Product overview for exporters

Supplier credit cover enables German exporters to insure trade receivables arising from a single export transaction (delivery of goods or rendering of services).

Protection against payment default arising from recurring export transactions – one buyer, one Country

• Short term: up to 12 months credit period, in exceptional cases up to 24 months

The Wholeturnover Policy (APG) is a cost-effective and easily manageable tool for German exporters repeatedly supplying goods and/or services to several buyers in different countries to insure short-term receivables (credit terms of up to 12 months). The policy period is one year and about two months before the expiry the exporter will receive a renewal offer.

Protection against payment default arising from repeated export transactions amounting to a coverable turnover of at least EUR 500,000 – several buyers, several countries

• Short term: up to 12 month credit period

The Wholeturnover Policy Light (APG-light) is a cost-effective and easily manageable tool for German exporters supplying goods to several buyers in different countries to insure short-term receivables (credit terms of up to 4 months). The policy period is one year and it will be automatically renewed if notice of termination is not given in due time.

Protection against payment default arising from overable turnover from repeated export transactions – several buyers, several countries

• Short term: up to 4 month credit period

With Leasing Cover, a German lessor (producer/exporter or leasing company) secures its leasing claim from a cross-border leasing transaction against a foreign lessee.

Protection against bad debt losses from individual export transactions

• Short-term: Up to 24 months payment term
• Medium/long-term: From 24 months payment term

With Export Credit Cover for Service Providers, a German exporter/contractor secures a claim arising from an export transaction involving the provision of services that are not related to the export of goods.

Protection against loss of receivables from individual export transactions

• Short-term: Up to 24 months payment term
• Medium/long-term: From 24 months payment term

Manufacturing Risk Cover enables German exporters to insure the production costs incurred in connection with an export transaction.

Protection against manufacturing risks from individual export transactions

Project financing refers to large-scale projects in which the operating costs and debt service for borrowed funds are generated from the project itself. The focus is on a legally and economically independent special purpose company (SPC), which acts as the debtor. It is therefore a form of financing based on the project's own income ("cash flow related lending") outside the investor's balance sheet ("off balance sheet financing").

To protect against bad debt losses on large-volume investment projects, the economically independent single-purpose companies (SPCs) can hedge manufacturing risks and non-payment risks in the same way as banks hedge the uncollectibility of loan receivables.

There are cover options for defence projects with Export Credit Guarantees for various military goods and recipient countries.

Protection against bad debt losses

• Short-term (up to 2 years)
• Medium/long-term (2 years and more)

Ship financing requires a customized hedging concept as the basis for competitive financing solutions for German shipyards and the supply industry. On the basis of flexible solutions within the framework of export credit guarantees, it is possible to provide cover for newbuildings (e.g. passenger ships, container ships or product tankers, RoRo ferries, etc.) as well as for the conversion of existing ships, for example.

Protection against bad debt losses, especially for long-term financing

- payment terms of up to 12 years