There are no formal restrictions on cover.
Cover facilities are available for private buyers with a limit on the size of the individual transaction of 10 million euros.
As a rule, no cover facilities are available for public buyers, however, transactions having special priority may be covered on a case-by-case basis.
If the foreign buyer’s creditworthiness is inadequate bank security is required. State collateral – usually from the Ministry of Finance – may be accepted on a case-by-case basis.
The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.