Support for German enterprises’ activities abroad

Export Credit Guarantees and Untied Loan Guarantees have been well established and tried and tested foreign trade promotion instruments of the German Federal Government for decades. They are managed on behalf of the Federal Republic of Germany by Euler Hermes Aktiengesellschaft.

Information on other foreign trade promotion instruments of the Federal Government can be found at

The promotion scheme at a glance


Export Credit Guarantees (Hermes Cover) protect export transactions, in particular in difficult and high-risk markets, against a payment default for commercial / political reasons. 


Investment Guarantees protect direct investments of German companies in emerging markets and developing countries against political risks.               

     Raw materials

Untied Loan Guarantees support the external financing of raw materials projects abroad which are eligible for cover and secure the supply of the German industry with raw materials.

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What are “state export credit guarantees”?


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Solutions for small and medium-sized enterprises

The Export Credit Guarantees of the Federal Republic of Germany support in particular small and medium-sized enterprises in establishing trade relations with business partners abroad.
The main purpose of Hermes Cover is to provide protection against bad debt losses in connection with supplies to difficult and risky markets.
Besides, as a small or medium-sized enterprise you will also benefit from easier access to export finance.

Foreign business – yes, but on a safe basis

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myAGA is our customer portal for exporters and banks.

Submitting applications, reporting losses or sharing documents with us in a simple way.

At the moment there are the following apps available:

  • Exporters application (all products for individual cover) 
  • Bank application (Buyer Credit Cover, Covered Bond Guarantee, Securitisation Guarantee)

Indemnification application

  • Wholeturnover Policy (APG)
  • Wholeturnover Policy light (APG light)
Logo Markterschließungsprogramm

Market development programme for small and medium enterprises

A programme of the Federal Ministry for Economic Affairs and Climate Action for SME to support their way in new markets. 

Quick Links

Application forms

Direct access to the application forms  

IMC meeting dates

IMC information and overview over the meeting dates (DE)


Overview over the country policy decisions


Looking for contacts for all three support instruments

Your way to buy 'Made in Germany'


There are about 50,000 export-oriented companies in Germany offering:

  • Highest quality standards and expertise
  • Innovation combined with long-term experience and
  • Trustful business partnerships.

The German industry landscape offers the broadest range of sectors in the world! For sure there are products and services “Made in Germany” that fit your business needs.

The Export Credit Guarantees of the Federal Republic of Germany – also known as Hermes Cover – enable you to buy “Made in Germany”.