Overseas Untied Loan Insurance

This insurance covers losses suffered by a Japanese company or commercial bank that provided a foreign government or a company with long-term business funds untied to exports from Japan or that purchased bonds issued by a foreign government or a company for the purpose of long-term financing. The losses may be incurred when the Japanese company or commercial bank is unable to collect the loan or redeem the bonds due to war, revolution, prohibition of foreign currency exchange, suspension of remittance, force majeure, or bankruptcy/default of a borrower or a bond issuer.

This insurance also covers losses suffered by a Japanese company or a commercial bank that extended guarantee to the borrowings by its overseas subsidiary or a foreign government or company. The losses may be incurred when the guarantor fulfilled the obligation because of the failure of repayment of the borrowings due to war, revolution, prohibition of foreign currency exchange, suspension of remittance, bankruptcy, or force majeure.