Supplier credit insurance

Supplier credit insurance allows Swiss exporters to cover short-term or long-term cash or credit receivables from individual export transactions. This insurance also allows coverage of the non-disbursement risk during the period from the despatch to the disbursement of a buyer credit, if the export transaction is financed with a tied buyer credit.

Insured risks:

Cover is provided against non-payment due to

• political risks
• transfer risks
• force majeure risks
• del credere risks such as the insolvency of the buyer or non-payment of the debt within 3 months of its maturity (protracted default)

Regardless of the legal existence of a due claim, the risk of confiscation, damage or destruction of despatched goods for political reasons is fully covered, provided that this risk could not have been otherwise insured at reasonable terms.

If this provision is not applied, at least the prime costs shall be insured within the scope of the supplier credit insurance.

The maximum cover ratio for political risks is 95%; the maximum cover ratio for economic risks is also 95%, limited until the end of 2015.