A bank loan guarantee is a way of sharing risk with banks and credit institutions financing SMEs/SMIs. The maximum guaranteed rate is 80% of the principal amount of the loan.

An application for a guarantee must be submitted to the ASF by the credit institution (bank, financial institution, etc.) along with the following documents:

• Risk analysis report or assessment report prepared by the applicant institution;
• Business plan of the project prepared by the borrower, if available
• Certified historical financial statements for the last three (3) years, if the company is in operation;
• Legal, administrative and regulatory documents on the management structure of the project; and
• All other documents required for risk assessment.

However, the Company may also request, prior to its application to the lender, an expression of interest letter from the ASF, based on its business plan.

A guarantee for raising resources on financial markets provides support for companies when they are raising bonds. The rate can be up to 100% + interest and depends on regulations in force and the rating of the beneficiary company.

Applications must be submitted to the ASF by a Management and Intermediation Company ("MIC") licensed by the Market Regulator, together with the following documents:

• Information Note prepared by the Arranger;
• Issuer's certified historical financial statements and related certification reports;
• Legal, administrative and regulatory documents relating to the Issuer; and
• All other documents required for risk assessment.

The company or the MIC may benefit from the Fund's letter of expression of interest based on the feasibility study prior to the application.

The ASF bears or shares risks with banks through signed commitments in the form of guarantees or lines of guarantee.

Applications for intervention, specifying the type and details of the guarantee(s) applied for, must be sent to the Fund by:

• The company wishing to apply for the issue of guarantees by the ASF; or
• The credit institution or the NGF requesting a counter-guarantee from the ASF for the issuance of guarantees to a construction company. This application must be supported by:
• A copy of the tender or contract for the project;
• Risk analysis or summary note prepared by the bank on the project to be executed and submitted to its decision-making bodies;
• A model of the guarantee or guarantees to be issued;
• The company's certified financial statements as well as its administrative, legal and statutory documents;
• A document showing the company's competence and experience in carrying out the project, together with the relevant supporting documents;
• A document setting out the firm's resources (organisation, human resources (CVs), equipment and materials), with supporting documents for submission to the ASF;
• Authorisations and approvals; and
• Other documents deemed necessary by the ASF.

The ASF bears or shares the risk with banks for the execution of import-export transactions (SBLC, LC, ...).

The application for intervention must be addressed to the Fund by the applicant requesting risk sharing in the execution of an import or export transaction by a company.

This application must specify the desired counter-guarantee rate, the transaction(s), the type(s) of financing or payment instrument(s) and the related supporting documents.

However, the company may request an expression of interest letter to facilitate the execution of its operation by a credit institution, sharing the risk with the ASF. This application must be accompanied by documents for risks assessment.