
Kyrgyzstan
Short-term Business
There are no formal restrictions on cover.
Medium/long-term Business
Cover facilities are available for private buyers.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.
Collateral
Wholeturnover and revolving cover will be granted subject to a rigorous assessment of the foreign buyer's creditworthiness; in case of doubt bank security has to be provided.
Cover of short-term business with private buyers, which was granted on the basis of sufficient information material without collateral, will automatically be suspended for future deliveries if payment is not received eight weeks after the agreed due date at the latest.
For cover of medium and long-term transactions without bank guarantees information material as well as annual accounts drawn up according to international accounting standards and audited by a recognized auditing company required, which justify the granting of cover without any further 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.
Further Information
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).

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