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Cover policy for countries and banks
application is binding. Banks The cover policy for banks contains all the banks within a country that in principle qualify for credit risk cover. It is updated regularly. Banks that are not listed by name [...] Cover policy for countries and banks Countries The cover policy for countries shows the country classification as well as SERV's cover policy. Errors and omissions excepted. The committee's decision when [...] criteria, are also in principle acceptable. Payment guarantees of a Ministry of Finance or a Central Bank are usually accepted (subject to cover policy). The committee's decision when checking the relevant
https://www.serv-ch.com/en/services/cover-policy-for-countries-and-banks/
minimised. Learn more Cover policy for countries and banks In cover policy you will find the most recent country classifications and the accepted foreign banks. Learn more Client success stories Swiss Export
https://www.serv-ch.com/en/services/
situation A Swiss bank is supposed to confirm a letter of credit from the buyer’s bank as part of an export transaction. However, the Swiss bank is not prepared to assume the payment risk of the bank that has issued [...] for countries and banks. Banks The banks that SERV accepts for covering commercial risk and their ratings are listed at www.serv-ch.com > Services > Cover policy for countries and banks. SERV may also insure [...] of its bank, or the costs of doing so would adversely impact on its liquidity. Object of cover If a bank grants an exporter a loan to finance the production costs of an export transaction, the bank can take
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Informationsflyer_SERV_e.pdf
payment guarantee, but your credit limit at your bank is too low or the amount would impair your liquidity? With a counter guarantee, SERV provides the bank with a guarantee to cover your obligations as an [...] by SERV can be assigned or sold to a bank with the agreement of SERV. Does a foreign buyer need to take out a loan to purchase your export goods, but the lending bank is not willing to assume the risk? With [...] With buyer credit insurance, the bank can offer the foreign buyer a medium- to long-term financing option without being exposed to any payment risk. In such case, the bank insures the loan with SERV. This
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Services for financial institutions
confirm a letter of credit from a foreign bank in connection with an export transaction of one of your customers? But you don’t want to bear the risk of the foreign bank? Learn more Refinancing guarantee You [...] confirm a letter of credit from a foreign bank in connection with an export transaction of one of your customers? But you don’t want to bear the risk of the foreign bank? Learn more Refinancing guarantee You
https://www.serv-ch.com/en/services/for-financial-institutions/
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Letter of credit confirmation insurance
as the insolvency of 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 [...] Letter of credit confirmation insurance With Letter of credit confirmation insurance , a bank can confirm a foreign financial institution’s letter of credit in cases where it would have been unwilling
https://www.serv-ch.com/en/services/for-financial-institutions/letter-of-credit-confirmation-insurance/
Glossar
Letter of credit confirmation insurance
which serve to pay export receivables of Swiss exporters. The bank confirming the letter of credit is thus protected against default of the bank issuing the letter of credit. The maximum cover ratio is 95
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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
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Antikorruptionserklaerung_Exporteur_e.pdf
financial institu- tions: World Bank Group, African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development and the Inter-American Development Bank; and further we confirm that:
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Financing thanks to working capital insurance
able to solve this problem: it took on Acqiris’ default risk vis-à- vis the bank via working capital insurance . In turn, the bank issued a loan that enabled Acqiris to pre-finance its production without [...] means that Acqiris needs to pre-finance its production costs – and here lies the crux of the matter. Banks adhere to strict criteria when it comes to giving out loans, and Acqiris does not meet these criteria [...] company was not old enough and did not have the necessary balance sheets to receive a traditional bank loan,” explains Didier Lavanchy, Acqiris’ co-founder. ❝ Alongside taking on the default risk, SERV’s
https://www.serv-ch.com/en/services/success-stories/financing-thanks-to-working-capital-insurance/