Its insurances ensure that the exporter is being paid for his deliveries, even if the foreign buyer is unable or unwilling to pay or if a political event occurs rendering the fulfilment of a contract impos-sible. SERV also covers the default risk of the exporter, thus allowing him to receive bank loans without affecting his liquidity.
Prevent non-payment and liquidity bottlenecks
May 09, 2016 08:52
Swiss Export Risk Insurance SERV insures export transactions of Swiss companies against non-payment and helps to avoid liquidity shortages.