Swedish Export Credit Corporation

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The Swedish Export Credit Corporation (Swedish : Aktiebolaget Svensk Exportkredit) is a state-owned corporation that serves as an export credit agency. [1] It provides medium- and long-term export credits. It works with the Ministry of Finance.

Swedish language North Germanic language spoken in Sweden

Swedish is a North Germanic language spoken natively by 9.6 million people, predominantly in Sweden, and in parts of Finland, where it has equal legal standing with Finnish. It is largely mutually intelligible with Norwegian and to some extent with Danish, although the degree of mutual intelligibility is largely dependent on the dialect and accent of the speaker. Both Norwegian and Danish are generally easier for Swedish speakers to read than to listen to because of difference in accent and tone when speaking. Swedish is a descendant of Old Norse, the common language of the Germanic peoples living in Scandinavia during the Viking Era. It has the most speakers of the North Germanic languages.

An export credit agency or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export financing. The financing can take the form of credits or credit insurance and guarantees or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two.

The Ministry of Finance is a Swedish government ministry responsible for matters relating to economic policy, the central government budget, taxes, banking, security and insurance, international economic work, central, regional and local government.

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References

  1. "AB Svensk Exportkredit | Company profile from Hoover's". Hoovers.com. 2010-10-21. Retrieved 2011-09-20.