SERV defines del credere risk (also called commercial risk) as the risk that the buyer or guarantor will be unable or unwilling to pay. SERV insures the del credere risk of public- and private-sector buyers [...] documents triggering payment are not prepared or included despite being required by the contract. SERV also provides Working Capital Insurance and Counter Guarantees to protect financial institutions from payment
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Glossar
Pathfinding Strategy
exporters are strong. In collaboration with other funding vehicles and industry associations, SERV also puts Swiss SMEs in touch with general contractors through its network. Swiss companies thereby have [...] 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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Glossar
Export Credit Agency (ECA)
promotion of foreign trade. In addition to these traditional ECA products, many of these organisations also offer further finance, insurance and guarantee products for the promotion of foreign trade.
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currency, but the central bank will not release the currency required. Along with transfer risk, SERV also covers the risk that an official or legal prohibition on payments may prevent a foreign buyer from
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Glossar
Debt rescheduling / Debt rescheduling agreement
to restructure the external debt of the rescheduling country. Extremely poor debtor countries can also obtain debt reduction agreements such as interest rate reductions or debt cancellation.
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