Ceci est une version HTML d'une pièce jointe de la demande d'accès à l'information 'Request for ECA Activity Reports 2015 2016'.



 
 
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Ref. Ares(2019)4064177 - 26/06/2019
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 
 
Reporting Institution (Government 
Credendo – Export Credit Agency 
Department, ECA)  
 
II. 

Reporting country legal and policy information  
Mandate/Legal status of ECA 
Credendo – Export Credit Agency 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 Annual Report 2016 is 
published on the following website: 
https://www.credendo.com/_webdata/about/cred
endo_annual_report_2016.pdf 
 
III. 

Information on the reporting Member State’s Export Credit policies: 
General presentation of the reporting MS’  Credendo – Export Credit Agency is the Belgian 
policies on export credits, including all  public credit insurer with a mission to promote 
information that can help the Commission  international economic relations. Credendo – 
in carrying out its evaluation regarding the  Export Credit Agency performs this task as an 
compliance of the Export Credit Agencies  autonomous government institution enjoying the 
with EU objectives and obligations1 (in the  state guarantee. Credendo – Export Credit 
sense of Article 3, Annex 1 of EU  Agency insures companies and banks against 
Regulation1233/2011) 
political and commercial risks relating to 
 
international commercial transactions, mainly 
regarding capital goods and industrial projects, as 
well as contracted works and services. 
For these risks, Credendo – Export Credit 
Agency can also work alongside banks through 
risk sharing schemes. Credendo – Export Credit 
Agency also insures against political risks 
relating to foreign direct investments and directly 
                                                 
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) 
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finances commercial transactions of limited 
proportion. 
Special information on the following  
policies: 
 
1) Environment: 
 
a) Do you apply the OECD 
 
Recommendation on Common Approaches  a) Yes, Credendo – Export Credit Agency applies 
to the Environment and Officially the OECD 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 Credendo – Export Credit 
Agency. 
 
2) Human rights: 
 
a) Do you apply the Human Rights related  a) Yes, Credendo – Export Credit Agency applies 
aspects of the  
the OECD Common Approaches. 
Recommendation on Common  
 
Approaches, on Officially Supported b) Credendo – Export Credit Agency seeks to 
Export Credits and Environmental and  ensure that the projects guaranteed do not have 
Social Due Diligence? 
negative consequences for human rights.  
 
 
b) Any other relevant information? 
3) Anti-Bribery measures: 
a) Yes, Credendo – Export Credit Agency applies 
a) Do you apply the OECD 
the OECD Recommendation on Bribery. 
Recommendation on Bribery and b) For any transaction, Credendo – Export 
Officially Supported Export Credits? 
Credit Agency requires a signed non-bribery 
 
declaration. Credendo – Export Credit Agency 
b) Any other relevant information? 
will reject an application if there is serious 
concern that the applicant or his agent has 
engaged or will engage in bribery. Afterwards, 
Credendo – Export Credit Agency checks if 
measures to remediate bribery have been 
taken. Credendo – Export Credit Agency 
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, Credendo – Export Credit Agency applies 
Guidelines to Promote Sustainable 
the OECD Principles and Guidelines to Promote 
Lending Practices in the Provision of  Sustainable Lending Practices. 
Official Export Credits to Low Income  b) Credendo – Export Credit Agency supports 
Countries? 
economically sustainable development. Credendo 
 
- Export Credit Agency promotes responsible 
b) Any other relevant information? 
lending to low income countries from getting 
into a situation of unsustainable debt. Credendo – 
Export Credit Agency meets the requirements of 
World bank and IMF regarding the 
concessionality and the sustainable lending. 
5) Other policies 
a) Credendo – Export Credit Agency supports 
micro financing projects 
b) Credendo – Export Credit Agency applies an 
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environmental policy for the insurance of special 
cash transaction and Investment 
c) Credendo – Export Credit Agency promotes a 
dialogue with its clients regarding CSR policy 
d) Credendo – Export Credit Agency is member 
of The Shift and of the Renewable energy Club 
of Agoria (Belgian Federation for the Belgian 
Technology industry),  
e) Credendo – Export Credit Agency cooperates 
with Transparency International. 
f) Credendo – Export Credit Agency develops a 
plan to reduce its Carbon emission (a Carbon 
footprint has been done) 
 
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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  in 
million euro 
 
Overview of assets 
Intangible assets 
19,94 
Investments 
2.397,14 
Participation of 
105,31 
reinsurers in technical 
provisions 
Receivables 
629,31 
Other Assets 
298,03 
Current Accounts 
8,32 
Total 3.458,06 
 
Overview of liabilities 
Equity 
2.182,87 
Technical provisions 
1.157,14 
Provisions for other 
0,04 
risks and costs 
Deposits received 
0,28 
from reinsurers 
Debts 
102,52 
Current accounts 
15,21 
Total 3.458,06 
 
Aggregate nominal risk exposure 
6.306 
•  01-01-2016 
•  31-12-2016 
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 
202 
Recoveries 
133 
Claims paid 
195 
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 
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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:  
 
 
 
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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: 3 
b) Number/exposure of transactions  
Projects in category B that fall under the scope 
Category B 
of the Common Approaches: 3 
How are environmental risks, which can   Credendo – Export Credit Agency will review 
carry other relevant risks, taken into  the project on 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 Credendo – 
Export Credit Agency to cover a transaction will 
be taken only if the project is positive for the 
economic, environmental and social 
development of the country. Credendo – Export 
Credit Agency can add specific conditions to the 
contract if necessary. In this case, a monitoring 
process is required. 
 
 
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Document Outline