New products launched in connection with phase II of federal stabilisation measures
Swiss exporters are being hit hard in the current economic crisis. In addition to falling orders, exporters are unable to obtain sufficient credit for guarantees and financing. At the same time, the interbank market situation is making export financing more expensive.
Within the framework of phase II of the stabilisation measures, SERV has introduced a number of additional products (limited until the end of 2011) for the purpose of facilitating export transactions.
The maximum cover ratio for political risks is 95 percent; the new maximum cover ratio for economic risks is also 95 percent, limited until 31 December 2011.
Except for the new limited products, insurance cover is only possible for transactions with a risk period of at least two years.
For the new products, expense premiums are only charged in exceptional cases.
Version: 07.08.2009