History of the Federal Government’s Export Credit Guarantees
For more than 70 years, the Export Credit Guarantees of the Federal Republic of Germany have supported and assisted German Exporters and the banks that fund their business in their foreign activities. Over the past years and decades, the so-called Hermes Cover has become a central instrument of German foreign trade promotion. Whether during the Asian or the Russian crisis, the debt crisis in Latin America or the financial crisis the Export Credit Guarantees have always been a reliable partner of the German export industry. And they are still alive and kicking. Always geared to the needs and interests of German export industry, they flexibly adapt to the constantly changing political, economic and regulatory changes. At the same time, they remain loyal to their guiding principle: Protect Germany exporters and export finance institutions against bad debt losses for political and commercial reasons. Thus, they make an important contribution to growth, prosperity and employment in Germany.
70 years Export Credit Guarantees – this is 70 years of foreign trade promotion at its best.
Export transactions and financing operations covered under Export Credit Guarantees of the Federal Government
The projects presented here are representative for export transactions realised during the past 70 years. The focus is on the particular eligibility for support in connection with coverage of the export transactions and financing operations taking into account the following key issues:
OUTSTANDING FINANZING OPERATIONS
SMALL AND MEDIUM-SIZED EXPORTERS (SME)