Notification of outcome
SIMEST letter reporting the outcome of the Subsidy Committee resolution, sent to the Applicant (and cc'd to the Exporter, if different) by certified email (PEC), courier or registered letter with acknowledgment of receipt.
§ Section 05 · Process
Digital submission via the SIMEST Portal, documentary review, Subsidy Committee resolution, conditions for effectiveness — and disbursement to the Italian Exporter within 30 days of a complete request.
All required steps, in order, from the preliminary notice to filing.
Notify SIMEST during the preliminary phase of the commercial negotiations to allow assessment of the transaction and its implications on the 295 Fund's resources.
The Applicant (Exporter or Discounting Bank) registers on the SIMEST financing portal — portalefinanziamenti.simest.it.
The application is completed in full, digitally signed by the legal representative, with all required documentation attached.
Submission must be made through the Portal. SIMEST assigns a progressive file number based on the date of receipt.
Any clarifications and supplementary documents are provided within 30 business days of SIMEST's request. Failing this, the application is closed.
The application is submitted to the next available Subsidy Committee within 3 months of documentary completeness.
Deadline for clarifications and supplementary documents requested by SIMEST.
From documentary completeness to the next available Subsidy Committee.
Files are submitted to the Committee in the order in which documentary completeness is reached. The resolution is subject to the condition precedent of available 295 Fund resources.
The Subsidy Committee's resolution is communicated via certified email (PEC) or registered letter. Three standard conditions make the subsidy effective.
SIMEST letter reporting the outcome of the Subsidy Committee resolution, sent to the Applicant (and cc'd to the Exporter, if different) by certified email (PEC), courier or registered letter with acknowledgment of receipt.
Execution of the discount agreement in a form satisfactory to SIMEST, where not yet entered into as of the resolution date.
Signature for acceptance of the SIMEST – Discounting Bank direct agreement, or of the SIMEST – Exporter agreement (standard versions available on simest.it).
First disbursement under the discount agreement within 6 months of the Committee resolution (not applicable if the discount has already been carried out as of the application date).
Disbursement in euros, within 30 days of a complete request.
The Export Contribution is in all cases disbursed to the Italian Exporter, even when the Applicant is the Discounting Bank or an intermediary bank.
Disbursement within 30 calendar days of receipt of the disbursement request, complete with all supporting documentation.
▸ Calculated in EUR · ▸ Summary statement sent by SIMEST to the Applicant (and to the Exporter, if different) · ▸ For applications submitted by the Exporter: disbursement is made net of the 4% withholding tax · ▸ In case of delayed disbursement despite complete documentation, late-payment interest applies (Euribor 1m, simple basis).
We are the single point of accountability for the Italian Exporter and the GCC Buyer from structuring to post-disbursement monitoring.
Commercial contract analysis, notes schedule optimisation, semi-annual repayment plan, SPOC alignment, Consensus-limits verification.
Applicable CIRR determination, delta calculation between discount rate and deferral rate, matrix-cap assessment, estimation of the expected Contribution.
Selection of the Discounting Bank, negotiation of the discount agreement and SACE policy, coordination of the SIMEST – Bank direct agreement.
End-to-end portal management: documentation, anti-mafia declarations, supplements, Subsidy Committee monitoring, outcome notification.
DSAN, Catastrophe Insurance Policy (L. 213/2023), CUP where applicable, BDNA entry and anti-mafia checks management.
Notes-schedule monitoring, extension management, prevention of termination / revocation events, support on Top-ups and refunds.
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