| Product Name |
Investment Guarantees
Link to Product Website |
| Provider Name |
AGA (Foreign Trade and Investment Promotion Scheme) - Germany
|
| Product Definition |
Investment guarantees cover losses resulting from the following political risks: * Expropriation risk - nationalization, expropriation or sovereign acts which in their effects are equivalent to expropriation
* Breach of contract risk - the breach of legally binding commitments made by the government or other entities directed or controlled by the government, in as much as the project company is entitled to these commitments and these commitments are specified in the guarantee policy (for detail please refer to our leaflet on Breach of Contract)
* War risk - war or other armed conflicts, revolutions or civil disturbance or terrorist acts associated with such events
* Moratorium risk - payment embargoes or moratoriums
* Convertibility and transfer risk - impossibility of converting or transferring amounts deposited with a sound bank for their transfer to the Federal Republic of Germany The question whether one of these risks has occurred is evaluated in the event of loss by verifying the actual circumstances on the basis of the German principles of law and in consideration of international law. |
| Product Type |
Political Risk Insurance
|
| Defined Risks Covered |
Political Risks: Breach of Contract
Political Risks: Expropriation
Political Risks: Currency Transfer and Convertibility
Political Risks: War and Civil Disturbance
More on Risks Covered
|
| Eligible Form of Investments |
Bank Loans
Non-Bank Loans
Shareholder Loans
Equity
More on Eligible Investments |
| Eligible Currency of Underlying Investment Covered by this Product
| Both local and foreign currency
|
| Eligible Countries & Regions |
n.a.
|
| Eligible Applicants |
PRIVATE: Companies headquartered in Risk Mitigation Provider Home Country
PRIVATE: Minimum Product or Service Content Requirement from Risk Mitigation Provider Home Country
More on Eligible Applicants |
| Eligible Sector |
n.a. |
| Maximum Tenor |
15+ to 20 years
More on Maximum Tenor |
| Max. Absolute Amount (USD) |
0 to 50 MM
|
| Max. % of Project Costs Covered |
Max./under 25%
|
| Max. % of Export Content Covered |
Max./under 50%
|
| Fees |
Fixed
No handling fee is charged for investments of up to EUR 5 million. For amounts exceeding EUR 5 million a handling fee of 0.5‰ flat has to be paid, but the total fee for each application may not exceed EUR 10,000.After the issuance of the policy a premium of 0.5% is charged annually.
For more details please refer to the leaflet on Fees and Premiums.
More on Fees
|
| Other Conditions |
Sovereign Counterguarantee: No
Anti-Corruption and Governance Standards: No
Environmental standards: Yes link
Social standards (incl. Human Rights Standards; Labor Rights Standards): No
Others:
|
| Source(s) |
n.a. |
| For more information, contact |
PricewaterhouseCoopers
Email: investitionsgarantien@de.pwc.com
Phone: 49 (0) 40 88 34 - 94 51
|
| Attachments |
n.a.
|
| Additional Links |
n.a.
|
| Deals |
n.a. |
|
| Provider Name |
AGA (Foreign Trade and Investment Promotion Scheme) - Germany
|
| Institution Type |
PUBLIC: Multilateral Development Bank
|
| Ownership |
PwC and EulerHermes are mandated to manage the guarantee schemes |
| Head Office |
PricewaterhouseCoopers
Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft
New-York-Ring 13
22297 Hamburg
Postfach 60 27 20
22237 Hamburg |
| Provider Home Country |
Germany |
| Rating |
n.a. |
| Main Risk Mitigation Products |
Investment Guarantees (AGA/PwC)
Untied Loan Guarantees (AGA/PwC)
Export Credit Guarantees (AGA/EulerHermes) |
| Attachments |
n.a.
|
| Additional Links |
|
| Entered On: |
01/23/2008 at 12:07 PM |
| Updated On: |
06/04/2009 at 02:28 PM |
