The NZEC operates as a business unit within the New Zealand Treasury. Its mission is to help New Zealand exporters manage risk and capitalise on trade opportunities around the globe by providing guarantee and insurance solutions that complement those in the private sector.
The Secretary to the Treasury has been delegated the power from the Minister of Finance to provide these guarantee and insurance products pursuant to the Public Finance Act 1989..

✓ Export credit insurance:
•  Covers commercial and political risks on export transactions
•  Short-term trade credit cover (including co-insurance with private sector) where the private sector lacks the capacity or willingness
•  Medium/long-term (over one-year credit period) cover for supplier and buyer credit facilities
•  Guarantees for Letters of Credit

✓ Bonds, sureties and guarantees:
•  Guarantee products to support bid bonds, advance payment bonds, performance bonds, warranty bonds and US and Canadian surety bonds

✓ Other products:
•  Bill of exchange guarantee
•  Loan guarantee

Founded: 2001
Ownership: Wholly owned and guaranteed by the New Zealand Government