Schuldschein and Supplier credit: Difference between pages

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A loan instrument usually governed by German law.
An unconditional guarantee from the Export Credits Guarantee Department (ECGD) to a UK bank which enables that bank to finance an exporter's medium term credit to an export customer without recourse.


Schuldschein is sometimes translated as 'certificate of indebtedness'.
== See also ==
* [[Buyer credit]]
* [[Export Credits Guarantee Department]]
* [[Without recourse]]


Schuldscheine are bilateral loans, privately placed, unlisted and unregistered. 
They are not securities as the debt is lgally 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).

Revision as of 14:20, 23 October 2012

An unconditional guarantee from the Export Credits Guarantee Department (ECGD) to a UK bank which enables that bank to finance an exporter's medium term credit to an export customer without recourse.

See also