There are no formal restrictions on cover.
No cover facilities available for public buyers.
For transactions with state-owned buyers cover facilities are available on a case-by-case basis provided that they are established as private sector organizations and operate without recourse to public funds. Smaller transactions can be considered for cover.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.
If the foreign buyer’s creditworthiness is inadequate, bank security is required.