ANNOUNCEMENT 12 Oct 2011

In October 2011, the Swiss government announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Amendment (in German):
https://www.admin.ch/opc/de/official-compilation/2011/4601.pdf

Federal report on the Swiss Export Risk Insurance, 11.09.2013 (p.7, in German):
https://www.admin.ch/ch/d/gg/pc/documents/2355/SERVG-SERV-V_Erl.-Bericht-SERVG_de.pdf

Federal report on the amended decree on the Swiss Export Risk Insurance, June 2015 (p.6, in German):
http://www.news.admin.ch/NSBSubscriber/message/attachments/39862.pdf


Inception date: 01 Nov 2011 | Removal date: 30 Dec 2015

Trade finance

 On 12 October 2011, Switzerland amended its decree on Swiss Export Risk Insurance, temporarily raising the coverage ratio for working capital insurance from 80 to 95%. Furthemore, the coverage ratio for counter guarantees was increased from 95 to 100%.
The amendment came into force on 1 November 2011 and will apply until 31 December 2015.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A