Servizi Assicurativi del Commercio Estero (SACE) | Export Credit Agency (ECA) in Italy
SACE, a company in the Cassa depositi e prestiti Group, offers a wide range of insurance and financial products: export credit, credit insurance, investment protection, financial guarantees, sureties and factoring. An offer that is enriched with the products of SIMEST, which range from participation in the capital of companies to subsidized loans and export credit.
A summary of Servizi Assicurativi del Commercio Estero (SACE)
Summary video of Servizi Assicurativi del Commercio Estero (SACE) and how it operates in Italy, Europe.
Servizi Assicurativi del Commercio Estero (SACE) – Benefits of using an ECA in Italy
- Credit facility to business owners
- Global solutions; advisory services and capacity building programs
SACE accompanies their customers in selecting the markets with the greatest potential and managing the risks associated with operations in new geographical locations, providing them with an integrated offer of insurance-financial services able to meet all the needs in terms of exports and internationalization.
The Export Pole formed by SACE and SIMEST offers companies an integrated access point to support their expansion strategies abroad. A ” one-door ” to meet all the needs related to the growth of Italian companies in the world: from credit insurance, to the protection of foreign investments, from financial guarantees to factoring services, from securities to win tenders for protection from the risks of the construction, from the participation in the capital of the enterprises to the subsidized loans.
SACE was established in 1977, in 1998 it was transformed to “Institute for Insurance Services of Foreign Trade” in 2004 SACE entered a short-term credit insurance market with the establishment of SACE BT. In 2004 SACE is incorporated into a joint-stock company, 100% controlled by the Ministry of Economy and Finance. In 2005,SACE BT acquires 70% of Assedile from SMABTP, a French insurance company. In 2008 SACE Surety , a new name attributed to the former Assedile, merged into SACE BT. In 2012 SACE and its subsidiaries are acquired by Cassa depositi e prestiti. 2016, SACE and SIMEST are the pole for export and internationalization with the One-door initiative
Popular Export Products
Cars and Vehicles – One of the biggest exports globally, we’re experts in trading automobiles, working with car dealerships and fleet management services
Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Cassa Depositi e Prestiti
Registration number here
Last Annual Report: