26/01/2022 10:09
Topic:
Kazakhstan
Sonja Wittkowski
|
Dear Peter,
We too are concerned about the events in Kazakhstan, are following the developments closely and are also trying to get a picture of the situation via German representatives abroad.
Our clients have not reported any significant payment delays so far and we are therefore sticking to our current cover policy https://www.agaportal.de/en/laenderinfo/land/kasachstan for the time being.
Kind regards
Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division
Peter Toft wrote:
Dear colleagues,
With the ongoing troubles in Kazakhstan would you kindly share if you are experiencing any difficulties in payments from the country in addition to your current cover policies or if possible, considerations on limiting cover.
EKF is currently considering tightening our cover policy on private buyers to "tight resetrictions" from "modest restrictions" i.e. a min. requirement to only acccept CC1-rates buyers on LT transactions. This in view of the country risk having likely taken a turn for the worse in the medium-long-term.
Our current cover policy:
Sovereign buyers: Open for cover
Sub-sovereign buyers: cbc
Banks: Only the strongest banks on LT acceptable
Private buyers: Min. CC2 on LT, robustness to currency mis-match on MT
LT commitments: EUR 100 m
ST commitments: none
Kind regards
EKF |
28/10/2022 04:59
Topic:
Pakistan
Sonja Wittkowski
|
Dear Luca,
In general we are open for cover in Pakistan on a case-by-case basis. As for public sector projects we will, of course, take into account that Pakistan has participated in the DSSI program of the G 20 (Debt Service Suspension Initiative) and will, therefore, need a confirmation that the project in question is in line with the requirements under the DSSI program. We have not received any applications for the public sector in Pakistan in the recent past and have, therefore, no current experience.
Kind regards
Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division
Luka Herceg wrote:
Dear colleagues,
We are currently assessing one export contract relating to Pakistan buyer under the insurance of buyer credit. Are you open for cover and do you have experience in providing cover for Pakistan buyers, namely their national electricity provider, alongside state guarantee (guarantee from Pakistani ministry)? If so, are your experiences positive overall?
Thank you in advance,
Best regards,
Luka Herceg (HBOR) |
08/12/2022 11:33
Topic:
FX exchange restriction in Mongolia
Sonja Wittkowski
|
Dear colleagues,
Thank you for your inquiry. Up until now we have not received any information on FX restrictions in Mongolia. We would appreciate to get the answers or your conclusion on this matter as well.
Kind regards
Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division |
17/01/2024 01:01
Topic:
Enquiry on the ISRAEL and West Bank and Gaza (PALESTINIAN TERRITORY) Cover Policy under Short-Term Export Credit Insurance
Sonja Wittkowski
|
Dear colleagues,
We have suspended cover for Gaza and the West Bank with the exception of transactions with humanitarian goods with credit periods of up to 360 days on a case-by-case basis.
Kind regards
Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division |
31/03/2025 12:27
Topic:
Inquiry about your action for the current situation in Yemen
Sonja Wittkowski
|
Dear Colleagues,
Thank you for your inquiry regarding export credit insurance in Yemen.
Under current circumstances we would be highly reluctant to new grant cover. We are closely monitoring the situation.
However, we still cover a small number of regular deliveries under long existing contracts and with short repayment terms.
Kind regards
Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division |
08/05/2025 09:14
Topic:
Cover policy for Russia
Sonja Wittkowski
|
Dear colleagues,
As to Russia, cover facilities are not available.
Kind regards
Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division |