Page
Product details supplier credit insurance
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 a foreign [...] 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 cover [...] 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 (including
https://www.serv-ch.com/en/services/for-swiss-exporters/supplier-credit-insurance/product-details-supplier-credit-insurance/
Page
International cooperation
projects together with other export credit agencies, especially within the context of its Pathfinding Initiative – find out more here. Export credit agencies (ECAs) Public export credit agencies (ECAs) such as [...] various levels. They aim to develop universal principles and conditions for officially supported export credits, in order to avoid distortions in competition and enable private-sector providers to participate
https://www.serv-ch.com/en/about-us/international-cooperation/
Page
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 [...] 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 the risk that [...] that no disbursements are made to the exporter 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
https://www.serv-ch.com/en/services/for-financial-institutions/buyer-credit-insurance/product-details-buyer-credit-insurance/
Page
Refinancing guarantee
loan agreement on a financial institution providing export credit. The refinancing guarantee allows the financial institution providing the export credit to obtain better refinancing terms. Refinancing guarantees [...] in combination with Buyer Credit Insurance or supplier credit insurance assigned to a bank. It thus covers the risk that the financial institution that provided the export credit may not repay the refinancing
https://www.serv-ch.com/en/services/for-financial-institutions/refinancing-guarantee/
(Austria) SACE (Italy) UKEF (Great Britain) Mixed credits Mixed credits are export credits based on international treaties. One tranche of this credit enjoys preferential government terms. The other tranche [...] supplied by the exporter. In the case of export financing with a credit period of two years or more, local costs can be covered up to a maximum of 50 per cent of the value of the export contract value (i [...] buying country that are directly associated with the exporter’s export transaction and are part of the receivables owed by the buyer to the exporter. For example, local costs are the costs of constructing
https://www.serv-ch.com/en/services/application/financing-options/
Page
Sustainability at SERV
for Officially Supported Export Credits and Environmental and Social Due Diligence The OECD Recommendation of the Council on Bribery and Officially Supported Export Credits The OECD Recommendation of [...] of the Council on Sustainable Lending Practices and Officially Supported Export Credits The IFC Performance Standards and the World Bank Safeguard Policies The IFC Environmental Health and Safety Guidelines [...] Download vCard Further information about environmental and social aspects OECD information about export credits OECD information about conditions for projects in the area of renewable energy, climate protection
https://www.serv-ch.com/en/sustainability/sustainability-at-serv/
Page
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/
Page
Requirements for acceptance of the insurance
For certain export goods it is necessary to comply with the provisions of the OECD Export Credit Arrangement. The export transaction involves goods and services that are of Swiss origin or contain an adequate [...] SERV business policy. In principle SERV insures exports to all countries. For reasons of subsidiarity , SERV only insures exports with short-term credit periods of less than 24 months going to the EU and [...] acceptance of the insurance The exporter has a registered office in Switzerland and is listed in the commercial register. There are no restrictions in relation to the sector, the export goods or the services. For
https://www.serv-ch.com/en/services/application/requirements-for-acceptance-of-the-insurance/
Recommendation of the Council on Sustainable Lending Practices and Officially Supported Export Credits , projects with credit periods of more than 12 months, as well as deliveries to public buyers, are additionally [...] are as an exporter, as well as how SERV checks projects in developing countries. For deliveries worth more than 10 million Swiss francs to low-income countries, the exporter must provide details of the project’s [...] 5546 E-Mail Download vCard Download vCard Additional Information OECD Sustainable Lending and Export Credits
https://www.serv-ch.com/en/sustainability/low-income-countries/
agreements, including the OECD Export Credit Arrangement and the Berne Union Guiding Principles. History of SERV On 1 January 2007, Swiss Export Risk Insurance SERV replaced Export Risk Guarantee (ERG), which [...] Alternative Vimeo text Accept Show More Minimise risks. Maximise exports. Swiss Export Risk Insurance SERV supports Swiss companies with their export transactions and makes it easier for them to access foreign [...] Today, SERV is a modern, internationally recognised export credit agency (ECA) that has already helped countless companies – both big and small – to export their goods and services. SERV has been pursuing
https://www.serv-ch.com/en/about-us/organisation/