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Non-payment risk
Oka insures payment and delivery obligations so lenders and investors can finance climate, sustainability, and carbon projects across the value chain.
Introducing
Basel-compliant project finance cover
Oka covers counterparty non-payment and related contract exposures across the full project lifecycle, including post-execution, so lenders can reduce portfolio volatility, clear sustainability-linked contracts faster, and deploy capital within their risk limits.
Terms agreed
Contract executed
Funds drawn
Funds deployed
Borrower default
Payment due
Loan non-payment
How it works
From commitment to repayment
01
The financing pathway
Climate financings run across long tenors, multiple counterparties, and shifting delivery and policy conditions. Risk compounds through drawdown, monitoring, and repayment, where enforceability and recovery can be slow.
02
Where the risk sits
Between close and maturity, an obligor can miss scheduled payments or default – whether driven by project execution slippage, delayed cashflows, or disrupted settlement – leading to losses and potentially recovery lag.
03
If it goes wrong
If an obligor fails to pay the insured amount under the agreed credit terms of the loan or trade obligation, the insured receives a cash payout for the loss, reducing downside and stabilising recovery outcomes.
Who we insure
Capital relief for project lenders
As an eligible guarantee under Basel rules, Oka's non-payment protection provides capital relief to lenders across the spectrum.
Commercial banks
Traders
Investment funds
Corporate lenders
Export credit agencies
Multilateral institutions
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