In the United States, the Export-Import Bank (EXIM) acts as the official export credit agency of the nation, offering financial support to manufacturers and other companies interested in exporting U.S. goods and services. In addition to lending at fixed rates, EXIM provides guarantees to companies – including buyers of U.S. goods – for financing from commercial banks and other lenders, even helping facilitate the borrower to leverage receivables as collateral.
In Germany, the insurance company Euler Hermes offers insurance coverage for exporters' foreign trade transactions. Both commercial banks and specialized state credit institutions may grant financing for exports – provided that the loan is insured by Euler Hermes. These state institutions include the KfW Development Bank and the AKA Export Credit Society. It is worth noting that today, Euler Hermes operates in over 50 countries, and holds over 35% of the total shares of the global credit insurance market.
The Russian model differs from both the American and German ones. The main player in the export credit and insurance market is the Russian Export Centre (REC), which includes Eximbank of Russia and the Export Insurance Agency of Russia (EXIAR).Until 2017, commercial banks did not recognize exporters as their own unique group of customers. As their numbers rose, it became clear that the existing lending conditions in the Russian Federation were no longer satisfactory. Since then, a new regulation had been put in place that facilitates companies' access to financial resources. According to its documentation, Eximbank as well as other banks included in the support program can provide preferential financing for exporters. A federal budget provides these banks with funds to subsidize their interest rates for export-related loans.
In China, the state-owned China Export & Credit Insurance Corporation (SINOSURE) has operated since 2001 in a similar manner, supporting the export of Chinese high-tech products and other goods of considerable value. The State Export Credit Insurance Risk Fund forms SINOSURE capital in accordance with the national budget.
The world's top exporting countries make use of a combined state and commercial solution to allow their companies to conduct international trade, allowing them to increase exports of non-primary goods with a higher added value. Russia is gradually introducing this business model.