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Insuring export business as bank

Framework Credit Cover

Brief description

With a Framework Credit Guarantee banks can insure their receivables arising from individual loans granted under a general loan agreement (credit line) to finance German export transactions.

Target group

  • German banks
  • German branch offices of foreign banks
  • Foreign banks (under to certain conditions)

Payment terms of the covered transactions

Medium/long-term (2 years and longer)

Insurable risks

Framework credit cover offers protection against payment default, particularly if

  • the foreign buyer becomes insolvent
  • the foreign buyer 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

Premium

  • An individually calculated percentage of each individual loan amount (interest excluded) as well as specific processing fees
  • For a detailed calculation there is an interactive premium calculator available.

Uninsured portion

  • 5 % for all risks

Supplementary cover

If required, framework credit cover can be supplemented with

For advice please contact

Phone: +49 (0) 40 / 88 34 - 90 00
Email: info(at)exportkreditgarantien.de

Downloads

Product Information Framework Credit Cover (224 KB)

Application for Framework Credit Cover (German version only) (42 KB)

Advice of a contract conclusion (German version only) (54 KB)

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