created, which will create conditions not only for the restoration, but also for strengthening the position of Russian high-tech exports of goods and services both in foreign markets and in the markets of partners.
Initially, the state agency for export insurance will be a 100% subsidiary of Vnesheconombank with a capital level of 30 billion rubles. Taking into account decision Ensuring the company's capitalization in the specified amount will allow it to insure export credits in the amount of up to USD 1.05 billion in 2011 without additional financial support.
As the society develops and the volume of risks insured by it increases, it is assumed that its activities will be carried out with the provision of financial support from VEB (in the form of guarantees and / or other forms), as well as state support in accordance with the budget legislation of Russia (budget investments, state guarantees) .
In 2012 - 2013 Maybe provision of state guarantees Russian Federation under the obligations of Vnesheconombank under its bank guarantees issued under the obligations of the state. agencies under insurance contracts, which will allow him to receive an investment credit rating in the medium term international agencies not below the sovereign level. Wherein insurance policies export credit insurance agencies will be used as collateral for obtaining loans by exporters or their foreign counterparties in Russian and foreign credit institutions on competitive terms with the minimum tariff rate.
It is expected that by 2013 the agency will insure export credits totaling more than USD 14 billion, which will provide insurance support for over 15% of all Russian exports of machinery, equipment and Vehicle, construction and engineering services in the specified period.
The activities of the society will be carried out in accordance with the norms of the World Trade Organization and the Organization for Economic Cooperation and Development. The fundamental international document in the field public funding and foreign trade insurance is Agreement on Official Support for Export Credits("Arrangement on officially supported export credits"), which defines the provision of export credits as official export support measures. credit guarantees and insurance of export credits by specialized financial institutions established and operating with state support. Regulations this document, in particular, the classification of countries by risk categories, country and sectoral insurance limits, maximum coverage periods and minimum premium rates are established.
The proposed introduction of preferential taxation in relation to the activities of the company, including in terms of reducing the tax base of participants in foreign economic activity, will not lead to a reduction in the revenue side federal budget, due to the fact that the activity on insurance of export credits and investments with financial support was not carried out and tax incentives were not provided earlier.
It should be noted that failure to provide tax incentives state. agencies will result in the taxation of the amount of insurance premiums paid by its clients (insureds) with value added tax. According to the calculations of the basic performance indicators of the state. agencies in 2011 - 2013 the amount of insurance premiums in the specified period will amount to 459.6 million US dollars.
Failure to provide tax incentives for income tax to companies that will use the services of state. agency, will lead to the need for policyholders to attribute the amount of insurance premiums to profit. It should be noted that the non-acceptance of the proposed taxation regime of the company makes its insurance products economically unprofitable for enterprises and will not allow achieving the set goals, which will have an impact on the reduction in insurance volumes, since participants in foreign economic activity will have no incentive to insure export credits and investments from commercial and political risks.
In general, we note that state machinery providing insurance coverage for deliveries using the export credit instrument is one of the main methods of risk management when conducting foreign trade operations. Export credit insurance is essential financial mechanism which is aimed at providing greater financial protection to national exporters, which ultimately has a positive effect on the development of national exports, therefore, actions to create a state export insurance agency in Russia are justified and necessary on the path to diversifying Russian trade and modernizing the economy.

Date of entry of the operator in the register: 31.12.2019

Grounds for entering the operator in the register (order number): 234

Operator location address: 123610, Moscow, emb. Krasnopresnenskaya, 12

Start date of personal data processing: 01.01.2020

Subjects of the Russian Federation on the territory of which the processing of personal data takes place: Moscow

Purpose of personal data processing: For the purpose of Carrying out insurance activities in accordance with the legislation of the Russian Federation and the Charter of EXIAR JSC,

Description of the measures provided for by Art. 18.1 and 19 of the Law: 1. Differentiation of access rights of the Bank's employees to information system personal data, workstations and local area network. 2. Perform identification and authentication of users when logging in with a semi-permanent password of at least eight alphanumeric characters. 3. The use of software and hardware and software for protecting personal data that have passed the conformity assessment procedure in the prescribed manner (anti-virus programs, firewalls, cryptographic protection tools). 4. Use of a certified operating system at workstations involved in the processing of personal data. 5. Use of the secure software package "1C: Enterprise, version 8.3.z", in which personal data is processed. 6. Use of security analysis tools for operating systems and application software. 7. Use of electronic digital signature. 8. Use of a centralized backup and recovery system. 9. Registration of the beginning and end of work in the information system of personal data indicating the user's data. 10. The transfer of personal data through open communication channels is carried out using software, software and hardware systems and cryptographic protection tools. 11. Storage of information on paper and (or) electronic media is carried out in specially equipped cabinets or safes, while: the premises are equipped with fire and burglar alarms, access to the building and premises of EXIAR JSC is carried out by magnetic passes using the access control and management system , after the end of the working day, the premises are handed over under protection. 12. Issuance of administrative documents defining the Bank's policy regarding the processing of personal data. 14. Appointment of persons responsible for organizing the processing of personal data.

Categories of personal data: surname, name, patronymic, year of birth, month of birth, date of birth, place of birth, address, marital status, education, profession, income, TIN, SNILS, information about the document confirming the right foreign citizen or stateless persons for stay (residence) in the Russian Federation (number, where, by whom, when and for how long issued), information about migration card(card number, mark of the border control authority), information about military duty and military service

Categories of subjects whose personal data are processed: Belonging to employees of EXIAR JSC, who were or are in labor relations with EXIAR JSC, the closest relatives of EXIAR JSC employees, affiliated persons, individuals who performed or are performing work or providing services on the basis of civil law contracts concluded with EXIAR JSC, individuals who are authorized representatives of counterparties to whom EXIAR JSC provides services on the basis of relevant agreements, visitors to EXIAR JSC.

List of actions with personal data: By collecting, recording, systematizing, accumulating, storing, clarifying (updating, changing), extracting, using, transferring (providing, accessing), depersonalizing, blocking, deleting, destroying

Processing of personal data: with transmission by internal network legal entity, without transmission over the Internet, mixed

Legal basis for the processing of personal data: Guided by Art.Art. 86-90 of the Labor Code of the Russian Federation, the Charter of EXIAR JSC, approved by the decision of the sole shareholder, minutes No. 57 of July 25, 2017, Federal Law No. 152-FZ of July 27, 2006 "On Personal Data",

Availability of cross-border transmission: No

Database location details: Russia

Insurance support for exporters is provided by JSC Russian Agency for Insurance of Export Credits and Investments (EXIAR) www.exiar.ru.

EXIAR products are designed to protect Russian exporters
(as well as the banks that finance them) from the risk of non-payment by a foreign counterparty on:

export credits;

Export deliveries carried out on the terms of deferred payment;

Confirmed letters of credit.

Basic conditions of insurance:

For each transaction, up to 95% of losses are covered in case of political risk realization and up to 90% - in case of commercial risk.

Benefits of insurance at EXIAR JSC:

An insurance contract can act as collateral for a loan that the exporter attracts for the implementation of the export contract;

Competitive financial conditions export transactions;

Removal of administrative responsibility and sanctions provided for by the Code of Administrative Offenses and currency control, for non-receipt of foreign exchange earnings to the Russian Federation;

Allocation of the cost of the EXIAR insurance premium to the expenses of the organization (VAT is not charged).

The procedure for considering an export project and concluding an insurance contract:

1. Conducting initial negotiations; sending information to analyze the possibility of providing insurance coverage to EXIAR (information about the exporter, buyers, terms of the export contract, terms of financing the transaction).

2. Carrying out a preliminary risk assessment for the project - a preliminary conclusion on the possibility of providing EXIAR insurance coverage.

3. If there is an export contract, as well as all the necessary information on the project - structuring the transaction, underwriting and risk assessment (taking into account country risks and the results of studying the project and financial condition buyer).

4. Formation of a conclusion (determining the conditions and cost of insurance).

5. Preparation and submission of a commercial offer to the insured.

6. Preparation and approval of the draft insurance contract.

7. Signing the insurance contract.

Documents required for consideration of an export project:

Application for insurance with a description of the export project;

Information about the foreign counterparty, including financial statements(balance sheet, income statement);

Export contract or its draft;

Loan agreement (letter of credit) or its draft;

The amount of the insurance premium is determined based on the following factors:

The financial condition of the debtor;

The level of risk associated with a foreign country;

The amount and term of the export credit;

The share of own retention of risk by the insured;

Sum insured (limit of insurance liability), insurance value and their ratio;

Other factors established by the insurance rules for individual products.

To simplify the procedure for preliminary consideration of export projects in need of support, EXIAR OJSC is ready to accept documents on e-mail for preliminary review:

Aksenov Konstantin Alexandrovich - Head of Client Relations Department

[email protected]

Products and services of EXIAR JSC:

Buyer credit insurance

The product is designed to protect a Russian or foreign bank from the risk of loan default.

The coverage extends to a loan granted to a foreign borrower to fulfill obligations under export contract concluded with the Russian exporter.

Supplier credit insurance

The coverage applies to certain deliveries made on a deferred payment basis.

Comprehensive export credit insurance

The product is designed to protect Russian exporters (as well as the banks that finance them) from the risk of non-payment by a foreign buyer.

The coverage applies to regular deliveries of homogeneous goods carried out on a deferred payment basis.

Confirmed letter of credit insurance

The product is designed to protect a bank confirming a letter of credit from the risk of not receiving a refund on it.

Coverage applies to letters of credit issued foreign banks to pay for the export of Russian goods (works, services).

Guarantee Insurance

The product is designed to protect Russian exporters who have provided a guarantee from the risk of its performance for reasons not related to the violation of obligations by the exporter.