Buyer credit
The buyer's credit , and financial credit or linked financial credit called, is a delivery-linked credit , which a buyer (importer) of a credit institution is granted to its obligation to pay its suppliers to settle (exporter).
This form of credit is mainly used in the export business . These delivery-related financial credits are then secured through the export guarantees of the federal government as part of an export credit insurance . The subject of this so-called finance credit cover is the finance credit granted to the importer by a German credit institute to pay for the imports, which also includes the credit costs incurred until full payment has been made. The cover is provided by export guarantees, which also include economic and political risks.