New EU Commission rules on short-term export credit insurance cover

(Creditman, London, 18 January 2013) A revised Short Term Communication from the EU Commission came into effect on 1 January 2013 and will be valid until 31 December 2018. As a result UK Export Finance, in common with its counterparts in other EU countries, remains prohibited from providing trade credit insurance cover for exports to buyers in the EU and in certain other OECD countries where the risk horizon is under two years.