federal government will fast-track procedure for the middle class a
01/18/2011: The provision of export credit guarantees from the federal government, the so-called Hermes guarantees, is to finance small business exports accelerated in the future. The newly introduced fast-track procedure will facilitate in particular the financing of businesses in the SME export sector.
The Federal Minister of Economics and Technology, Rainer Brüderle: "We were looking for pragmatic and effective ways to facilitate access to export credit guarantees for small businesses further, the result is the fast track.: In just four days can now drop a decision. Especially the middle class to plan its export business, this will help, and faster. The financing for such transactions is particularly important for small and medium-sized enterprises of enormous importance. "
With the credit cover" express ", credit institutions, the fund simply structured export business with a contract value of up to five million euros through a buyer credit, in the future within four banking days expect the decision to hedge. The export financing must meet certain standards in this case. Thus, not may, for example, the repayment period of five years to be exceeded. Condition is also the conclusion of a framework agreement between the Company and the respective bank. This Agreement governs the use cases in addition to the individual process steps and duties of credit institutions.
with export credit guarantees from the Federal German companies can hedge their export transactions against a bad debt. Credit institutions to finance the German exports by an exposure to the foreign buyer may also receive state protection.
Brüderle Minister: "We fit the so-called Hermes guarantees continuously to the situation on the market, in particular to the needs of small businesses meet the new fast-joins. seamlessly in these measures catalog. "
The quick method is to January 17, 2011 parallel to the existing application possibilities introduced and is open to all banks to finance German exports, and so far have been able to use credit cover. (BMWi)
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