EFIC will "evolve" finance product range.

• Position: Financial Services - Australian Export Finance and Insurance Corporation

Australia's Export Finance and Insurance Corporation (EFIC) will strive to evolve their product offerings as their customers' situations change and competition from foreign agencies increase, EFIC general manager for export and project finance Angus Armour said.

Armour said EFIC was mindful that their clients continually face new situations, meaning that EFIC's various export finance products had to be "bespoke rather than off the rack".

"You'll have an individual approach us with a services contract in the Philippines, the next person will have a capital goods export to Sudan--these are exporters with very different issues they're confronting. Just by the very nature of what our customers do we have to be constantly adapting to their circumstance," he said.

"Secondly, the export credit agencies we compete with overseas are also changing and evolving, so we can't afford to stay still."

The export finance products on offer, however...