Cover facilities are available only for private buyers.
No cover available for transactions with public buyers.
Cover facilities are available for smaller transactions with private buyers on a case-by-case basis.
In addition, cover is available for project finance and other structured finance deals, where necessary based on countertrade transactions.
As a rule, bank security is required.
For short-term transactions the collateral requirement may be waived if the buyer is an affiliated company of the exporter 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.
For medium and long-term transactions security has to be provided if the buyer's creditworthiness is inadequate.
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).