Ref. Ares(2017)6202432 - 18/12/2017
Ref. Ares(2019)4291643 - 05/07/2019
CHECKLIST
For reporting according to Regulation (EU) 1233/2011
I.
Reporting country information
Reporting Country
France
Submission Date
December 2016
Reporting Institution (Government
Bpifrance Assurance Export / Natixis (for
Department, ECA)
Official Financing Support)
II.
Reporting country legal and policy information
Mandate/Legal status of ECA
Bpifrance Assurance Export, a branch of a public
investment bank (Bpifrance SA), manages State
guarantees in the name, on behalf and under the
control of the French State in accordance with
articles L 432-1 to L 432-4 of the French
insurance code with the aim of promoting French
exports on the medium long and term and
foreign investments.
The management of these guarantees is entrusted
to Bpifrance Assurance Export within the
framework of an agreement with the State called
“convention de gestion”, under the terms of
which the state specifies both Bpifrance
Assurance Export’s overall objectives and results
it is expected to achieve.
Natixis, a private company, manages Interest
Make Up on behalf of the French State, within
the framework of a law and of an agreement
between the French State and Natixis.
Officially supported export credit • Interest Make Up scheme.
programs (in the sense of Article 5 of the
OECD Arrangement) during reporting
• Medium and long term (> 2 years) export
period
credit insurance includes the following
facilities :
- Buyer credit cover
- Supplier credit cover
- And related specific covers:
o Public works cover
o Airbus unconditional guarantee
o Bonds cover
o Discount and transfer of
receivables to banks cover
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o Letter of credit cover
No annual reports available for 2016 due to
Annual reports available on reporting year transfer of the State guarantees to Bpifrance.
III.
Information on the reporting Member State’s Export Credit policies:
General presentation of the reporting MS’ In addition to export credit guidelines, Bpifrance
policies on export credits, including all Assurance Export abides by a set of principles
information that can help the Commission for the operations it covers within the scope of
in carrying out its evaluation regarding the state guarantees. Those principles partake of the
compliance of the Export Credit Agencies different international commitments of the
with EU objectives and obligations1 (in the French State notably in the fields of environment,
sense of Article 3, Annex 1 of EU anti-bribery and sustainable lending.
Regulation1233/2011)
See below for more details.
Special information on the following
policies:
1) Environment:
Bpifrance Assurance Export applies the OECD
a) Do you apply the OECD
Recommendation, and has extended the scope of
Recommendation on Common Approaches the Common Approaches, normally limited to
to the Environment and Officially export credit transactions, to foreign investment
Supported Export Credits?
projects covered under PRI.
(its successor instrument the OECD
Recommendation on Common Approaches
on Officially Supported Export Credits and
Environmental and Social Due Diligence?)
b) any other relevant information
2) Human rights:
a) Do you apply the Human Rights related Bpifrance Assurance Export applies the Human
aspects of the
Rights related standards to which the Common
Recommendation on Common
Approaches refers, when conducting the
Approaches, on Officially Supported environmental and social due diligence.
Export Credits and Environmental and
Social Due Diligence?
b) Any other relevant information?
3) Anti-Bribery measures:
a) Do you apply the OECD
Further to the enactment into French law (articles
Recommendation on Bribery and
453-3 et seq. of the Penal Code) of the 1997
Officially Supported Export Credits?
OECD convention on combating bribery of
foreign public officials in international business
1 EP side suggested to use such a phrase (to ensure that it is not forgotten that the Regulation's official reference
is to "EU objectives and obligations)
2
b) Any other relevant information?
transactions and of the 2001 action statement
issued by the OECD working party on export
credit and credit guarantees, Bpifrance Assurance
Export took measures in order to prevent bribery.
These measures were strengthened in December
2006, upon the OECD Council’s adoption of the
Recommendation on bribery and officially
supported export credits: an ethical charter and
internal specific procedures have been set up.
A due diligence process is applied to each
application for cover. Applicants are required to
declare whether they, or anyone acting on their
behalf in connection to the transaction are:
On IFIs’ debarement lists; and/or
Under charge for bribery or have already
been convicted against bribery.
4) Sustainable Lending Practices:
a) Do you apply the OECD Principles and Bpifrance Assurance Export’s cover policy is in
Guidelines to Promote Sustainable line with those principles for countries subject to
Lending Practices in the Provision of IMF and/or World Bank non concessional
Official Export Credits to Low Income borrowing policies.
Countries?
b) Any other relevant information?
5) Other policies
- Multinational companies’ compliance with
rules of conduct in their international trading
activities is one of those principles. The general
statements of the policy stipulate that
policyholders must be aware of the OECD’s
guiding principles.
- Transparency: Ex ante: Bpifrance Assurance
Export publishes environmental and social
information on its website regarding projects
with a potentially significant impact at least 30
days before the final decision is made.
Ex post: Bpifrance Assurance Export also
publishes quarterly on its website covered
transactions of 10 M€ and more once the policies
are issued.
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IV.
Annual Activity Report data:
Explanatory note:
“MS shall report, in accordance with their national legislative framework, on assets and
liabilities, claims paid and recoveries, new commitments, exposures and premium charges."
From Regulation 1233/2011, Annex 1.
Member States that have more than one ECA should do one single integrated report (reporting
obligation is on the Member State as such, not the ECA). Where a MS offers at the same time
different types of products (pure cover and direct lending), the reporting under chapter IV
should however differentiate.
A) In case of official support is provided in the form of export credit guarantee or
insurance (“pure cover”) in the sense of Art 5 a 1) OECD Arrangement:2
Overview of assets
Overview of liabilities
Aggregate nominal risk exposure
• 01-01-2016
M EUR 75 059
• 31-12-2016
M EUR 68 698
a.) nominal risk exposure under insurance
policies issued
• 01-01-2016
M EUR 71 412
• 31-12-2016
M EUR 65 631
b.) nominal risk exposure under promises
and notices of cover
• 01-01-2016
M EUR 7 542
• 31-12-2016
M EUR 8 634
Premium Income
M EUR 225
Recoveries
M EUR 1 555
Claims paid
M EUR 90
B) In case official support is provided in the form of Official Financing Support in
the sense of Article 5a2) OECD Arrangement:
Overview of assets
Overview of liabilities:
a) nominal value of officially supported
loan portfolio
• 01-01-2016
MEUR 11 300
• 31-12-2016
MEUR 11 490
b) total value of off balance commitments
• 01-01-2016
• 31-12-2016
Interest received
Annual profit/loss
MEUR 113,8
V. Contingent
liabilities
Where contingent liabilities might arise
from officially supported export credit
activities, those activities shall be
reported:
2 Member States not using EUR should report the figures in their national currency and in EUR
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VI.
Evaluation and incorporation of environmental risks
Environmental risks:
In all, 144 projects have been under review in
2016, i.e. at any stages of the environmental and
social due diligence (including monitoring):
- 38 in category A
- 54 in category B
- 52 in category C
a) Number/exposure of transactions 3 transactions officially supported in Category A
Category A
b) Number/exposure of transactions
5 transactions officially supported in Category B.
Category B
How are environmental risks, which can Bpifrance Assurance Export assesses the
carry other relevant risks, taken into environmental and social impacts of its projects
account in the officially supported export in line with the international standards of the
credit activities?
World Bank Group and ensures that all projects
are in line with the relevant guidelines.
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Document Outline