{"id":20995,"date":"2024-05-15T21:29:35","date_gmt":"2024-05-15T19:29:35","guid":{"rendered":"https:\/\/uat.exim.splendex.dev\/?page_id=20995"},"modified":"2024-05-27T13:37:12","modified_gmt":"2024-05-27T11:37:12","slug":"mehib-conditions","status":"publish","type":"page","link":"https:\/\/exim.splendex.dev\/en\/mehib-conditions\/","title":{"rendered":"Mehib conditions"},"content":{"rendered":"\n<section class=\"subpage-hero acf-block subpage-hero--more-space\" id=\"subpage-hero\">\n\n      <div class=\"subpage-hero__card-wrapper\">  \n\n            \n            <div class=\"hero-card hero-card--secondary hero-card--disabled-video\">\n\n                \n                <div class=\"hero-card__content-wrapper\">\n\n                    <h1  class=\"hero-card__title\">Mehib conditions<\/h1>\n                    \n                    \n                    \n                <\/div>\n\n                \n            <\/div>\n\n        \n      <\/div>\n\n      \n<\/section>\n\n\n\n<div class=\"accordion-section acf-block accordion-section--more-space\" id=\"accordation-block_db710954d1f4ed1c4d3ec3facee17202\">\n    <div class=\"container\">\n        \n        \n                    \n      <div class='accordion' id='accordion_block_db710954d1f4ed1c4d3ec3facee17202'>\n\t\t  <div class='accordion-item'><h2 class='accordion-header accordion-header--main' id=''><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_0' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_0'>Business regulations<\/button><\/h2><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_0' class='accordion-collapse collapse' aria-labelledby='' data-bs-parent='#accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><div class=\"accordion__link-wrapper\">\n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/MEHIB-UZLETSZABALYZAT-2020-05-18-TOL-EN.pdf\" target=\"_self\" aria-label=\"MEHIB Business regulations 2020.05.18.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">MEHIB Business regulations 2020.05.18.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2020. 05. 18.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/MEHIB_UZLETSZABALYZAT_2017-04-01-TOL_EN.pdf\" target=\"_self\" aria-label=\"MEHIB Business regulations 2017.04.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">MEHIB Business regulations 2017.04.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2017. 04. 01.<\/div>            <\/div>\n        <\/div><\/div><\/div><\/div><div class='accordion-item'><h2 class='accordion-header accordion-header--main' id=''><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_1' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_1'>List of conditions<\/button><\/h2><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_1' class='accordion-collapse collapse' aria-labelledby='' data-bs-parent='#accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><div class=\"accordion__link-wrapper\">\n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/ListofConditionsInsurance20230501.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2023.05.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2023.05.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2023. 05. 01.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/ListofConditionsInsurance20220401-1.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2022.04.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2022.04.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2022. 04. 01.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/List-of-Conditions_Insurance_2021-04-01_EN.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2021.04.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2021.04.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2021. 04. 01.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/List-of-Conditions-Insurance-2020-09-01.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2020.09.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2020.09.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2020. 09. 01.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/List-of-Conditions_Insurance_2020-05-18-EN.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2020.05.18.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2020.05.18.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2020. 05. 18.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/List-of-Conditions_Insurance_2019-09-01_EN.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2019.09.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2019.09.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2019. 09. 01.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/List-of-Conditions_Insurance_2019-04-01_EN.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2019.04.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2019.04.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2019. 04. 01.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/List-of-Conditions_Insurance_2019-01-01_EN.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2019.01.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2019.01.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2019. 01. 01.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/List-of-Conditions_Insurance_2018-07-01_EN.pdf\" target=\"_self\" aria-label=\"List of Conditions Insurance 2018.07.01.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">List of Conditions Insurance 2018.07.01.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2018. 07. 01.<\/div>            <\/div>\n        <\/div><\/div><\/div><\/div><div class='accordion-item'><h2 class='accordion-header accordion-header--main' id=''><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_2' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_2'>CERTIFICATION OF THE HUNGARIAN CONTENT<\/button><\/h2><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_2' class='accordion-collapse collapse' aria-labelledby='' data-bs-parent='#accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><p><strong>This information material has been prepared in Hungarian and English, English translation is for information purposes only. In the event of discrepancies between English and Hungarian version, the Hungarian version shall prevail.<\/strong><\/p>\n<p>Hungarian Export-Import Bank Private Limited Company (\u201cEximbank\u201d), based on the relevant Hungarian and international statutory regulations, provides medium and long-term credit with budgetary interest support (interest equalisation), while the Hungarian Export Credit Insurance Private Limited Company (\u201cMEHIB\u201d) provides export credit insurance, backed by a payment guarantee from the central budget, to cover non-marketable risks.<\/p>\n<p>In accordance with the statutory regulations related to these two institutions (collectively known as \u201cEXIM\u201d) \u2013 specifically, Government Decree 85\/1998 (V. 6.) (the \u201cEximbank decree\u201d) and Government Decree 312\/2001. (XII.28.) (the \u201cMEHIB decree\u201d) \u2013 a condition for use of the above-mentioned interest subsidy and the export credit insurance provided against the central budget is that the exported goods or service should have a certain degree of Hungarian content.<\/p>\n<h3>A. EXPORT OF GOODS<\/h3>\n<p>In the case of goods export, the regulations stipulate that\u00a0<em>at least a half<\/em>\u00a0of the content of the delivered goods should be of Hungarian origin.<\/p>\n<p>The Exporter must obtain a certificate of origin proving the Hungarian content of the delivered goods from the competent territorial body of the chamber authorised to issue it (Hungarian Chamber of Commerce and Industry \u2013 MKIK, National Chamber of Agriculture \u2013 NAK) and submit it to Eximbank, and in the case of refinancing, to the financing financial institution, or in the case of insurance, to MEHIB (in the manner prescribed in the insurance contract).<\/p>\n<p>If the business entity conducting foreign trade activity exports goods to the same customer under the foreign trade contract in respect of goods of the same name, customs tariff number and place of origin more than once, in order to prove the Hungarian origin of the goods it is sufficient to obtain a certificate of origin complete with a special clause issued by the competent chamber after the performance of the first export of the goods and send it to Eximbank, and in the case of refinancing, to the financing financial institution, or in the case of insurance, to MEHIB.<\/p>\n<p>If a change occurs in the designation, customs tariff number or place of origin of the goods described in the certificate of origin complete with a clause or in the person of the buyer (customer), the business entity conducting foreign trade activity must obtain a new certificate of origin from the competent chamber for its first export after the change, and must submit it to Eximbank, and in the case of refinancing, to the financing financial institution, or in the case of insurance, to MEHIB<\/p>\n<ul>\n<li><a href=\"https:\/\/mkik.hu\/teruleti-kamarak\" target=\"_blank\" rel=\"noopener noreferrer\">Contact details of the Hungarian Chamber of Commerce and Industry (MKIK) by region<\/a><\/li>\n<li><a href=\"https:\/\/www.nak.hu\/kamara\/122-rolunk\/kozponti-elerhetosegek\" target=\"_blank\" rel=\"noopener noreferrer\">Contact details of the Hungarian Chamber of Agriculture (NAK)<\/a><\/li>\n<\/ul>\n<p>NAK is responsible for products subject to the European Union\u2019s common agricultural policy (CAP), while MKIK is responsible for all other (non-CAP) products.<\/p>\n<ul>\n<li><a href=\"https:\/\/exim.hu\/doc-list\/magyar-tartalom-1\/3562-kap-i-szamu-melleklet-eng\" target=\"_blank\" rel=\"noopener noreferrer\">List of products covered by the CAP (Annex 1 to the Treaty on the Functioning of the European Union)<\/a><\/li>\n<\/ul>\n<p>The rules of origin applied by the chamber body authorised to issue the certificate of origin, available on the website of the authorised chamber body, and the provisions of the chamber procedure with respect to the issuing of the certificate of origin, must be applied to establish and certify the Hungarian origin of the goods.<\/p>\n<ul>\n<li><a href=\"https:\/\/mkik.hu\/szarmazasi-bizonyitvany-hitelesitese\" target=\"_blank\" rel=\"noopener noreferrer\">Information issued by MKIK on the authentication and completion of the certificate of origin<\/a><\/li>\n<li><a href=\"https:\/\/www.nak.hu\/szakmai-infok\/tagoknak\/okmanyhitelesites\" target=\"_blank\" rel=\"noopener noreferrer\">Information issued by NAK on the authentication and completion of the certificate of origin<\/a><\/li>\n<\/ul>\n<h3>B. EXPORT OF SERVICES<\/h3>\n<p>Compliance with this condition must be substantiated by the Exporter with a certificate issued by the body responsible for registering the insured relationship. Accordingly, in the case of service exports, the verification of the conformity of Hungarian origin is carried out by EXIM on the basis of the EP certificate on the number of insured persons issued by the health insurance administrative body of the territorially competent government office, based on the examination of the insurance status of the staff employed.<\/p>\n<p>In the case of service exports, more than half of the persons employed by the Exporter (or its domestic subcontractor involved in the provision of services) under the rules of the Act on Social Security Benefits and Private Pensions and the Coverage of these Services and on the Small Business Tax must be in a legal relationship with it that involves an insurance obligation.<\/p>\n<p>The submission of the certificate of origin and the fulfilment of the required Hungarian share of origin is a precondition for the disbursement of the loan, the provision of the export credit guarantee and the discounting of receivables, and in the case of insurance, it is a condition of eligibility for such insurance. If an insurance event occurs in relation to which a claim for damages is filed, the insured party shall be obliged to make available to MEHIB an original copy of the certificate of origin. During the claims assessment process following the submission of the claim for damages, MEHIB verifies that the requirement regarding the Hungarian share of origin has been met.<\/p>\n<ul>\n<li><a href=\"https:\/\/exim.hu\/doc-list\/szabalyzatok-kondiciok\/magyar-tartalom\/2750-6-kerelem-minta-ep-igazolashoz-2019-12-02\" target=\"_blank\" rel=\"noopener noreferrer\">Application to be submitted to the government office for a Health Insurance Fund certificate<\/a><\/li>\n<li><a href=\"http:\/\/www.kormanyhivatal.hu\/hu\/elerhetosegek\" target=\"_blank\" rel=\"noopener noreferrer\">Regional contact details of government offices<\/a><\/li>\n<\/ul>\n<p>The certificate issued to the insured employees of the business entity providing the service can also be requested electronically through a customer gateway. The electronic form for the certificate is submitted to the National Health Insurance Fund Manager (NEAK, formerly: National Health Insurance Fund, OEP).<\/p>\n<ul>\n<li><a class=\"doclink docman_track_download k-ui-namespace\" href=\"https:\/\/exim.hu\/en\/doc-list\/szabalyzatok-kondiciok\/magyar-tartalom\/3505-neak-igazolas-segedlet-2021-06-11-en-1\" target=\"_blank\" rel=\"noopener noreferrer\" type=\"application\/pdf\" data-title=\"NEAK igazol\u00e1s seg\u00e9dlet 2021 06 11 EN\" data-id=\"3505\" data-processed=\"data-processed\">Guide on the electronic application for a certificate issued in respect of the number of insured employees, to be submitted in the case of Eximbank products<\/a><\/li>\n<\/ul>\n<h3>C. CONSTRUCTION AND ASSEMBLY CONTRACTS<\/h3>\n<p>At least a quarter of the value of the foreign trade contract for construction, assembly, technology-installation and planning services, and for services directly related thereto, less any financing costs, must be classed as an export of Hungarian origin, and the certificate of Hungarian origin with regard to this is issued by the head office of the Hungarian Chamber of Commerce and Industry.<\/p>\n<ul>\n<li><a href=\"https:\/\/mkik.hu\/uploads\/documentitem\/34\/mehib-tajekoztato-1534233047.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">MKIK\u2019s guide on the procedure for the issuance of certificates on the Hungarian share of origin<\/a><\/li>\n<li><a href=\"https:\/\/exim.hu\/doc-list\/szabalyzatok-kondiciok\/magyar-tartalom\/2752-10-mkik-reszere-benyujtando-nyilatkozat-fovallalkozoi-szamlak-magyar-tartalmarol-2019-12-02\" target=\"_blank\" rel=\"noopener noreferrer\">Declaration to be submitted to the MKIK on the Hungarian content of main contractor\u2019s invoices<\/a><\/li>\n<li><a href=\"https:\/\/mkik.hu\/kapcsolat\" target=\"_blank\" rel=\"noopener noreferrer\">Contact details of the MKIK\u2019s head office<\/a><\/li>\n<\/ul>\n<p>For the details, please consult the\u00a0<a href=\"https:\/\/exim.hu\/doc-list\/szabalyzatok-kondiciok\/szabalyzatok-kondiciok-bank\/3559-magyar-tartalom-eljarasrend-2020-01-10-en\">Guide for Customers<\/a>\u00a0on the procedure for certifying the Hungarian content of goods and services carefully, including\u00a0<a href=\"https:\/\/exim.hu\/doc-list\/szabalyzatok-kondiciok\/magyar-tartalom\/3560-13-1-sz-melleklet-idegen-tartalom-2019-12-02-en\">Annex 1 of that guide<\/a>\u00a0that addresses the regulatory framework with regard to the share of foreign origin.<\/p>\n<\/div><\/div><\/div><div class='accordion-item has-sub-accordions'><h2 class='accordion-header accordion-header--main' id=''><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_3' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_3'>ENVIRONMENTAL AND SOCIAL POLICY APPLIED IN THE FIELD OF EXPORT CREDIT FINANCING<\/button><\/h2><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_3' class='accordion-collapse collapse' aria-labelledby='' data-bs-parent='#accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body '><div class='accordion-item'><h3 class='accordion-header accordion-header--sub' id='heading_block_db710954d1f4ed1c4d3ec3facee17202_3_0'><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_0' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_0'>PROCEDURE<\/button><\/h3><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_0' class='accordion-collapse accordion-collapse--sub collapse ' aria-labelledby='heading_block_db710954d1f4ed1c4d3ec3facee17202_3_0' data-bs-parent='#sub-accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><p><strong>Procedure<\/strong><\/p>\n<p>Pursuant to its environmental policy, it plays a key role to perform risk assessment for projects in order to review their environmental and social risks. Accordingly, MEHIB does not support a transaction that has a negative, i.e. adverse environmental impact, or transaction which demonstrably violates fundamental human rights standards or results in significant greenhouse gas emissions. In order to screen these projects at an early stage of financing, MEHIB applies environmental and social risk assessment.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>Pre-screening<\/u>\u00a0<\/strong>\u2013 screening and assessment of project whether the transaction falls under the scope of the procedure. Pre-screening is implemented at an early stage of the transaction. During this stage some basic information should be obtained from the exporter.<\/p>\n<p>&nbsp;<\/p>\n<p>Transactions outside the scope of the procedure \u2013 i.e. project period does not exceed 2 years, and exports of goods \/ services relate to basic agricultural products and military assets (livestock, cereals, etc.) and where risk is not on the exporter \u2013 are not classified but indicated with \u201cK\u201d and are exempted from further steps of the environmental and social risk assessment.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>Screening<\/u><\/strong>\u00a0\u2013 all the information provided by the exporter is reviewed during screening. Screening can only be applied to projects with a risk-taking period of more than 2 years and if the value of the transaction exceeds 10 million SDRs, or if the project is on or near sensitive area or sector, or if it can be assumed that the implementation of the project involves potential environmental risk.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>Classification<\/u><\/strong>\u00a0\u2013 the project is classified into two main categories (new project or existing facility) and three environmental and social risk categories (A &#8211; sensitive, B &#8211; moderate, C &#8211; neutral). Further information can be obtained from the exporter if it is required.<\/p>\n<p>&nbsp;<\/p>\n<p>Three categories of environmental and social classification:<\/p>\n<ul>\n<li><strong>Category A:<\/strong>\u00a0a project is classified as Category A if it has the potential to have significant adverse environmental and\/or social impacts, which are diverse, irreversible and\/or unprecedented. These impacts may affect an area broader than the sites or facilities subject to physical works. Category A includes projects in sensitive sectors or located in or near sensitive areas.<\/li>\n<li><strong>Category B:<\/strong>\u00a0a project is classified as Category B if its potential environmental and\/or social impacts are less adverse than those of Category A projects. Typically, these impacts are few in number, site-specific, irreversible, and mitigation measures are more readily available.<\/li>\n<li><strong>Category C:<\/strong>\u00a0a project is classified as Category C if it has minimal or no potentially adverse environmental and\/or social impacts.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Result of the classification may vary flexibly (reclassification) on a case by case basis depending on the scope, depth and timing of the necessary information.<\/p>\n<p>&nbsp;<\/p>\n<p>Information required for environmental and social risk categories:<\/p>\n<ul>\n<li><strong>Category A:<\/strong>\u00a0Environmental and Social Questionnaire, Environmental and Social Impact Assessment (hereinafter referred to as ESIA) and if it is necessary Human Rights Impact Assessment (hereinafter referred to as HRIA)<\/li>\n<li><strong>Category B:<\/strong>\u00a0Environmental and Social Survey Questionnaire (on a case-by-case basis ESIA)<\/li>\n<li><strong>Category C:<\/strong>\u00a0no further information is needed (on a case-by-case basis ESQ)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong><u>Assessment<\/u><\/strong>\u00a0\u2013 The assessment of the environmental and social impact of the transaction is based on the Questionnaire and all the relevant information and documentation that had been provided previously. In order to be able to perform the appropriate evaluation of projects different kind of information should be obtained depending on the environmental and social category of the project.<\/p>\n<p>In order to evaluate the financing of category A, client must provide the ESIA on environmental impacts and documents on mitigating compensatory measures.<\/p>\n<p>ESIA may be requested on a case-by-case basis for assessing category B projects which has a moderate impact on the environment, but the classification and evaluation of the project will be implemented based on the outcome of the Questionnaire and the consideration of the relevant environmental impacts.<\/p>\n<p>For category C projects, only the result of the evaluation of the Questionnaire and the evaluation of the documents provided will be taken into account as the environmental and social risks of the transaction are negligible. However after evaluating the ESQ additional documents can be requested.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>Decision<\/u><\/strong>\u00a0\u2013 MEHIB mainly take into consideration the information for which the customer is responsible when assessing environmental and social impacts. It is the responsibility of the client to be able to provide the necessary documentation, basic and additional information to MEHIB. In addition, MEHIB may obtain independent information if it is required (e.g. from a funder, other insurer, green organization, etc.).<\/p>\n<p>Based on the outcome of the due diligence, the transaction will be accepted, conditionally accepted or rejected.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><u>Monitoring<\/u><\/strong>\u00a0\u2013 in case of all project classified as category A, MEHIB requires regular ex post reports and related information to be provided during the involvement in the project to ensure that relevant potential environmental and\/or social impacts are addressed according to the information provided by applicants during the environmental and social review. If project monitoring is included as a condition in the contract client should periodically provide a monitoring report on the environmental and social impact as long as the insurer is in risk.<\/p>\n<\/div><\/div><\/div><div class='accordion-item'><h3 class='accordion-header accordion-header--sub' id='heading_block_db710954d1f4ed1c4d3ec3facee17202_3_1'><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_1' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_1'>DISCLOSURE <\/button><\/h3><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_1' class='accordion-collapse accordion-collapse--sub collapse ' aria-labelledby='heading_block_db710954d1f4ed1c4d3ec3facee17202_3_1' data-bs-parent='#sub-accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><p>MEHIB should publish national ECA environmental and other related policy statements or principles and procedural guidance relevant to the implementation of the OECD common approaches.<\/p>\n<p>&nbsp;<\/p>\n<p>For Category A projects MEHIB should disclose publicly project information, including project name, location, description of project (ESIA report, summary) as early as possible during the review process but at least 30 calendar days before a final commitment to grant official support.<\/p>\n<p>&nbsp;<\/p>\n<p>MEHIB is ready to share information between other entities in case of co-financing or other partnerships.<\/p>\n<p>&nbsp;<\/p>\n<p>The project sponsor is encouraged by MEHIB to publish information with regards to\u00a0 the \u00a0environmental and social impacts. Information related to the transaction shall not be disclosed by MEHIB in accordance with business secrecy without the consent of the parties. MEHIB considers legal and competition aspects for the protection of business secrets in accordance with the law on publishing environmental information.<\/p>\n<p>&nbsp;<\/p>\n<p>MEHIB provides information on funded projects (A, B, C) for OECD on a continuous basis, but at least in every six months. MEHIB prepares reports annually (ex post) on A and B categories projects accepted according to the form and content of the OECD common approaches.<\/p>\n<p>&nbsp;<\/p>\n<p>At least annually, MEHIB ensures the availability to the public \u2013 considering the possibilities of national legislation \u2013, all environmental information of categories A and B transactions.<\/p>\n<p>&nbsp;<\/p>\n<p>In case of category A and B projects, if the provisions of the OECD Common Approaches have been applied, the projects will be reported to the OECD. The OECD annually publishes a summary of these reports on its website. In this manner, this information is made available to the public in an aggregated form. The report can be accessed using the following link:\u00a0<a href=\"http:\/\/www.oecd.org\/officialdocuments\/publicdisplaydocumentpdf\/?cote=tad\/ecg(2017)3\/final&amp;doclanguage=en\">http:\/\/www.oecd.org\/officialdocuments\/publicdisplaydocumentpdf\/?cote=tad\/ecg(2017)3\/final&amp;doclanguage=en<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>MEHIB annually publishes (on its website) the information (project description, technical data, standards, regulatory compliance, etc.) of the accepted environmentally and socially screened projects including categories A, B and C as well.<\/p>\n<p>&nbsp;<\/p>\n<p>If you have any questions or concerns about the disclosure of environmental data for projects, please contact us at the following e-mail address:\u00a0csecsei.adam@exim.hu<\/p>\n<\/div><\/div><\/div><div class='accordion-item'><h3 class='accordion-header accordion-header--sub' id='heading_block_db710954d1f4ed1c4d3ec3facee17202_3_2'><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_2' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_2'>OECD COMMON APPROACHES<\/button><\/h3><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_3_2' class='accordion-collapse accordion-collapse--sub collapse ' aria-labelledby='heading_block_db710954d1f4ed1c4d3ec3facee17202_3_2' data-bs-parent='#sub-accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><p>The OECD recognized that it can promote the coherence between the international environmental, climate change, social and human rights policies of the export credits and their commitments of relevant international agreements and conventions, thereby contributing to the sustainable development and the reduction of adverse environmental impacts through the export credit policy.<\/p>\n<p>&nbsp;<\/p>\n<p>The OECD Common Approaches was developed and adopted in 2003. It established a set of rules for the environmental risk assessment of officially supported export financing. The document contains common practices for identifying and mitigating the environmental impact of projects. In addition to the impact on the environment, there has been an increasing emphasis on assessing social impacts. The OECD has expanded its existing approach with elements on social impact assessment and finalized it in 2012. In 2016, it has been revised which is the current version in use. The OECD Common Approaches aims to develop procedures for assessing the environmental and social impacts of officially supported export financing, to prevent and mitigate the adverse environmental and social impacts of projects, and to create the overall process of financial risk assessment for a supported project.<\/p>\n<p>&nbsp;<\/p>\n<p>Hungary is being a full member of the ECG decision-making process. In 2001 the country formally declared that it accepts and will implement the common approaches. Accordingly, the institutions dealing with export credit financing and insuring had to integrate the environmental monitoring system, which is being operated according to the OECD Common Approaches. Hungarian legislations related to MEHIB contain the condition according to which the environmental screening must be carried out.<\/p>\n<p>&nbsp;<\/p>\n<p>Related Legislation and Regulatory Documents:<\/p>\n<ul>\n<li>Government Decree 85\/1998. (V. 6.) on the Interest Equalisation System of the Hungarian Export-Import Bank<\/li>\n<li>Government Decree 435\/2012. (XII. 29.) on Guarantees Assumed by the Hungarian Export-Import Bank with a State Payment Guarantee and on the Conditions and Detailed Regulations of the Replacement and Interest Costs of Foreign Currency and Interest Swap Transactions<\/li>\n<li>Government Decree 312\/2001. (XII. 28.) on the terms of the insurance of non-marketable risks by the Hungarian Export Credit Insurance Plc. with a government payment guarantee provided from the central budget<\/li>\n<li>Act XLII of 1994 on the Hungarian Export-Import Bank PLC and the Hungarian Export Credit Insurance PLC<\/li>\n<li>TAD\/ECG(2016)3 recommendation of the council on common approaches for officially supported export credits and environmental and social due diligence (the \u201ccommon approaches\u201d)<\/li>\n<li>Government decree 232\/2003 on Tied Aid Loans Disbursed by Eximbank<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><div class='accordion-item'><h2 class='accordion-header accordion-header--main' id=''><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_4' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_4'>Ani-corruption policy<\/button><\/h2><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_4' class='accordion-collapse collapse' aria-labelledby='' data-bs-parent='#accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><div class=\"accordion__link-wrapper\">\n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/Anti-bribery_MEHIB-English.pdf\" target=\"_self\" aria-label=\"Anti bribery MEHIB\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">Anti bribery MEHIB        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2020. 03. 04.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/Information-on-measures-to-be-taken-to-prevent-corruption-offences_MEHIB-ENG.pdf\" target=\"_self\" aria-label=\"Information on measures to be taken to prevent corruption offences\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">Information on measures to be taken to prevent corruption offences        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2020. 03. 04.<\/div>            <\/div>\n        <\/div><\/div><\/div><\/div><div class='accordion-item'><h2 class='accordion-header accordion-header--main' id=''><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_5' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_5'>Data protection and data security regulations<\/button><\/h2><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_5' class='accordion-collapse collapse' aria-labelledby='' data-bs-parent='#accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><div class=\"accordion__link-wrapper\">\n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/DataprotectionnoticeforClients.pdf\" target=\"_self\" aria-label=\"Data protection notice for Clients\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">Data protection notice for Clients        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2022. 04. 12.<\/div>            <\/div>\n        \n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/K202209_DataProtectionandDataSecurityRegulations.pdf\" target=\"_self\" aria-label=\"Data Protection and Data Security Regulations\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">Data Protection and Data Security Regulations        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2022. 04. 12.<\/div>            <\/div>\n        <\/div><\/div><\/div><\/div><div class='accordion-item'><h2 class='accordion-header accordion-header--main' id=''><button class='accordion-button collapsed' type='button' data-bs-toggle='collapse' data-bs-target='#collapse_block_db710954d1f4ed1c4d3ec3facee17202_6' aria-expanded='false' aria-controls='collapse_block_db710954d1f4ed1c4d3ec3facee17202_6'>Country risk classification<\/button><\/h2><div id='collapse_block_db710954d1f4ed1c4d3ec3facee17202_6' class='accordion-collapse collapse' aria-labelledby='' data-bs-parent='#accordion_block_db710954d1f4ed1c4d3ec3facee17202'><div class='accordion-body accordion-body--content'><div class=\"accordion__link-wrapper\">\n        <a class=\"link link--secondary link--icon has-icon \" href=\"https:\/\/exim.splendex.dev\/wp-content\/uploads\/Countryriskclassificationscoverpolicy2023.12.13-1.pdf\" target=\"_self\" aria-label=\"COUNTRY RISK CLASSIFICATIONS AND COVER POLICY OF MEHIB PLC.\">\n\n            <img decoding=\"async\" src=\"https:\/\/exim.splendex.dev\/wp-content\/themes\/frontend\/assets\/icons\/icon-file-download.svg\" loading=\"lazy\" class=\"link__icon\" alt=\"\">COUNTRY RISK CLASSIFICATIONS AND COVER POLICY OF MEHIB PLC.        <\/a>\n\n                    <div class=\"link__comment-wrapper\">\n                <div class=\"link__comment\">2024. 05. 26.<\/div>            <\/div>\n        <\/div><\/div><\/div><\/div>      <\/div>\n\n\t\t            <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-20995","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8-RC7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mehib conditions - EXIM<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exim.splendex.dev\/mehib-kondiciok\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mehib conditions - EXIM\" 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