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ODL

Luxembourg Export Credit Agency

Founded in: 1961
Joined BU in: 2012
Institution Type: ECA
Ownership: Autonomous public institution
Instruments: Insurance
ODL

aboutAbout us

 

ODL, a public institution established in 1961, supports Luxembourg exporters in their international development through a range of financial and insurance solutions:

  • Financial support for exports
  • Insurance facilities for exports, imports and investments
  • Insurance facilities for banks financing Luxembourg companies

adress Address details

Email:
odl@odl.lu
Phone:
+352 288 554 1
adress Address:
65, rue d'Eich, Luxembourg, 1461, Luxembourg

facilitesMajor facilities

ODL offers the following insurance products to internationally active Luxembourg companies and the banks that support them:

  • Export Credit Insurance covers Luxembourg companies against the risk of cancellation or non-payment of their customers, whether the causes of loss are political, acts of force majeure or commercial (as a result of proven insolvency or debtor default).
  • Foreign Investment insurance covers the investor against political risk in the host country.

     

  • Prefinancing insurance protects Luxembourg importing companies that must pay an advance before delivery of the goods or services to their foreign supplier against the risk of non-reimbursement of the advance payment in case of non-delivery of the goods or services by the supplier.
  • Guarantee Commitment Insurance covers the banks of the Luxembourg exporters who are internationally active and who issue bank guarantees (advance guarantee payments, performance bonds…) benefiting a foreign customer.
  • Bank Credit Insurance covers banks that grant credit lines to Luxembourg exporting companies, enabling them to reduce their risk.

 

historyHistory

Founded: 1961
Ownership: ODL is an autonomous public institution

riskInstitutional Set up and Mandate

Legal Form Public entity
Relationship with Government Implicit ownership (through a public company or by law)
State Guarantee Scheme Commitments issued directly on behalf of the government

contactsMain contact

name job title
Danielle Wirtz
Danielle Wirtz
Deputy CEO
ODL Admin
ODL Admin
Simone Joachim
Simone Joachim
CEO

contactsSenior Management

name job title
Arsène Jacoby
Arsène Jacoby
Chairman