Insurance
Insurance of Bank Service Guarantees

In international business, particularly in the export of equipment, performance of investment work, etc., it is an established practice for the buyer to require from the exporter adequate guarantees to cover risks on the exporter's side (i.e. a bid bond, a performance bond - for the good execution of work, an advanced payment bond, a warranty bond, a retention money bond). Guarantees, issued mostly by banks, are issued in content and form required by the beneficiaries and therefore efficiently protect them against commercial risks, and must be provided by the exporter. The exporter and exporter's bank face certain risks in connection to guarantees in international trade, which can be insured by SID Bank.

Insurance of exporter

The exporter can be insured against

  • unfair calling and calling of guarantees due to political and other non-commercial risks.

Insurance of guarantor

The exporter’s bank can be insured against

  • the calling of guarantees for any reason.

 

Call us at +386 1 200 75 00 or e-mail us at info@sid.si

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15. July 2024

SID Bank, the European Investment Fund, and the Croatian Development Bank HBOR have become cornerstone investors in the first technology innovation fund in Slovenia and Croatia.

24. April 2024

Publication of SID Bank's annual report for...

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