National Export Credit Agencies (ECAs) provide credit insurance and financial guarantee solutions to help exporters grow internationally. An Asia-Pacific based ECA requested support to develop a notional capital management framework. Based on decades of experience working with ECA clients, we proposed and developed a notional capital framework and financial model to define risk limits that are pragmatic and suitable to the clients’ needs. An extensive review of the client’s existing portfolio and products was conducted for the findings report, followed by a benchmarking report on the capital management of other ECAs and financial institutions. The recommendations included a robust model which calculates the capital required to cover unexpected losses and the potential for future growth.