Nicaragua

Cover facilities are available transactions with private buyers.

Cover facilities are available for smaller transactions with private buyers, in particular foreign exchange-generating projects.

As a rule, bank security is required. This requirement may be waived if the buyer is an affiliated company or if the buyer belongs to an international group the creditworthiness of which is beyond doubt or if sufficient information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover without collateral.

The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.

Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties and international projects and tenders can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).