Foreign exchange trade insurance

Develop exports by submitting commercial offers in foreign currency without incurring exchange rate risk

The advantages of Foreign exchange trade insurance

For the exporter

  • Submit a commercial offer in foreign currency from the negotiation phase
  • 100% coverage of the exchange loss recorded at payment deadlines compared to the guaranteed forward rate.
  • The company retains management of its flows with the bank.
  • Possibility of having management flexibility in the event of postponement or anticipation of payment deadlines
  • Speed: decision-making within 48 hours

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Our Foreign exchange trade insurance solution

The essentials to know

Protects against currency depreciation from the moment the commercial offer is submitted until the final payment under the export contract.

Thanks to the profit-sharing option*, the company can benefit from the improvement in the euro/currency rate during the negotiation period.

*Variant with interest: integration of 50% or 70% of the difference between the initial spot rate and the spot rate on the day of the revision, until the conclusion of the commercial contract.

With each payment, comparison of guaranteed rates vs. daily rates:

  • if you have a loss in exchange rate, you are compensated 100%;
  • If an exchange profit is recorded, it will be paid to Bpifrance, the objective being to neutralize the exchange risk.

Irrevocable guarantee from the moment the guaranteed price is set.

Eligible insured persons

  • French exporting companies regardless of size and sector of activity (excluding international trading operations) facing proven competition
  • In a situation of commercial risk
  • On individual export projects

Conditions of eligibility for Foreign exchange trade insurance

French part

Minimum French share of 20% or company holding an Export Pass

Eligible countries

All countries are eligible except those excluded under Export Financing Policy

General conditions apply

Having signed the subscription policy

Financial conditions

Prime:

  • Billed upon determination of the guaranteed rate and partially refundable in the event of failure of negotiations.
  • Rate applicable depending on the guaranteed currency, the duration of the negotiation and the profit-sharing conditions retained (for the variant with profit-sharing), it being specified that a minimum premium of €150 is applied.

The characteristics of Foreign exchange trade insurance

Eligible currencies

US Dollar, Canadian Dollar, Pound Sterling, Yen, Swiss Franc, Danish Krone, Swedish Krona, Norwegian Krone, Singapore Dollar, Hong Kong Dollar, Australian Dollar, New Zealand Dollar.

Currencies subject to conditions: Thai Baht; Czech and Icelandic Koruna; Ghanaian Cedi; Taiwanese Dollar; Emirates Dirham; Moroccan Dirham; Serbian Dinar; Hungarian Forint; Turkish and Egyptian Lira; Romanian Leu; Nigerian Naira; Mexican, Chilean, Philippine and Colombian Peso; South African Rand; Indian and Indonesian Rupee; Malaysian Ringgit; Chinese Renminbi; Brazilian Real; Saudi Riyal; Israeli Shekel; Peruvian Sol; Kazakhstani Tenge; Korean Won; Polish Yen and Zloty.

Duration

The negotiation period covers the period of negotiation required to obtain the entry into force of the export contract. Standard durations are available: 3, 6, 9, 12, 15, 18, 21, and 24 months. The payment period is added to this period.

Subscription

You are already a Change Insurance customer and have a subscriber account: Your online space

You do not have a subscriber account and wish to submit the insurance contract change form by email to assurance-export-change@bpifrance.fr

 

Need help? Contact the dedicated foreign exchange insurance service: assurance-export-change@bpifrance.fr

They benefited from our offer

Fabian
VAL
CORRUGATED LEATHER MACHINERY
President
Foreign Exchange Insurance allows us to prepare quotes for our client in their own currency. This allows us to work in both dollars and pounds sterling at the same time as we create the quote, so we can do so well in advance, and we no longer have to worry about risk. It's a great tool!
Pascal
GUASP
MICR'EAU
President
To my knowledge, Bpifrance is the only company in Europe that can cover this type of risk, and I recommend it to all businesses and SME friends. Foreign Exchange Insurance is a simple and quick tool that has eliminated a major concern for us: currency fluctuations during the negotiation phase. Thanks again, Bpifrance.

Find all the related documentation

Acceptation des conditions générales Négociation et Négociation avec intéressement

12/06/25 - 81,08 KB

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Conditions générales Négociation et Négociation avec intéressement

12/06/25 - 167,10 KB

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Formulaire Déclaration Conclusion - Entrée en vigueur Assurance Change Export

12/06/25 - 75,48 KB

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Demande d'assurance Change Négociation

12/06/25 - 139,82 KB

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Guide d'utilisation Assurances Change

12/06/25 - 2,07 MB

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Discover our complementary device(s)

Discover our additional support system(s) for exporting companies

Export Pass

Want to know more ?

Test the eligibility of your project or request to be contacted by an international business manager

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Request for Foreign Exchange Insurance

Apply for Exchange Rate Insurance online

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Quotation simulator

Use our simulator to get an estimate of an exchange rate or premium

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FAQ Insurance Exchange Negotiation

Individual export operations subject to an offer and signature in foreign currency as well as those with at least 20% French share (international trade excluded) to a country open under the Export Financing Policy.
There is no minimum or maximum amount. The only minimum amount is the insurance premium, payable when the coverage is set up, of 150 euros.
The rate and amount of the premium is determined based on three characteristics: the amount of the transaction to be hedged, the currency being hedged, and the duration of the trading period. The premium is calculated on the day the futures price is quoted and payable within 3 days of that date.
The guaranteed forward rate is calculated from the spot rate on the day of quotation to which the forward points are allocated. The forward points correspond to the increase or decrease of the spot rate depending on the interest rate differential (between the guaranteed currency and the Euro) used by Bpifrance. The quotation of the guaranteed forward rate is carried out after the transmission of the guarantee promise and on the date requested by the exporter.
Yes, by subscribing to the profit-sharing option.
The validity period corresponds to the negotiation period required by the exporter to obtain the conclusion of the commercial contract and its entry into force. It is counted from the date of determination of the guaranteed rate. The negotiation period corresponds to the time required to obtain the signature of the contract. At the end of this period, if the company has not signed its contract, then the approval is canceled. If the company obtains the signature of the contract without its entry into force, then the guarantee can be extended up to 12 months to obtain the entry into force of the contract.
If the negotiation period does not allow the conclusion of the commercial contract, the guarantee is terminated and the premium returned at 80% in proportion to the remaining validity period of the negotiation period.
The Insured is required to inform Bpifrance Assurance Export of the conclusion of the commercial export contract and its entry into force using the standard template provided by Bpifrance Assurance Export and in force on the date of the event. This notification must be made within ten trading days following the date of conclusion.
Yes, upon simple email request from the exporter. In the event of a deadline extension, the forward rate is recalculated to take into account the new average weight of payments. Market conditions are thus reflected and the guaranteed forward rate may be reduced.