Ref. Ares(2017)6170071 - 15/12/2017
Ref. Ares(2019)4291643 - 05/07/2019
CHECKLIST
For reporting according to Regulation (EU) 1233/2011
I.
Reporting country information
Reporting Country
Austria
Submission Date
13.09.2017
Reporting Institution (Government
Federal Ministry of Finance / OeKB
Department, ECA)
II.
Reporting country legal and policy information
Mandate/Legal status of ECA
OeKB acts on behalf and for the account of the
Republic of Austria (the Austrian government as
represented by the Federal Ministry of Finance)
within the Export Guarantees Act.
The guarantee system in place is based on the
provisions of the Export Guarantees Act and the
respective regulation issued by the Federal
Minister of Finance. The contractual relations
between the Republic of Austria and the
guarantee holders are set out in the general terms
and conditions (“General Business Conditions”)
for guarantees of the Republic of Austria under
the Export Guarantees Act, and in the respective
guarantees themselves.
Guarantees are issued in compliance with
international agreements and the respective
guidelines,
directives,
regulations
and
recommendations of the OECD, the EU and the
Berne Union.
Officially
supported
export
credit Supplier credit guarantees
programs (in the sense of Article 5 of the
OECD Arrangement) during reporting Buyer credit guarantees
period
Tied aid
Annual reports available on reporting year
Annual Reports
https://reports.oekb.at/es-jb-2016-en/
III.
Information on the reporting Member State’s Export Credit policies:
General presentation of the reporting MS’ The assurance of a self-sustaining Austrian
policies on export credits, including all export credit scheme on a mid and long term
information that can help the Commission perspective constitutes a main principle of the
in carrying out its evaluation regarding the Austrian export credit policy. Furthermore, the
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compliance of the Export Credit Agencies transparency policy is realized, among other
with EU objectives and obligations1 (in the means, by dialogues with critical stakeholders,
sense of Article 3, Annex 1 of EU such as non-governmental organizations.
Regulation1233/2011)
Special information on the following Yes, Austria applies the OECD Recommendation
policies:
on Common Approaches. Any environmental
risks identified in the course of this assessment
1) Environment:
and
evaluation
procedure
may
have
a)
Do
you
apply
the
OECD repercussions not only on a project's eligibility
Recommendation on Common Approaches for support but also on the justifiability of the
to
the
Environment
and
Officially risk involved in it. This risk is determined in the
Supported Export Credits?
course of the transaction’s risk assessment, and
(its successor instrument the OECD thus has a major influence on the decision
Recommendation on Common Approaches whether export credit cover is granted or not.
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 Yes, Austria applies the Human Rights related
aspects of the
aspects of the Recommendation on Common
Recommendation on Common
Approaches.
Approaches, on Officially Supported
Export Credits and Environmental and
Social Due Diligence?
Austria appreciates the direct reference which is
made to the application of Human Rights aspects
b) Any other relevant information?
in the environmental and social due diligence in
the OECD Recommendation on Common
Approaches and has implemented the current
version.
3) Anti-Bribery measures:
a)
Do
you
apply
the
OECD Yes. Austria applies the OECD Recommendation
Recommendation
on
Bribery
and on Bribery and Officially Supported Export
Officially Supported Export Credits?
Credits and has integrated the respective
provisions into the application and decision
b) Any other relevant information?
procedure.
4) Sustainable Lending Practices:
a) Do you apply the OECD Principles and Yes. Austria only provides cover for officially
Guidelines
to
Promote
Sustainable supported export credits to public buyers in Low
Lending Practices in the Provision of Income Countries if they are in line with
Official Export Credits to Low Income sustainable development objectives of these
Countries?
countries.
b) Any other relevant information?
5) Other policies
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
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 Mio.
Overview of assets
n/a
Overview of liabilities
n/a
Aggregate nominal risk exposure
01-01-2016
EUR 7,353
31-12-2016
EUR 8,646
a.) nominal risk exposure under insurance
policies issued
01-01-2016
EUR 6,296
31-12-2016
EUR 6,319
b.) nominal risk exposure under promises
and notices of cover
01-01-2016
EUR 1,057
31-12-2016
EUR 2,327
Premium Income
EUR 56
Recoveries
EUR 128
Claims paid
EUR 46
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
loan portfolio
01-01-2016
EUR 1,3
31-12-2016
EUR 0,4
b) total value of off balance commitments
n/a
01-01-2016
31-12-2016
Interest received
CIRR + 50 BP
Annual profit/loss
0
V.
Contingent liabilities
Where contingent liabilities might arise n/a
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
3
VI.
Evaluation and incorporation of environmental risks
Environmental risks:
A screening procedure to identify environmental
and social risks including human rights is used
for
all
applications.
The
OECD
Recommendation on Common Approaches in its
current version is applied.
a)
Number/exposure
of
transactions 4 Category A projects
Category A
b) Number/exposure of transactions
7 Category B projects
Category B
How are environmental risks, which can A prerequisite for the granting of cover is that
carry other relevant risks, taken into the export transaction is eligible for support and
account in the officially supported export involves a risk that is acceptable. In this context
credit activities?
the environmental impact especially of major,
sensitive projects plays an important role. We
always assess the creditworthiness of the foreign
buyer and if necessary the guarantor, the market
situation and the country risk.
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Document Outline