Glossar
Pathfinding Strategy
As part of the Pathfinding Strategy, SERV actively identifies and evaluates international infrastructure projects requiring financing in sectors where Swiss exporters are strong. In collaboration with [...] with other funding vehicles and industry associations, SERV also puts Swiss SMEs in touch with general contractors through its network. Swiss companies thereby have access to general contractors and have a [...] being considered for projects they are working on. At the same time, the assessments carried out by SERV also give Swiss companies the assurance that projects are being implemented in line with international
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Gastkommentar_NZZ_Peter_Gisler_20.01.2023.pdf
Seit gut fünf Jahren darf ich nun die schweizerische Export- wirtschaft als Direktor der SERV unterstützen. Die SERV ist die Exportrisikoversicherung des Bundes. Sie versichert eigenwirt- schaftlich Expo [...] Ausland aus politischen oder wirtschaftlichen Gründen nicht zahlen kann oder will. Auch trägt die SERV mit ihren Ver- sicherungsprodukten dazu bei, dass Unternehmen für ihre Herstel- lungskosten Zugang [...] Ausland und die Leistungsfähigkeit der Schweizer Exporteure effi- zient gebündelt werden. Neben der SERV sind auch der Exportförderer Switzerland Global Enterprise (S-GE) sowie diverse Verbände, allen voran
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Working capital insurance
the financial institution can take out working capital insurance from SERV. The financed export generally has to be insured with SERV, too. The insurance covers the financial institution’s claims for repayment [...] repayment from the exporter or its subcontractors under the working capital loan agreement. SERV indemnifies the financial institution if the exporter becomes insolvent during the credit period or fails
https://www.serv-ch.com/en/services/for-financial-institutions/working-capital-insurance/
Counter guarantee A SERV counter guarantee covers the Swiss exporter’s payment obligation to the guaranteeing financial institution. SERV will compensate the financial institution on first written demand [...] guaranteeing financial institution. The counter guarantee supplements contract bond insurance from SERV and allows exporters to obtain a contract bond from their financial institution more easily. Counter
https://www.serv-ch.com/en/services/for-swiss-exporters/counter-guarantee/
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Product details letter of credit confirmation insurance
favour. SERV sets limits for the foreign financial institutions that most frequently open letters of credit. Therefore, SERV can usually make a suitable insurance commitment within 24 hours. SERV waives [...] via-à-vis the financial institution opening the letter of credit ancillary financing costs (including the SERV premium) interest receivable until the due date default interest during the waiting period prepayment
https://www.serv-ch.com/en/services/for-financial-institutions/letter-of-credit-confirmation-insurance/product-details-letter-of-credit-confirmation-insurance/
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Letter of credit confirmation insurance
unwilling to assume this risk without SERV’s insurance. It thus covers payment default due to political, transfer, force majeure or del credere risks . In this context, SERV defines a del credere risk as the [...] bank issuing the letter of credit or the improper non-payment of the debt from the letter of credit. SERV waives its right vis-à-vis the confirming bank to modify the cover due to increased risk during the
https://www.serv-ch.com/en/services/for-financial-institutions/letter-of-credit-confirmation-insurance/
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Sitzungsdaten_VR-VA_2024_e.pdf
in 2024 Swiss Export Risk Insurance, Genferstrasse 6, 8002 Zürich T +41 58 551 55 55, info@serv-ch.com, www.serv-ch.com Meeting Dates of the Board of Directors: 28 February 2024 17 April 2024 19 June 2024 [...] entitled to demand that an application be decided at a specific meeting date. Valid as at January 2024 SERV BoD Secretariat
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Exporteurfragebogen_e.docx
applicant Seite 1 von 13 SERV Swiss Export Risk Insurance, Genferstrasse 6, 8002 Zurich T +41 58 551 55 55, F +41 58 551 55 00, info@serv-ch.com, www.serv-ch.com Page 2 of 12SERV Swiss Export Risk Insurance [...] the case completely and correctly and must notify SERV of any material changes without delay (Art. 8 of the Swiss Export Risk Insurance Ordinance (SERV-V)). If a natural person is affected by the data [...] data stored about him or her by SERV (Art. 25 of the Swiss Federal Act on Data Protection (FADP)). If an applicant is unwilling to provide the required information, SERV may refuse to grant them insurance
Glossar
Transactions of particular significance
foreign policy implications. The Federal Council may give SERV instructions on the insurance of such export transactions (art. 34 SERVG and art. 28 SERV-V).
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SERV’s premium tariff includes provisions regarding premium policies, types, amounts, surcharges, discounts, collection and reimbursement. The premium tariff is approved by the Federal Department of Economic [...] and Research (EAER) and reflects the OECD rating and the principle of economic viability (art. 16 SERV-V).
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