Refinancing guarantee

With a refinancing guarantee, SERV is obligated to compensate a refinancing institution for already insured receivables upon first written demand.

The refinancing guarantee allows the financial institutions providing export credit to obtain more attractive refinancing terms.

Refinancing guarantees are always issued in combination with buyer credit insurance or supplier credit insurance assigned to a bank.

Insured risk:

• Non-payment by a financial institution granting export credit of amounts due to the refinancing institution.

The maximum cover ratio is 100%.

This SERV product is limited until the end of 2015.