Country Risk Category

Short-term Business

There are no formal restrictions on cover.

Medium/long-term Business

There are no formal restrictions on cover.


Collateral is not normally required for short-term transactions.

For medium and long-term transactions with private buyers bank security is always required. This requirement may only be waived if audited annual accounts drawn up according to international accounting standards justify the granting of cover without collateral.

For transactions with public buyers bank security or a state guarantee is required. For public buyers which are established as private sector organizations the same collateral requirements as for private buyers apply.

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.

Further Information

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).

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