Damane Tasdir is a guaranteed solution that covers a share of the risk on surety bonds required for works, supplies, or services contracts abroad, for amounts exceeding MAD 1 million. It applies to export-related surety bonds granted to Moroccan enterprises. Guarantee coverage stands at 70% of the surety bond amount.
Who is eligible and which sectors are covered?
All sectors qualify, with the sole exception of real estate promotion and deep-sea fishing. The guarantee is available to enterprises incorporated under Moroccan law engaged in the production of goods or services, whether bidding for or holding works, supply, or service contracts abroad.
What financing is covered, how long does the guarantee last, and what does it cost?
The guarantee covers all types of surety bonds required in connection with export contracts, issued or backed by a Moroccan bank, for amounts exceeding MAD 1 million. Applications are processed within 10 business days from receipt of a complete file. The commission is set at 0.65% per transaction, per year, calculated on the surety bond amount, payable upon issuance and annually thereafter until the commitment is released.
What is the risk ceiling?
The risk ceiling is capped at MAD 20 million per transaction and MAD 40 million per enterprise, across all outstanding guarantee facilities combined. The commitment is denominated in dirhams, based on the prevailing exchange rate on the date of issuance of the guarantee agreement.
How long does it take and how do I apply?
Damane Tasdir guarantees that applications will be reviewed by TAMWILCOM within a maximum of 10 business days from receipt of a complete file. Applications are submitted exclusively through the enterprise's bank.
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