Support which knows no frontiers: Bonds abroad
You can count on our long experience in foreign bonding too. Euler Hermes stands at your side as an internationally experienced guarantor all over the world.
Besides our offices in Germany, bonding is also done by our branch in Switzerland. Bonds for Swedish, Danish, Finnish and Norwegian clients are dealt with independently by Euler Hermes Kreditforsäkring. In the UK, this is done by Euler Hermes Guarantee in London, Manchester or Tonbridge, and in the Netherlands by Euler Hermes Interborg in Amsterdam. Bonding business in France is taken care of by Euler Hermes SFAC.
If you supply goods or provide services in other countries, Euler Hermes can provide bonds and guarantees in favour of your foreign clients, taking account of the different ways of doing business in every country. Foreign transactions frequently require demand guarantees, payable on demand, with hardly any possibility of pleading nonperformance of the underlying contract first. Euler Hermes helps its clients to obtain better conditions in discharging their liabilities. It goes without saying that Euler Hermes is also at your disposal when you need customs bonds or bonds for EU agricultural procedures abroad.
A global network of correspondents
Public sector customers outside Europe often demand surety from a guarantor in their own country. In this case you can count on us: where necessary we make use of our international network of correspondent firms – Euler Hermes or Allianz affiliates as well as other local insurance companies and banks – who act as fronting companies in the country concerned. They provide the surety you or your subsidiaries need locally, on our behalf and backed by our guarantee.
- Western Europe: bonds or conditional guarantees
- Eastern Europe/ Arab countries: abstract demand guarantees
- Africa: demand guarantees, surety bonds, cautionnements under French law
- South-East Asia: surety bonds and demand guarantees
- China: demand guarantees
- Latin America: fianzas
- USA and Canada: accessory contract bonds assumed by specialized surety companies; Euler Hermes can get these surety bonds for you on very favourable conditions.
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