TOOL TO CALCULATE MAXIMUM AMOUNTS IN CESCE COVERED LOANS
(Transactions subject to OECD Arrangement)

NOTE: this tool provides preliminary estimates. Final amounts will be defined on a case by case basis, taking into account any special features of the transaction.

Contract % of export contract value Maximum loan Limits
Spanish Goods & Services
Third country Goods & Services *
Local Costs
Agents commissions
Total
Downpayment **
Value of exported goods and services (export contract value)

* A higher percentage of third country goods and services may be include proveded the project is deemed to be of "national interes" by our Guardian Authorities.

** Minimum 15% of export contract value.

*** Export contract value does not take into account local costs.

The general limit is 85% of export contract value plus local costs, as long as the latter do not exceed 30% of export contract value.

Additionaly, 100% of CESCEs premium may be included in the loan. Also, on a case by case basis and with the Companys prior authorization, capitalized disbursement interest.