Political risk and Schuldschein: Difference between pages

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The risk of adverse consequences arising from the actions of governments or of governmental agencies.
A loan instrument usually governed by German law.


Schuldschein is sometimes translated as 'certificate of indebtedness'.


The term may also extend to the consequences of the failure of government, or of a regime change.


This wider concept is sometimes known as '[[geopolitical risk]]'.
Schuldscheine are bilateral loans, privately placed, unlisted and unregistered. 
They are not securities as the debt is constituted by the underlying loan agreement, rather than by the certificate of indebtedness itself.




Historically the largest category of schuldschein issuers has been German public authorities, but the market is also tapped by corporate borrowers and financial institutions.


== See also ==
* [[Country risk]]
* [[Redenomination risk]]
* [[Event risk]]
* [[Geopolitical risk]]


[[Category:Financial_risk_management]]
Also known as Schuldscheindarlehen (SSD).

Revision as of 13:38, 25 March 2013

A loan instrument usually governed by German law.

Schuldschein is sometimes translated as 'certificate of indebtedness'.


Schuldscheine are bilateral loans, privately placed, unlisted and unregistered. They are not securities as the debt is constituted by the underlying loan agreement, rather than by the certificate of indebtedness itself.


Historically the largest category of schuldschein issuers has been German public authorities, but the market is also tapped by corporate borrowers and financial institutions.


Also known as Schuldscheindarlehen (SSD).

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