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Surety texts:

  • Routine texts
  • Special texts by agreement with bond insurer
    (e.g. text in accordance with German Employee Assignment Act)

Risk exclusions:

  • No financial sureties (e.g. for loans)
  • Andno private sureties
  • Audit documents:
  • Depending on preliminary information – which by itself may suffice.

Audit documents:

  • Depending on preliminary information – which by itself may suffice.
  • Guarantee credits without balance sheet audit possible.
  • Audit documents:

o    Annual statements for the last two years

o    Current BAS

o    Current bank and guarantee movement schedule

o    Current level of orders received

o    Budget figures

Collateral/kinds:

  • Blank credit
  • Depending on client’s credit rating and surety risk
  • Assignment of bank accounts, bank guarantee, deposits, LV, pension fund

Exchange of bank guarantees possible!

 

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