Additional documents supplier credit insurance
Additional documents pre-shipment risk insurance
Additional documents contract bond insurance
Additional documents counter guarantee
Additional documents confiscation risk insurance
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Products for exporters
Supplier credit insurance
Premiums for supplier credit insurance are based on the insured credit amount without interest or, for cash transactions, the insured receivable.
The risk period is calculated as follows:
- Half of the disbursement period
- Plus the credit repayment period
Repayment periods vary depending on the repayment profile. The standard repayment profile involves equal semi-annual instalments. A non-standard repayment profile can increase or decrease the repayment period.
Credit securities can reduce the economic risk premium. A correction factor is used for short-term transactions.
Pre-shipment risk insurance
Premiums for pre-shipment risk insurance are based on the production costs to be insured. The exporter determines the amount of cover, which can include peak risk cover. Cover normally applies to goods that cannot be easily used or sold elsewhere.
The risk period is equal to half the time from the entry into force of the export contract to the (final) shipment of the goods.
A reduced economic risk premium and a correction factor are applied.
Contract bond insurance
Premiums for contract bond insurance are based on the insured guarantee amount.
The risk period begins with the delivery of the guarantee document to the beneficiary. It ends with the surrender of the guarantee document, expiry of the contract bond, or when the institution issuing the bond discharges the policyholder from the counter-guarantee.
A reduced economic risk premium and a correction factor are applied.
Counter guarantee
The calculation of the premiums for counter guarantees is based on the performance rating of the exporter set by SERV. The rating provides for five levels that determine the annual premium rate:
P1: 0.25% p. a.
P2: 0.50% p. a.
P3: 0.75% p. a.
P4: 1.00% p. a.
P5: >1.00% p. a.
The premium rate is multiplied by the guaranteed amount, the risk period and the cover ratio.
Confiscation risk insurance
Premiums are based on the insured value of the goods. The risk period commences when the goods are shipped out of the country and ends when the goods are returned or sold.
No economic risk premium is levied. A correction factor applies.
Version: 11.05.2012