Cover Policy – Export Credit Guarantees
There are no formal restrictions on cover.
Cover facilities are available under a ceiling of EUR 200 million with a limit on the size of the individual transaction of EUR 20 million. This limit may be exceeded if a transaction is particularly deserving of promotion - especially for projects of particular economic importance e.g. in infrastructure.
Transactions which are financed with a tied buyer loan are not booked against the ceiling until the loan agreement is also concluded (“first come, first served basis”).
In addition, cover is available for project finance and other structured finance deals, where necessary based of countertrade transactions.
For medium and long-term transactions a state guarantee or bank security is required if the foreign buyer’s creditworthiness is inadequate.
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, https://www.gtai.de).
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.
No responsibility is taken for the correctness of the information provided.
Securing exports with Hermes Cover: