Línea ICO Exportadores 2017

  • Finances exporting activity

    and the process of business globalisation.

  • For invoices both in euros and other currencies. Financing exempt from fees. Compatible with other subsidies.

Advantages of the ICO Exporters Facility 2017

The ICO Export Credit Facility is included in the International Mediation Credit Facilities that the ICO has available to finance the internationalisation process and exporting activity of companies with registered offices in Spain.

Low instrumented financing with the Exporter ICO Facility has these characteristics and advantages:

  • The repayment period cannot be longer than 180 days.
  • The repayment period cannot be longer than 180 days.
  • Invoices can be issued in euros or other currencies, although financing will always be in euros.
  • This financing is exempt from commissions (extension, cancellation without reimbursement, etc.).
  • Signing additional documentation is not necessary (with the exception of the Annexe 0), or the modification of the participating policy, or the presentation of additional documents than those required for any export financing.
  • It is compatible with other aids received from autonomous communities (AC) or other institutions (RGC/SAECA).
  • You can finance up to 100% of the amount of the bill, provided it does not exceed the maximum amount of 12.5 million euros per client, with no limitation per debtor country.

The maximum amount will be calculated taking into account the total provisions in force in the system. The applicable interest rate is variable, and settlement can be “early” or “upon maturity”.

The nominal interest rate is formed by:

  • EURIBOR 6 months + Differential of ICO fund capture (currently 0.15%) + Bank Margin.

The ICO differential is the cost of sourcing funds for this company and it fluctuates according to market conditions. The ICO periodically publishes this information on its website www.ico.es.



Until 7 December 2017 or earlier if the facility's funds are exhausted.