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Germany extends export credit refinancing

10 March 2010

The German government has extended its export credit refinancing aid scheme for long-term export credit for a further six months.

Read more: [Germany export credit scheme] [German export credit aid]

The European Commission has allowed the German government to extend its export credit refinancing aid scheme for long-term export credit until 31 December 2010.

The scheme, originally approved by the commission in September 2009 to run...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010