Luxembourg
Cover Policy – Export Credit Guarantees
The country is a high-income country of the OECD or the Eurozone, which has not been classified by the OECD with regard to its risk. A premium category, which applies in all OECD countries, does not exist. The premium is calculated on the basis of a market test.
Short-term Business
For a limited period of time until the end of December 2021, cover is available for transactions with credit terms of up to 24 months.
Medium/long-term Business
There are no formal restrictions on cover.
Collateral
Collateral is not normally required.
Further Information
Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties can be found on the website of Germany Trade & Invest (gtai).
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Cover Policy – Untied Loan Guarantees
There do not exist any restrictive country cover policy decisions for Untied Loan Guarantees. However, when deciding on cover of raw material projects, the Federal Government always takes the current situation in the host country into account. If you have any queries, please do not hesitate to contact our experts.
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No responsibility is taken for the correctness of the information provided.