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Brief information on the Philippines
| Short-term | Cover facilities are available for transactions with private buyers on the basis of up-to-date information material which, subject to the application of strict criteria, must justify the granting of cover. A restrictive approach is adopted to cover of transactions with public buyers and large-scale projects are carefully examined to determine their eligibility for cover. |
|---|---|
| Medium/long-term | Cover facilities are available with a limit on the size of the individual transaction of EUR 25 million. Cover is available for transactions with private buyers on the basis of up-to-date information material and a special examination of the project’s economic viability and ability to generate foreign exchange revenues. As regards the assessment of the buyer’s creditworthiness strict criteria are applied also in respect of the repayment profile and the foreign exchange portion of the debt, the buyer’s financial reserves, market position and revenues. A restrictive approach is adopted to cover of transactions with public buyers and large-scale projects are carefully examined to determine their eligibility for cover. |
| Collateral | For medium and long-term transactions with public buyers comprehensive security provided by the Ministry of Finance or the state bank is required. |
| Country risk category | 4 |
No responsibility is taken for the correctness of the information provided
More detailed information on the cover policy can be found in all
articles of the AGA-Report
on the Philippines (German version only) and country information
on commercial practices, business climate, market analyses, law,
import procedures, customs duties can be found on the 
website
of Germany Trade & Invest (gtai).
The senior country advisers for the Philippines will be pleased to answer your questions
- on single transaction cover: Mr Michael Schröder, phone: +49 (0) 40 / 88 34 - 90 83
- on revolving and wholeturnover cover: Mr Holger Ehrich, phone: +49 (0) 40 / 88 34 - 90 26
- on economic analyses: Mr Jörg Walter, phone: +49 (0) 40 / 88 34 - 91 01