This is an HTML version of an attachment to the Freedom of Information request 'Request for ECA Activity Reports 2015 2016'.



 
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 

 

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) 

 

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:  
ƒ  On IFIs’ debarement lists; and/or 
ƒ  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. 
 
 

 

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 

 

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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