Glossar
Arrangement on Officially Supported Export Credits / OECD Export Credit Group
standards for terms and conditions of payment, credit periods and premium calculations for officially supported export credits with terms of more than two years. The standards are constantly being updated [...] The Arrangement on Officially Supported Export Credits is an agreement among the OECD member countries seeking to foster a level playing field in global competition. The agreement contains minimum standards [...] updated by the OECD Arrangement Group. Members of the OECD Export Credit Group agree to principles or recommendations for combating corruption in international commerce, granting sustainable loans for countries
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Glossar
Starting point of credit (SPOC)
The starting point of credit determines the start of the loan repayment period. It is based on the date from which the buyer can derive an economic benefit from the export goods.
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Glossar
Export Credit Agency (ECA)
Organisation that grants, insures or guarantees export credits with an implicit or explicit government guarantee for the promotion of foreign trade. In addition to these traditional ECA products, many
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Product details letter of credit confirmation insurance
letter of credit confirmation insurance Details The insurance also covers the exporter’s payment claim under the letter of credit, against the financial institution opening the letter of credit and acquired [...] the letter of credit has silently confirmed the letter of credit in the exporter’s favour. SERV sets limits for the foreign financial institutions that most frequently open letters of credit. Therefore, [...] risks during the term of the letter of credit. Object of cover Letter of credit confirmation insurance covers the following claims arising from a letter of credit contract: fulfilment of the principal claims
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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Product details buyer credit insurance
details buyer credit insurance Object of cover Buyer credit insurance covers the following claims arising from an export credit contract (buyer credit): the claims to repayment agreed in the credit contract [...] instalment. Special provisions Buyer credit insurance can be combined with supplier credit insurance in the exporter’s favour. In this constellation, supplier credit insurance protects the exporter against [...] from the buyer credit (nondisbursement risk) after the despatch of the goods or the provision of the services due to the occurrence of an insured risk. Additional documents GTC Buyer Credit Insurance
https://www.serv-ch.com/en/services/for-financial-institutions/buyer-credit-insurance/product-details-buyer-credit-insurance/
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Letter of credit confirmation insurance
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 [...] credere risk 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 [...] the cover due to increased risk during the term of the letter of credit. Maximum cover ratio: 95% Product details Questions? Contact: Christian Hendriks Senior Vice President, Large Enterprises, SMEs &
https://www.serv-ch.com/en/services/for-financial-institutions/letter-of-credit-confirmation-insurance/
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Product details supplier credit insurance
regulations for publicly supported export credits of the OECD as well as with the Export Credit Guidelines of the Berne Union . Special provisions Cash or credit claims from several export transactions with [...] Product details supplier credit insurance Details Cover can also extend to the non-disbursement risk from a buyer credit with which the foreign buyer would like to settle the exporter’s claim. Object of [...] of cover Supplier credit insurance covers the following claims arising from an export contract: cash or credit claims for goods/services supplied claims for reimbursement of ancillary financing costs
https://www.serv-ch.com/en/services/for-swiss-exporters/supplier-credit-insurance/product-details-supplier-credit-insurance/
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Supplier credit insurance
Supplier credit insurance Supplier credit insurance protects Swiss export companies against default on a cash or credit receivable for goods or services that were provided to a customer abroad. Exporters
https://www.serv-ch.com/en/services/for-swiss-exporters/supplier-credit-insurance/
Glossar
Letter of credit confirmation insurance
Under letter of credit confirmation insurance, SERV insures letters of credit which serve to pay export receivables of Swiss exporters. The bank confirming the letter of credit is thus protected against [...] against default of the bank issuing the letter of credit. The maximum cover ratio is 95 per cent.
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Glossar
Supplier credit insurance
Swiss exporters use supplier credit insurance to insure the risk that the customer will fail to pay amounts owed for goods and services under an export contract. The maximum cover ratio is 95 per cent
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