Foreign currency contingency risk: Insurance policies in Swiss currency with no exchange rate limit; foreign currency policies
We apply the following surcharges to foreign currency contingency risk coverage without exchange rate limit and to policies in foreign currencies:
EURO: 5 percent surcharge on the insurance premium
US dollars: 10 percent surcharge on the insurance premium
Other currencies: 10 percent on the insurance premium (not applicable to foreign currency policies; only applicable to foreign currency contingency risk coverage without currency rate limit). We determine the currencies to which this kind of coverage applies.
The counter guarantee and the working capital insurance are not subject to surcharges.
Insurance cover is only possible for transactions with a risk period of at least two years (exceptions: working capital insurance, letter of credit confirmation insurance, refinancing guarantee, counter guarantee).
Version: 03.08.2009