Country Risk Category

Short-term Business / APG Cover Policy

There are no formal restrictions on cover.

Medium/long-term Business

There are no formal restrictions on cover.


For short-term transactions with private buyers bank security is required if the buyer's creditworthiness is inadequate.
This requirement may be waived if

  • the buyer is an affiliated company of the exporter or
  • the buyer belongs to an international group the creditworthiness of which is beyond doubt or
  • informative information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover without collateral.

For medium/long-term transactions with private buyers the requirement to provide state or bank guarantees may be waived if audited annual accounts drawn up according to international accounting standards justify the granting of cover without collateral.
Banks continue to be accepted as guarantor or borrower on a case-by-case basis; some banks have been generally accepted on the strength of their good credit standing. 

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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