LIMITED
Ref. Ares(2018)3351066 - 25/06/2018
Ref. Ares(2019)4291643 - 05/07/2019
CHECKLIST
For reporting according to Regulation (EU) 1233/2011
I.
Reporting country information
Reporting Country
Belgium
Submission Date
30 August 2016
Reporting Institution (Government
Delcredere | Ducroire
Department, ECA)
II.
Reporting country legal and policy information
Mandate/Legal status of ECA
Delcredere | Ducroire is an autonomous public
financial institution with legal personality and
guaranteed by the Belgian State (law of 31
August 1939)
Officially
supported
export
credit - insurance of supplier credits
programs(in the sense of Article 5 of the - insurance of buyer credits
OECD Arrangement) during reporting - insurance of buyer credits in local currency
period
- insurance of special cash transaction
- bonds
- Insurance of contracting equipment
- insurance of investments
- financial guarantees
- forfaiting
- export funding guarantee
- buyer credit (for amounts between €2 million
and €5 million)
Annual reports available on reporting year A consolidated Credendo Group Annual Report
2015 is published on the following website:
http://www.delcredereducroire.be/en/documentat
ion/publications/#Annual Reports
III.
Information on the reporting Member State’s Export Credit policies:
General presentation of the reporting MS’ Delcredere | Ducroire is the Belgian public credit
policies on export credits, including all insurer with a mission to promote international
information that can help the Commission economic relations. Delcredere | Ducroire
in carrying out its evaluation regarding the performs this task as an autonomous government
compliance of the Export Credit Agencies institution enjoying the state guarantee.
with EU objectives and obligations1 (in the Delcredere | Ducroire insures companies and
sense of Article 3, Annex 1 of EU banks against political and commercial risks
Regulation1233/2011)
relating to international commercial transactions,
mainly regarding capital goods and industrial
projects, as well as contracted works and
services.
For these risks, Delcredere | Ducroire can also
work alongside banks through risk sharing
schemes. Delcredere | Ducroire also insures
against political risks relating to foreign direct
investments and directly finances commercial
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)
1
LIMITED
LIMITED
transactions of limited proportion.
Special information on the following
policies:
1) Environment:
a)
Do
you
apply
the
OECD
Recommendation on Common Approaches a) Yes, Delcredere | Ducroire applies OECD
to the Environment and Officially Common Approaches.
Supported Export Credits?
(its successor instrument the OECD b) All transactions are being screened for
Recommendation on Common Approaches possible negative environmental/social effects,
on Officially Supported Export Credits and
after which a review may take place if possible
Environmental and Social Due Diligence?)
negative effects have been identified. This risk
evaluation is a part of the standard assessment
b) any other relevant information
procedure within Delcredere | Ducroire.
2) Human rights:
a) Do you apply the Human Rights related a) Yes, Delcredere | Ducroire applies OECD
aspects of the
Common Approaches.
Recommendation on Common
Approaches, on Officially Supported b) Delcredere | Ducroire seeks to ensure that the
Export Credits and Environmental and projects guaranteed do not have negative
Social Due Diligence?
consequences for human rights.
b) Any other relevant information?
3) Anti-Bribery measures:
a) Yes, Delcredere | Ducroire applies OECD
a)
Do
you
apply
the
OECD Recommendation on Bribery.
Recommendation
on
Bribery
and b) For any transaction, Delcredere | Ducroire
Officially Supported Export Credits?
requires a signed non-bribery declaration.
Delcredere | Ducroire will reject an application
b) Any other relevant information?
if there is serious concern that the applicant or
his agent has engaged or will engage in
bribery. Afterwards, Delcredere | Ducroire
checks if measures to remediate bribery have
been taken. Delcredere | Ducroire encourages
all exporters and banks to develop, use and
document control systems to fight bribery.
4) Sustainable Lending Practices:
a) Do you apply the OECD Principles and a) Yes, Delcredere | Ducroire applies OECD
Guidelines
to
Promote
Sustainable Principles and Guidelines to Promote Sustainable
Lending Practices in the Provision of Lending Practices.
Official Export Credits to Low Income b) Delcredere | Ducroire supports economically
Countries?
sustainable development. Delcredere | Ducroire
promotes responsible lending to low income
b) Any other relevant information?
countries from getting into a situation of
unsustainable debt. Delcredere | Ducroire meets
the requirements of World bank and IMF
regarding the concessionality and the sustainable
lending.
5) Other policies
a) Delcredere | Ducroire supports micro
financing projects
b)
Delcredere
|
Ducroire
applies
an
environmental policy for the insurance of special
cash transaction and Investment
c) Delcredere | Ducroire promotes a dialogue
with its clients regarding CSR policy
2
LIMITED
LIMITED
d) Delcredere | Ducroire is member of The Shift
and of the Renewable energy Club of Agoria
(Belgian Federation for the Belgian Technology
industry),
e) Delcredere | Ducroire cooperates with
Transparency International.
f) Delcredere | Ducroire develops a plan to
reduce its Carbon emission (a Carbon footprint
has been done)
3
LIMITED
LIMITED
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 in
million euro
Overview of assets
Intangible assets
18,85
Investments
2.506,63
Participation of
101,09
reinsurers in technical
provisions
Receivables
655,45
Other Assets
84,96
Current Accounts
4,91
Total
3.371,90
Overview of liabilities
Equity
2.190,37
Technical provisions
1.075,95
Provisions for other
0,04
risks and costs
Deposits received
0,42
from reinsurers
Debts
86,60
Current accounts
18,53
Total
3.371,90
Aggregate nominal risk exposure
10.721
• 01-01-2013
• 31-12-2013
a.) nominal risk exposure under insurance n/a
policies issued
• 01-01-20xx
• 31-12-20xx
b.) nominal risk exposure under promises n/a
and notices of cover
• 01-01-20xx
• 31-12-20xx
Premium Income
237
Recoveries
59
Claims paid
173
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
n/a
Overview of liabilities:
n/a
a) nominal value of officially supported
2 Member States not using EUR should report the figures in their national currency and in EUR
4
LIMITED
LIMITED
loan portfolio
• 01-01-20XX
• 31-12-20XX
b) total value of off balance commitments
• 01-01-20XX
• 31-12-20XX
Interest received
n/a
Annual profit/loss
n/a
VI.
Contingent liabilities
Where contingent liabilities might arise n/a
from officially supported export credit
activities, those activities shall be
reported:
5
LIMITED
LIMITED
V.
Evaluation and incorporation of environmental risks
Environmental risks:
a) Number/exposure of transactions Projects in category A that fall under the scope
Category A
of the Common Approaches: 2
b) Number/exposure of transactions
Projects in category B that fall under the scope
Category B
of the Common Approaches: 1
How are environmental risks, which can Delcredere | Ducroire will review the project on
carry other relevant risks, taken into the following cases:
account in the officially supported export - if the contract concerns a sensitive sector (with
credit activities?
potential negative impacts), even for small
transactions (below 10 SDR million)
- if the contract concerns a sensitive area
Classification in A, B of C is done by our
environmental specialist. If A, an Environmental
Impact and social study is required and if B,
strongly recommended.
On this base, mitigation measures are studied
and implemented. The decision of Delcredere |
Ducroire to cover a transaction will be taken
only if the project is positive for the economic,
environmental and social development of the
country. Delcredere | Ducroire can add specific
conditions to the contract if necessary. In this
case, a monitoring process is required.
6
LIMITED
Document Outline