Book IV: Organisations and special insurance schemes

The guarantee provided for in a of 1° of article L. 432-2 may be granted to the beneficiaries mentioned in article L. 432-1 carrying out a transaction of strategic interest for the French economy abroad under the conditions provided for in articles R. 442-11-2 to R. 442-11-4 below.

The political, catastrophic and monetary risks covered under the guarantee referred to in article R. 442-11-1 are realised under the following conditions. The political risk arises when performance of the contract has been interrupted or the debtor has not paid his debt, provided that the non-payment is due to one of the following causes: a) Civil or foreign war, revolution, riot or other similar events outside France; b) Moratorium imposed…

I. – The granting of the guarantee, except when it is granted to a credit institution, finance company, insurance and reinsurance company, mutual insurance company and provident institution, under French or foreign law, or a body referred to in article L. 214-1 of the Monetary and Financial Code, is subject to compliance, by the French company taking part in the transaction concerned by this guarantee, with the following two conditions:…

The Minister for the Economy decides whether to grant the guarantee provided for in article R. 442-11-1, after consulting the Commission des garanties et du crédit au commerce extérieur, on the basis of at least one of the following criteria: 1° The transaction is carried out in a sector of activity relating to materials, products or services contributing to the proper functioning of installations or equipment essential to national security…