Overview of the tools for calculating premium and fees
"How much does it cost?" is one of the most pressing questions asked by foreign customers of export companies.
The Premium Calculator, provides an initial indication* – with just four inputs and in less than a minute!
Quick and easy to get a first cost estimate. Exporters and banks have highlighted the following advantages when using it:
The tool is very simple, intuitive and quick to use.
All-in costs to compare financing alternatives
Even if the fees and premiums are paid in advance and nothing changes in the system, the possible percentage rate is displayed on an annual basis. Thus, for the first time, it is possible to compare the total costs with other financing alternatives at the push of a button.
Adapted to exporters' foreign customers
The Premium Calculator is also designed for foreign customers and is available to all users in English.
An initial repayment schedule is displayed, indicating the required structuring.
Start the Premium Calculator
The Premium Calculator was designed for foreign importers, but also offers German exporters an initial indication.
The tool is currently only available in English.
What does Hermes Cover cost?
The costs of cover for your export transaction comprise fees and premiums. The fees are charged for the costs associated with the processing of an application. As matter of principle, premiums are risk-based and account for the major part of the costs. When the premium is calculated, the horizon of risk, the country and the buyer risk but also your share in the risk (uninsured percentage) and any collateral that may exist are taken into account. Consequently, lower risks result in lower costs than high risks.
Premium Calculation Tool
An example for the calculation
On the left, an example (DE) of the calculation of a medium-term export transaction to Indonesia with an order value of 1 million euros and a medium credit rating of the buyer, to be financed over 3 years.
If you need further assistance with the calculation, please contact us.