Green Investment Loans

The Insured Party is the bank that provides financing to the foreign subsidiary of a Spanish group* or company.

The financing ​​​to be insured must be allocated to funding an overseas project that meets the requirements for being considered a green project (according to the EU Taxonomy or Annex I of the OECD Consensus).

Green projects or financing are all those that meet the requirements set out in the EU Taxonomy*, which covers the following categories:

• Climate change mitigation
• Climate change adaptation
• The sustainable use and protection of water and marine resources
• The transition to a circular economy
• Pollution prevention and control
• The protection and restoration of biodiversity and ecosystems

*Obtain the green qualification from an approved certifying company will be a requirement.

Likewise, all those included in Annex I of the OECD Consensus will be considered green projects or financing:

• Producción de energía a partir de fuentes renovables
• Aguas
• Transporte de cero y bajas emisiones 
• Transmisión, distribución y almacenamiento de energía
• Otros proyectos de mitigación y adaptación al Cambio Climático

In principle, third-party certification is not required.

Commercial risks (80% maximum coverage)

Non-payment due to de facto insolvency (prolonged default) or a statutory filing in law (bankruptcy, suspension of payments, etc.) of the debtor and, where applicable, of the guarantor

Political risks (99% maximum coverage)

Non-payment or lack of transfer or convertibility due to situations of political violence, catastrophic events, serious economic difficulties abroad, expropriation, nationalisation of the debtor or guarantors, measures adopted by the Spanish government or by a foreign government, etc.
 

The cost of the premium varies depending on factors such as the country, the percentage of coverage, the duration of the risk, and the creditworthiness of the debtor.

You can calculate the estimated amount of the premium by using our OECD premium calculator.   

• After receiving an application, Cesce analyses the risk associated with the requested coverage based on the information provided by the Insured Party. 
   

• If the company has a favourable credit rating from  Inbonis Rating, the assessment time is reduced, as Cesce recognises this agency’s ratings.

• Once the risk has been analysed, the Company submits a proposal to the decision-making body (State Risk Commission).
   
• If approved, Cesce will issue a proposal of terms and conditions. If the Insured Party accepts the proposal, the coverage will be formalised once the parties have signed the Insurance Policy and the Insured Party has paid the premium. 

If you are interested, you can fill out the application and send it by email to cuentadelestado@cesce.es If you have any questions, please call 900 115 000 or send us your details and we will contact you.