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Swiss bus manufacturer on the crossroads between tradition and innovation
decades. Success thanks to innovation Since then, HESS has developed into a medium-sized company that also owns a variety of subsidiaries and employs some 450 staff. HESS and its licensees produce up to 2 [...] first bus manufacturer to use aluminium instead of the generally employed steel of the time. HESS also launched the world’s first low-floor double-articulated trolleybus in 2003. In addition, HESS uses [...] superstructures and the requisite servicing. The technologies and construction kits developed by HESS are also sold to other bus manufacturers beyond the company’s own markets. The majority of HESS’ customers
https://www.serv-ch.com/en/services/success-stories/swiss-bus-manufacturer-on-the-crossroads-between-tradition-and-innovation/
financial statements when applying for one of our products that involves buyer risk. The buyer can also send the three annual financial statements directly to SERV. The following products cover buyer risk: [...] exporter risks When you apply for contract bond insurance or pre-shipment risk insurance , SERV may also ask you to provide the last two annual financial statements of the exporter.SERV will request the
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Product details letter of credit confirmation insurance
Product details 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 [...] the settlement of the insured claim. Special provisions Letter of credit confirmation insurance can also be taken out in connection with working capital insurance . Additional documents GTC Letter of Credit
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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Information_Weitergabe_geschuetzter_Informationen_an_Dritte_e.pdf
primarily of concern to a private individual or legal entity, the individual or legal entity concerned may also consent to its disclosure. In the case of information concerning an export or financing transaction [...] to perform their supervisory role and to coordinate policies in SERV’s scope of activity. This may also include protected information in specific cases. 3.2 Conclusion and processing of insurance and guarantee [...] coordinate its investigations, terms of cover, instructions, etc. with other credit insurers that are also involved in the export transaction or its financing; d. safeguard and enforce its claims against the
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Leitlinien_Umwelt_e.pdf
Officially Supported Export Credits and Environmental and Social Due Diligence” dated 25 March 2024, also referred to as Common Approaches (document available on the OECD website). Approach SERV decides on [...] that are outside the scope of the OECD Common Approaches. In certain circum- stances, projects may also be accompanied by a monitoring process (9). SERV is under obligation to publish certain relevant data [...] CHF 13.5 m), and – it relates to a new project or significant changes to existing installations. Also included in the scope of the OECD Common Approaches are deliveries to projects with a credit period
File
Leitlinien_Umwelt_e.pdf
Officially Supported Export Credits and Environmental and Social Due Diligence” dated 25 March 2024, also referred to as Common Approaches (document available on the OECD website). Approach SERV decides on [...] that are outside the scope of the OECD Common Approaches. In certain circum- stances, projects may also be accompanied by a monitoring process (9). SERV is under obligation to publish certain relevant data [...] CHF 13.5 m), and – it relates to a new project or significant changes to existing installations. Also included in the scope of the OECD Common Approaches are deliveries to projects with a credit period
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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Financing thanks to working capital insurance
fighting coronavirus. The crux of being awarded a loan Chinese developers of high-tech medical products also use Acqiris’ cards and have placed orders totalling millions with this SME. As part of these orders [...] pre-finance its production without needing to rely on an advance payment. Pre-shipment risk insurance also protects Acqiris from losses in the event that it needs to stop production through no fault of its
https://www.serv-ch.com/en/services/success-stories/financing-thanks-to-working-capital-insurance/
render its services. The production costs also include the costs of any supplies. The costs incurred when Ωcurrency hedging transactions are terminated can also be insured by means of an addi- tional a [...] of Swiss Export Risk Insurance SERV. It constitutes an introduction to export credit insurance and also serves as a point of reference. Security and liquidity for Swiss exporters If a Swiss company exports [...] incoming payments against political risks and the buyer’s insolvency or unwillingness to pay. SERV also helps exporters to main- tain their liquidity and improves their access to financing. No minimum size