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How SERV can help Swiss exporters
payment, performance or warranty bond for your delivery? Are you interested in protection against losses in the event that the buyer calls the bond, be it a fair or an unfair calling? Learn more Counter [...] either to provide services, to store or to exhibit the items? Are you interested in protection against loss through confiscation or similar measures by foreign states? Learn more Multi-buyer insurance for [...] payment, performance or warranty bond for your delivery? Are you interested in protection against losses in the event that the buyer calls the bond, be it a fair or an unfair calling? Learn more Counter
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policies in euros or other convertible currencies for supply contracts in a foreign currency. If a loss occurs, the indemnification is paid out in the foreign currency. Insurance premiums may be paid in [...] sub-contracted work can be reinsured by the third country’s ECA vis-à-vis the primary insurer. If a loss occurs, the primary insurer can file a claim with the reinsurer. SERV or the foreign ECAs decide whether
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SERV defines loading as its earned premium minus the average expected annual loss. Loading is required to calculate economic viability.
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Value at risk indicates the potential maximum annual loss of the overall portfolio at a given probability and an assumed recovery rate within a given time horizon.
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The confidence factor estimates the probability that the effective loss will be less than or equal to the value at risk. SERV calculates with a confidence factor of 99.9 percent.
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Glossar
Confiscation risk insurance
SERV insures goods which have been exported for storage, exhibition or testing against confiscation, loss of power of disposal and destruction or damage. The maximum cover ratio is 95 per cent.
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refusing to accept it? This can make things difficult for you. To ensure it doesn’t get to that point, losses should be avoided or minimised. Learn more Cover policy for countries and banks In cover policy you
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circumstances become necessary to avoid a loss. Art. 17 Indemnification 1 If a defaulted debt or a loss is reported, SERV will pay the portion of the proven loss or arrears as set out in the insurance.7 [...] deliveries and services to another country (export transactions) against payment arrears or other losses from claims against sovereign or private debtors. 2 In an ordinance, the Federal Council determines [...] moratoriums; c) force majeure; d) the payment risk, if the policyholder also insures the risks of loss pursuant to letters a to c with SERV; e) 5counter guarantee risks; f) foreign currency risks in insured
transfer of claims and rights, the Losses and claims 7 LOSSES AND CLAIMS SERV COMPACT 34 policy holder remains obliged to launch recourse proceedings, realisation and loss mitiga- tion measures. Special [...] ser_upload/files/Praemien/SERV_Praemienreglement_2023_e.pdf SERV COMPACT 32 Losses and claims7 33 SERV COMPACT Imminent loss If a debtor violates fundamental obligations or if circumstances lead to a higher [...] ion, undertaking and anti-corruption. Handling of losses The policyholder must take a variety of necessary and appropriate measures to mitigate a loss. These include capitalisation of securities (guarantees
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Product details buyer credit insurance
early repayment of a loan) Claims for damages, contract penalties, compound interest and currency losses are excluded from the insurance. Insurable risks Political risk Commercial risk Transfer risk Force
https://www.serv-ch.com/en/services/for-financial-institutions/buyer-credit-insurance/product-details-buyer-credit-insurance/