Office National du Ducroire (Belgium)
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Office National du Ducroire (ONDD) is an autonomous public institution with a mission to promote international economic relations. ONDD insures risks related to international transactions and direct foreign investments.ONDD is also authorized to cover foreign exchange risks, insure transit operations, participate in export financing and carry out on behalf of the government any technical, financial or representation mission entrusted to it. The insurance primarily covers non-OECD markets. Internationally, ONDD is directly associated with the activities carried out in the framework of the European Union, the Organisation of Economic Co-operation and Development and the Paris Club. It is also a member of the Berne Union. Our ExpertiseONDD not only covers political risks (including the risk of shortage of foreign currency) but also the commercial risk on overseas debtors (both private and public debtors). |
Rue Montoyerstraat 3 Tel. +32 2 788 88 00 HISTORY ONDD, founded in 1921, was the world's second credit insurer after Great Britain's. After the upheavals that followed the First World War the Belgian government wished to create a public body that would insure political risks and revive exports. In 1939, the government decided to make it a permanent body as a financially and administratively autonomous institution that is guaranteed by the government. In 2004, ONDD set up a public limited company under private law. Ducroire | Delcredere SA.NV insures and reinsures the political and commercial risks of current trade transactions. It also issues legal and contractual bonds. It offers its services to all businesses within the European Union and insures clients in their domestic market and in all other countries across the world. |