Hermes cover is a common way of referring to an export credit guarantee (ECG) by the German Federal Government. It is also referred to as a Hermesdeckung in German.
These guarantees are an important part of German foreign trade policy and protect German companies in the event of non-payment by foreign debtors.
Read more about Hermes Cover: Type and Volume of Export Promotion in The Form of Hermes Cover, Management of The Scheme, Cost, Economic Importance, Types of Risk, Criticism, Environmental Aspects
Famous quotes containing the words hermes and/or cover:
“Antiquity breached mortality with myths.
Narcissus is vocabulary. Hermes decorates
A cornice on the Third National Bank.”
—Allen Tate (1899–1979)
“I wouldn’t pray just for a old man that’s dead because he’s all right. If I was to pray, I’d pray for the folks that’s alive and don’t know which way to turn. Grampa here, he ain’t got no more trouble like that. He’s got his job all cut out for him. So cover him up and let him get to it.”
—Nunnally Johnson (1897–1977)