Cover Practice for Countries and Banks
The cover practice for countries shows the country classification as well as SERV's cover practice. Errors and omissions excepted. The committee's decision when reviewing the relevant application is binding.
The cover practice for banks contains all the banks within a country that in principle qualify for credit risk cover. It is updated regularly. Banks that are not listed by name, but have a current rating that meets SERV's criteria, are also in principle acceptable. Payment guarantees of a Ministry of Finance or a Central Bank are usually accepted (subject to cover practice). The committee's decision when checking the relevant application is binding. No liability is accepted for any errors. It is therefore advisable to seek clarification from SERV in individual cases.
CRC = Country Risk Category
CC = Consensus Category
ST = Short term, credit period below two years
MLT = Medium/long term, credit period two years or more