AMSTERDAM/DEN HAAG - The Ministry of Finance and NWB Bank have signed a new agreement for offering CIRR financing through Atradius DSB.
Atradius Dutch State Business is the Dutch Export Credit Agency. It will thus remain possible to apply for CIRR financing through Atradius DSB for most export transactions.
CIRR (Commercial Interest Reference Rates) is a low fixed interest rate agreed within the OECD context and may be applied to export financing. Banks can apply for this through Atradius DSB together with a Buyer Credit Insurance policy. Foreign buyers can thus obtain credit at a favourable fixed interest rate to do business with
'NWB Bank's objective is to support government policies at the lowest possible financing costs. By refinancing Dutch exports on the basis of an internationally favourable fixed interest rate, NWB Bank is actively playing its part in the government policies deployed to improve the competitive position of Dutch exporters.'
More information is available on the updated product page:: CIRR - financing