ANNOUNCEMENT 12 Oct 2011In October 2011, the Swiss government announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Amendment (in German):
Federal report on the Swiss Export Risk Insurance, 11.09.2013 (p.7, in German):
Federal report on the amended decree on the Swiss Export Risk Insurance, June 2015 (p.6, in German):
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.