Country Risk Category

Short-term Business / APG Cover Policy

There are no formal restrictions on cover.

Under wholeturnover policies cover for future deliveries will be automatically suspended if payment is not received eight weeks after the agreed due date at the latest.

Medium/long-term Business

Private sector
There are no formal restrictions on cover.


Public sector
There is no cover available.

Cover possibilities are available for project finance and other structured finance deals, where necessary based of countertrade transactions.


Collateral from a bank is generally required to cover short-term transactions. 

As a rule, bank security must be provided. 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.


Transactions with credit periods of more than 360 days
Bank securities are generally required to cover medium-term transactions.  The requirement to provide bank securities may be waived if audited annual accounts drawn up according to international accounting standards justify the granting of cover without collateral.

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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