Market Prospection Repayable Advance
Prospecting new export markets
The advantages of Market Prospection Repayable Advance
For the exporter
Export Prospecting Insurance covers 50% or 65%* of expenses incurred during prospecting in new export markets and offers:
- immediate cash flow support
- insurance against the risk of failure of prospecting efforts
- a refund based on commercial success
*65% for industrial companies or those that have undertaken a greening initiative; 50% for companies not meeting either of the two criteria
Our Market Prospection Repayable Advance solution
The essentials to know
Prospecting Insurance covers part of the prospecting costs incurred by the company which could not be offset by a sufficient level of sales in the covered geographical area.
Covered expenses: these must be new expenses incurred by the company
- Travel and stays abroad, salaries and expenses during the travel period
- Creation of an export service, recruitment, training, salaries and employer contributions for staff
- Marketing expenses, market research, legal advice, advertising, website creation and product market adaptation costs...
- Operating costs of a commercial establishment abroad (sales agents, sales office, subsidiaries)
- Commercial events, collective missions
Prospecting Insurance is paid in the form of compensation; its reimbursement is made up of a minimum flat-rate reimbursement of 30% followed by an additional reimbursement based on the turnover achieved in the countries concerned.
Systematic payment of 50% of the compensation upon signing the contract, and the balance paid at the end of the prospecting period, on the basis of a Summary Statement of Eligible Expenditure (ERDE).
Eligible insured persons
French companies from all sectors (excluding international trading and the oil & gas sector) with a turnover of less than €500 million, having published a balance sheet of at least 12 months and whose products and/or services are already marketed.
The conditions of Market Prospection Repayable Advance
French part
Minimum French share of 20%
Eligible countries
All foreign countries are eligible for the exclusion of prohibited countries under the PFE (Export Financing Policy) in force.
Refund
Reimbursement is based on the turnover achieved in the countries covered during the term of the contract. It is at least 30% of the compensation received and cannot exceed 100% of it.
Reimbursements are quarterly, at maturity.
Financial conditions
Single bonus of 3% applied to the amount of the guaranteed budget and taken from the amount of the first payment.
The characteristics of Market Prospection Repayable Advance
Guaranteed quota
- 65% for industrial companies or those that have undertaken a greening approach to their activity;
- 50% for companies not meeting one of the two criteria.
Duration
Total duration of 7 or 9 years with 3 periods
- Over 7 years
- Prospecting period: 2 years
- Franchise period: 2 years
- Repayment period: 3 years
- Over 9 years
- Prospecting period: 3 years
- Franchise period: 2 years
- Repayment period: 4 years
They benefited from our offer
Saint Chaffray
Girerd
Find all the related documentation
Want to know more ?
Test the eligibility of your project or request to be contacted by an international business manager
Request for liquidation of old Prospecting Insurance
Submit a request for liquidation of old Export Credit Insurance (for Export Credit Insurance contracts taken out before May 2, 2018).
Make a request