By Charlotte GAUCHON
10 April 2025
Export operations require considerable financial resources. Exporters often have to incur significant expenses long before they receive payment from their foreign customers. This is why the banking system has developed several financing mechanisms tailored to these specific needs. Pre-financing loans: financing the manufacturing period Pre-financing loans cover the needs of suppliers during the contract performance period. These loans are used when the exporter's expenditure exceeds the amount of the advance payments received. Specialised pre-financing These credits are granted for a specific export transaction. They are generally short-term and may be backed by a guarantee from COFACE (Compagnie française d'assurance pour le commerce extérieur). According to the article in the JurisClasseur Droit bancaire et financier (2009), «Specialised pre-financing loans are granted on a short-term basis. However, COFACE issues, on behalf of the State, an insurance policy enabling the banker who provides the credit to...
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