News

Modified Premium Calculation for Counter Garantees and Working Capital Insurance

From today, the premiums for counter guarantees and working capital insurance will be calculated by SERV based on the performance rating of the exporter, which provides for five levels that determine the annual premium rate. Accordingly, the guarantee commissions and interest margins of the financial institutions can now be based on the default risk of SERV rather than on the credit rating of the respective exporter.

The SERV counter guarantee premium is due when the guarantee commission is debited by the guarantor; the working capital insurance premium is due when the interest is charged to the loan account.

For detailed information please refer to the Information Sheet and the Complement to the Premium Tariff on our website.

The Premium Calculator will calculate the new premiums for the products concerned.