Deckungsurkunde formal declaration of guarantee
| Creator: | |
| Language pair: | német - angol |
| Definition / notes: | Whilst the final commitment letters constitute the legally binding obligation for cover, it is the practice of Hermes to issue a formal declaration of guarantee evidencing the terms of cover and reflecting the structure of the project and its financing as outlined in the approval in principle. |
| URL: | http://www.nortonrosefulbright.com/knowledge/publications/79558/hermes-buyer-credit-guarantees-in-project-financing |
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