SERV defines transfer risk as government or central bank currency measures that prevent the buyer from making a payment. The buyer in such cases may have deposited equivalent funds in local currency, but the central bank will not release the currency required. Along with transfer risk, SERV also covers the risk that an official or legal prohibition on payments may prevent a foreign buyer from making a payment by the due date.
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.
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Transfer risk