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Insuring export business as bank

Buyer Credit Cover - express

Product at a glance

Buyer credit cover - express enables banks to insure their receivables arising from the financing of German export transactions having an order value of up to EUR 5 million (financing of small and medium-sized enterprises).

The Buyer Credit Cover will be granted within 4 days after the submission of the application (so-called fast-track procedure).

The fast-track procedure for Buyer Credit Cover can be used only if the bank signs a Procedural Agreement with the Federal Government and conducts a preliminary loan review in accordance with the requirements laid down by the Federal Government the result of which must be submitted together with the application.

More information (German version only).

Target group

  • German banks
  • Branch offices of foreign banks in Germany
  • Foreign banks (under certain conditions)

Payment terms of the covered transactions

  • Short-term (up to 2 years)
  • Medium/long-term (from 2 years up to a maximum of 5 years)

Insurable risks

A Buyer Credit Cover offers protection against payment default, particularly if

  • the borrower becomes insolvent
  • the borrower fails to make payment within one month after due date (protracted default)
  • adverse measures are taken by foreign governments or warlike events arise
  • local currency amounts are not converted or transferred

Special features

Without having to pay additional premium the exporter can take out a Supplier Credit Cover to cover the risk of non-payment under the buyer credit.

In order to facilitate refinancing through the capital market an additional Securitisation Cover can be taken out. Alternatively, a Buyer Credit Cover can be supplemented with a Securitisation Guarantee for the KfW Refinancing Programme in order to generate liquidity by refinancing receivables covered by a state export credit guarantee with KfW.

Premium

  • Single premium calculated as a percentage of the order value covered (interest excluded) as well as specific processing fees
  • For a detailed calculation there is an interactive premium calculator available (German version only).

Uninsured portion

5 % for all risks

Supplementary cover

If required, cover under a Buyer Credit Cover can be supplemented with

For advice please contact

Mr Jens Kruse
Phone: +49 (0) 40 / 88 34 - 90 89
Email: info(at)exportkreditgarantien.de

Downloads

Procedural Agreement (German version only; 156 KB)

General Conditions: Buyer Credit Cover (German version only; 468 KB)

Supplementary provisions (186 KB) relating to the assignment of Guaranteed Amounts
amend Art. 19 and 20 of the General Conditions (ECG/BCG/P/PL) as well as Art. 17 of the General Conditions (FG)

Product information Buyer Credit Cover (409 KB)

Application for a Buyer Credit Cover (German version only) (215 KB)
Application for a Buyer Credit Cover (German version only) (269 KB)

Letter of Undertaking to the Application for Buyer Credit Cover (42 KB)
Letter of Undertaking to the Application for Buyer Credit Cover (196 KB)

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