ODL

The insurance products of ODL principally apply to trade markets outside the OECD area. The credits insured by ODL are generally backed by the Luxembourg State. Only the risks linked to short-term credits for debtors in OECD countries are covered without any State guarantee. If the intensity and duration of the risks exceed its insurance capacities, ODL may intervene for the account of the State. ODL offers tailor-made solutions to SMEs and multinationals... Created in 1961, ODL is a public institution with legal entity, designed to support Luxembourg exporters while trading internationally, mainly by providing credit insurance schemes for exports, imports and investments abroad... Since the cooperation agreement of 29 April 2002 between ODL and the Luxembourg Government, establishing the COPEL (« Comité pour la promotion des exportations luxembourgeoises »), ODL supports Luxembourg exports by means of a partial contribution in the promotion, exhibition and export training expenses.

Primary location: Luxembourg