The Sri Lanka Export Credit Insurance Corporation (SLECIC) was established by Act No 15 of 1978 and commenced operations on February 8, 1979. The main objective of SLECIC is to provide support services of export credit insurance and guarantees for the development of exports from Sri Lanka. SLECIC’s comprehensive export credit solutions help exporters to compete in more than 100 countries including high-risk and emerging markets.

✓ Export credit insurance (seller’s risk): Short-term (up to 180 days) cover against commercial and political risks. Whole turnover and specific insurance policies. Tailor-made insurance policies where cover available for export of services, entrepot trade and consignment stocks as well.
✓ Export credit guarantees: Whole turnover credit guarantees (WTG) that underwrite the entire short-term export finance portfolios of commercial banks. Individual export production credit guarantees and pre and post-shipment credit guarantees to enable exporters to obtain working capital from banks. Credit guarantees to banks that enable migrant workers to obtain pre-departure loans from banks (APARA).
✓ Export performance guarantees: Counter-guarantees to banks on account of exporters covering bid bonds, performance bonds etc. Demand guarantees to the International Chamber of Commerce of Sri Lanka (ICC) covering the ATA Carnet System. Demand counter-guarantees to banks on account of freight forwarders covering their commitments to airlines.
✓ Other services: Providing financial status reports to commercial banks (Bizinfo).Debt collection service.

Founded: 1978
Ownership: Government-backed export credit agency