Menu

SERV glossary

Technical terms

The glossary contains precise explanations of key terms – from the Arrangement on Officially Supported Export Credits and del credere risk through to working capital insurance.

Use the alphabetically sorted list or the search function to search for specific terms.

Contract bond insurance

A contract bond is a guarantee that must be issued by a bank on behalf of an exporter to the foreign debtor (bid, advance payment, delivery, service, performance or warranty bonds). SERV contract bond insurance covers these guarantees from the risk of being unfairly called.

Back