Untied Loan Guarantees of the Federal Republic of Germany

Federal Guarantees for Untied Loans (Untied Loan Guarantees) provide banks with cover against economic and political credit default risks. In issuing Untied Loan Guarantees the Federal Government supports the secure supply of raw materials to German industry (raw material projects) as well as the promotion of market development structures abroad (business development bank projects). The financed project must be assessed as principally eligible for cover pursuant to political aspects or it must be in the German public interest.

The German Government has appointed a consortium formed of PricewaterhouseCoopers Aktiengesellschaft Wirtschaftsprüfungsgesellschaft (PwC) and Euler Hermes Aktiengesellschaft (Euler Hermes) to manage and administrate the Untied Loan Guarantees of the Federal Republic of Germany. PwC is the lead partner.