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
To the detail page
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
To the detail page
of public and private export credit insurance and investment insurance companies. The Berne Union advocates a worldwide convergence of conditions for export credits, export credit insurance and investment [...] Guidelines“ approved by the members contain specific provisions for permitted credit periods, especially for export credits with terms of up to 23 months, broken down by order value and goods/service type
To the detail page
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.
To the detail page
Glossar
Refinancing guarantee
from the risk of insolvency or payment refusal by the financial institution that granted the export credit.
To the detail page
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
To the detail page
Glossar
Working capital insurance
for a Swiss company’s export that can be insured by SERV. It protects the financial institution providing credit against insolvency or unwillingness to pay on the part of the exporter. Cover Ratio 80 percent
To the detail page
Glossar
Buyer credit insurance
Buyer credit insurance covers the financing of Swiss exports by domestic and foreign banks and financial institutions. The maximum cover ratio is 95 per cent.
To the detail page
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.
To the detail page
unwilling to pay. SERV insures the del credere risk of public- and private-sector buyers. Supplier Credit Insurance covers the risk that documents triggering payment are not prepared or included despite [...] Insurance and Counter Guarantees to protect financial institutions from payment defaults by Swiss exporters.
To the detail page