Cover is available provided that the buyer is an affiliated company or a company which belongs to an international group the creditworthiness of which is beyond doubt and informative, up-to-date information material on the buyer is available which, subject to the application of strict criteria, justifies the granting of cover without collateral.
No cover facilities available for public buyers.
Smaller transactions with private buyers may be covered and, on a case-by-case basis, transactions with state-owned buyers provided that they are established as private sector organizations and operate without recourse to public funds.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.
If the foreign buyer’s creditworthiness is inadequate, bank security is required for medium and long-term transactions.
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 can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).