Glossar
Principles of Swiss foreign policy
peoples as well as the conservation of natural resources (art. 54 para. 2 of the Swiss Constitution). SERV abides by these principles in its business operations.
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abroad or domestic government measures (export prohibitions). Depending on the insurance product, SERV can cover the risk that political causes will make it impossible or impracticable to continue man
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Glossar
Risk-bearing capital (RBC)
corresponds to the “Technical provisions” typically used in the insurance industry. In accordance with SERV-V, provisions for losses not yet incurred must be shown as equity items. The RBC is determined by
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Glossar
OECD rating / OECD country risk category (CRC)
SERV defines the OECD rating as the OECD’s classification of countries into the categories CRC 0 – CRC 7 and "High Income“. CRC 0 is the lowest risk level, CRC 7 the highest. The “High Income“ category
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Supplier credit insurance
for goods or services that were provided to a customer abroad. Exporters receive their money from SERV if an insured risk leads to non-payment. Insurance is available for political, transfer, force majeure
https://www.serv-ch.com/en/services/for-swiss-exporters/supplier-credit-insurance/
Glossar
Debt rescheduling / Debt rescheduling agreement
For SERV, debt rescheduling is about restructuring an over-indebted country's obligations. The debtor country and its creditor countries in the Paris Club conclude a special agreement (debt rescheduling
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Job openings SERV has attractive conditions of employment and pursues a progressive, transparent and socially responsible staffing policy. Our team, located in a modern, centrally located facility in Zurich
https://www.serv-ch.com/en/career-alt/
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Pre-shipment risk insurance
Pre-shipment risk insurance SERV pre-shipment risk insurance covers the exporter’s prime costs of an export transaction if production has to be stopped because an insured risk has occurred. Cover can be
https://www.serv-ch.com/en/services/for-swiss-exporters/pre-shipment-risk-insurance/
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Refinancing guarantee
Refinancing guarantee By issuing a refinancing guarantee , SERV promises the refinancing financial institution to honour on first written demand the payment obligations imposed by a refinancing loan agreement
https://www.serv-ch.com/en/services/for-financial-institutions/refinancing-guarantee/
Glossar
Arrangement on Officially Supported Export Credits / OECD Export Credit Group
As a member of the Swiss delegation led by the Swiss State Secretariat for Economic Affairs (SECO), SERV supports the work of the OECD Arrangement Group and the OECD Export Credit Group.
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