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Export Credit Financing with a German Export CreDit Guarantee Thomas Baum Underwriting & Risk Management, Head of Division.

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Presentation on theme: "Export Credit Financing with a German Export CreDit Guarantee Thomas Baum Underwriting & Risk Management, Head of Division."— Presentation transcript:

1 Export Credit Financing with a German Export CreDit Guarantee Thomas Baum
Underwriting & Risk Management, Head of Division

2 Who we are In Figures Active on behalf of the Federal Government since 1949, combining the expertise of 400 employees. Current portfolio EUR 88 bn is fully underwritten by the Federal Republic of Germany with AAA Rating. Overall volume of cover EUR 20,7 bn (2016). Short-term EUR 11,4 bn, thereof EUR 4,7 bn in MENA region. Long-term EUR 9,2 bn, thereof EUR 3,3 bn in MENA region. Doing business with 1600 exporters and banks. Serial winner of “Best ECA” awards, both globally and regionally.

3 Who we are partner of German Suppliers
German suppliers offer a diverse range of goods and services – we support (almost) all industries, sectors and/or structures. International Trade Transportation/Logistics Engineering Social Development Capital/Heavy Equipment Renewables

4 How we can help you to effectively finance your imports
Guarantee Goods Finance We offer third-party credit support to German exporters and their banks by virtue of comprehensive insurances and/or guarantees. We enable banks to benefit from the AAA-credit rating of the federal republic of Germany, limiting banks’ capital requirements and thus freeing up lines to YOU. We enable but also require (at least partial) German sourcing as a core pre- requisite to access our product suit.

5 Financing for Buyers Buyer Credit in the Hermes Cover Framework
Manufacturing Risk Cover Buyer Credit Cover Covers for Exporters Covers for Banks Insurance of production costs in event of buyer insolvency or contract termination Cover in the event of borrowers default on loans extended to finance procurement of goods; revolving buyer credit cover and framework credit cover Supplier Credit Cover Whole turnover policy (light), revolving cover and single transaction cover, insurance of costs of buyer default and insolvency Buyer Credit Bank Guarantee Cover Cover for Specific Risks Cover in the event the exporter fails to indemnify the bank on bid bonds, counter guarantees, securitization guarantees Loan facility to buyer / borrower covered by Hermes, typically large value contracts for capital goods and services, cross-border deliveries to corporate or public buyers Cover for service providers, leasing cover or cover for constructional work LC Cover Supplementary Cover Insurance against confiscation risk Cover in the event of loss from LC confirmation

6 In Short Euler Hermes is Germany‘s official export credit agency. We enable the procurement of products and services from Germany international customers – YOU. We offer strong credit support to German exporters and their banks, indirectly allowing - YOU - to benefit from Germany’s top AAA-credit rating. We ask for (at least partial) sourcing of German goods and services as a core pre-requisite.

7 Contact us for further information on buyer credits
Thomas Baum Underwriting and Risk Management, Head of Division Euler Hermes Aktiengesellschaft Telephone Mobile Further information are provided under: Hotline: +49 (0) 40/ All rights reserved. Any reproduction or distribution in any medium as a whole or in part requires the written consent of Euler Hermes Aktiengesellschaft. Copyright © Euler Hermes Aktiengesellschaft


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