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.
SID Bank signed the agreement to finance set up and implementation of investment advisory services for various types of investments, so as to provide additional technical assistance to...
Following the upgrade of the Republic of Slovenia rating on 14 June 2019 the rating agency Standard & Poor`s has on 21 June 2019 raised the rating of SID banka, d.d., Ljubljana to...