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
Still in force

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