Teximbank operates programmes designed to insure exports against commercial and political risks. The majority of the companies accessing the service are small, first-time entrants to what are deemed high-risk export markets. Most Teximbank credit programmes provide short-term credits, the terms of which depend on the type of product exported. All industrial-good exports produced in Turkey are eligible for financing. To qualify for buyer credits, export goods must have a minimum of 50% domestic content. Foreign companies located and operating in the country are also eligible, subject to the same terms as their domestic counterparts. In 2002 Teximbank provided a total of US$2.3bn in export credits, almost all in short-term loans. However, during the first nine months of 2003 Teximbank provided US$2.5bn, almost all of which was in short-term credits.
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