Accords de principe et polices d’assurance pour une valeur du contrat supérieur à CHF 10 millions
To ensure transparency, SERV publishes details of large projects or transactions with a contract value of more than 10 million Swiss francs on a quarterly basis. The exporters are consulted before publication. If the exporter does not wish the transaction to be published in their name (e.g. for competition reasons), SERV requires the exporter to justify their decision. If SERV does not receive the exporter's permission, the project or transaction will be published in anonymised form.
The transparency list contains important details of the projects/transactions concerned, including the type of commitment, the approval date, the insurance product, the country/final destination, the project title, the sector, the export goods, the contract value, the credit term, the exporter, and the category. The individual details are described in the glossary below.
Glossary
| Type of Commitment: | SERV differentiates between Insurance Commitments in Principle (ICP) and Insurance Policies (IP). Not all ICPs will be converted into IPs. |
| Approval Date: | Date of approval by SERV’s decision-making bodies. |
| Insurance Product: | SERV offers a range of insurance products (see footnote 2). If multiple insurance products are used in a project/transaction, the product with the highest exposure is listed. |
| Country/Final Destination: | Country in which the export goods are used/installed, or in which the services are provided. |
| Project Title: | Title of the project/transaction. |
| Sector: | Sector in which the export goods are used. |
| Export Goods: | The exporter's delivery goods or services associated with the project/transaction. |
| Contract Value (CHF m): | Contract value is a term from the export contract and refers to the value (in CHF or in foreign currency) of the total delivery or total service to which the Swiss exporter is contractually obliged. The contract value may not be equal to SERV’s exposure or the SERV-covered value of a project/transaction. |
| Credit Term: | Duration of the credit period. The projects/transactions are divided into short-term (< 24 months) and medium/long-term (≥ 24 months). |
| Exporter: | Company name of the Swiss exporter. Not all cases involve direct exports but may also involve third parties. The name of the exporter will only be published after the IP has been issued. |
| Category: | Classification according to the OECD Common Approaches. For more information on SERV’s environmental, social and human rights assessment practices, please consult SERV’s Guidelines for Reviewing Environmental, Social and Human Rights Issues. |
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1 The exporter declined to give us permission to publish information, usually because of competition but also because of security reasons and confidentiality agreements signed.
2 S = supplier credit insurance, B = buyer credit insurance, P = pre-shipment risk insurance, CB = contract bond insurance, C = confiscation risk insurance, WC = working capital insurance, CG = counter guarantee, RG = refinancing guarantee, LC = letter of credit confirmation insurance, RI = reinsurance
3 The contract value may not be equal to SERV’s exposure.
4 ST = short-term (< 24 months), MLT = medium/long-term (≥ 24 months)