Unless otherwise defined, an export guarantee is a protection granted by the state against – politically induced – payment defaults to domestic companies that deliver goods abroad. In Germany, there are various forms of this guarantee, such as a blanket export guarantee, construction risk cover, manufacturing risk cover, finance credit cover, leasing cover, supplier credit cover and contract bond cover – to name the most important ones. State financing arrangements for exports have become a complex and nontransparent special field of financing. – See export premium, moral hazard, bridge financing.
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