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.
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).
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