FEDERAL GOVERNMENT COUNTER GUARANTEE
An Euler Hermes product
Your guarantee line is spared so you can have your house bank issue additional contract guarantees.
You have to furnish your buyer with a down-payment guarantee, a tender guarantee, a contract completion guarantee or a performance guarantee granted you by your house bank. Your guarantee line is utilised. Euler Hermes takes over from the house bank a large part of the recourse risk through the Federal government counter guarantee. The maximum permissible guaranteed amount is EUR 80 million per exporter. The export guarantee is applied for directly by the exporter at Euler Hermes.
- Your guarantee line is spared, creating more scope for you to participate in a larger number of invitations to tender.
- No separate fee is charged by Euler Hermes for the export guarantee.
We shall be pleased to support you in your application to Euler Hermes.