TCF Basic Training - Part2

Which types of Bank Guarantees do you know?

• Indirect Bank Guarantee

• Foreign Bank Guarantee

• Warranty Bond

• On demand guarantee

For Parent Company Sureties issued by a company in Austria stamp duties will incur. How are we handling this?

• We are paying the stamp duties.

• Surety must be signed outside Austria.

• Documents mustn't come to Austria.

• We are not issuing parent company sureties from an Austrian company.

What are essential requirements of a Guarantee?

• Clearly defined amount without interests

• Assignment only together with the contract.

• Open expiry date

• Fixed expiry date

When do you need an approval for Bank Guarantee?

• Never

• If Beneficiary is NOT a party to the underlying contract.

• For indirect Bank Guarantees

• For major deviations from essential requirements or standard templates.

Which risk mitigation measures do you know for a consortium?

• We issue bonds to the customer without counter guarantees

• All payments made via us

• Consortium partner provides a bond to secure its performance risk.

• All payments made via consortium partner

Which are our preferred options when it comes to customer financing?

• Long payment terms

• Supplier's Credit

• Buyer's Credit

• We are not helping our clients with financing.

Never provide financing to the customer from our own

What are the important things for a buyer's credit with an ECA guarantee?

• Acceptable sourcing structure

• Environmental and social impacts

• Technical requirements

• Satisfactory creditworthiness of the Borrower

What is important if we offer a Supplier's credit?

• Accept all wishes from the customer.

• Deferred payment possibilities only if we can sell the receivables to a bank.

• Right to assign the receivables must be stipulated in the contract.

• All costs are borne by us.

Who can you always ask if you have questions concerning TCF-Topics?

• IT

• CoPilot

• Our CEO

• Bianca :)