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Covered Risks

Protection against political and commercial risks

Export Credit Guarantees protect your company against bad debt losses for political and commercial reasons. In addition to foreign currency shortages in the buyer’s country, for example, warlike events, civil unrest or payment embargoes because of exchange restrictions can be political causes of loss. Commercial causes of loss are, for example, the protracted default of a buyer or his insolvency.

The Federal Republic of Germany protects your receivables against political and commercial risks.

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Great variety of products for exporters and banks

Whether you export on short or longer payment terms, to one or several buyers, only once or regularly, whether you make use of bank loans or buyer credits or wish to finance complex projects: There exist suitable forms of cover for every export transaction – the Export Credit Guarantee scheme offers a comprehensive range of products.

In order to finance the export transaction your foreign buyer may either make use of a supplier credit or a buyer credit. If a supplier credit is taken out, the German exporter applies for cover for his transaction. If a bank finances the export transaction under a buyer credit, it can protect itself against the risk of non-payment with Hermes Cover (buyer credit guarantee).

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If required, cover exists for the entire period before and after the shipment of the goods until the full payment of the receivables. Please inform yourself before submitting an application what form of cover is suitable for your supplies or services so that you will receive optimum protection against the specific risks involved in your transaction.

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.

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