In November, SERV issued for the first time a tailor-made Glossarysupplier credit insurance policy. The solution allowed the exporter, General Electric (GE), to sell its claims arising from the export transaction without recourse to Credit Suisse, which financed the transaction.
This was made possible by an innovative approach to the allocation of obligations between the bank and the exporter in the general terms and conditions. Other exporters can also benefit from this solution if the financing bank provides appropriate conditions.
For further information contact us. Our client advisors will be happy to assist you.