German Export Credit Guarantees
Competence Center for German Export Finance
Whether you are an importer or an exporter of German goods and services, or a financing bank, the Competence Center for German Export Finance is here to provide advice on the Export Credit Guarantee program of the Federal Government of Germany.
Supported by the Federal Ministry of Economic Affairs and Energy (BMWi) and established within the German-Emirati Joint Council for Industry and Commerce (AHK) since September 2019, the Competence Center works side-by-side with the Federal Government’s mandatary and Export Credit Agency (ECA), Euler Hermes Aktiengesellschaft, in providing advisory services. Additional Centers have been established in Nairobi and Singapore.
Close coordination of the Competence Centers’ support with the well-established advisory services by Euler Hermes in Germany seeks to insure an integrated and seamless facilitation of export business from Germany as well as in the importing country.
Our Center in Dubai has a regional mandate and services countries in the Middle East and North Africa region, as well as Pakistan.
- Advisory Services on Euler Hermes ECA instruments
- Consultation on Euler Hermes ECA covered finance schemes (Supplier Credit Covers, Buyer Credit Covers, etc.)
- Transactional support during the acquisition and structuring phase
- Step-by-step support during the application procedures
- Guidance on cover policies
- Calculation of the Euler Hermes premium
- Transactional support
- Further services subject to consultation
Federal Export Credit
The Federal Government’s export credit guarantees protect exporters and banks against the risks of unpaid claims in foreign transactions due to economic or political reasons. By providing export credit guarantees, which are available in a broad range of different product variants, the Federal Government takes on a large share of the risk of payment default. These credit guarantees are often what makes it possible for companies to carry out exports and to finance them. Companies receiving cover from credit guarantees pay a premium commensurate with the risk.