Exporters know all about the risk of payment defaults. LBBW provides safeguards against this by means of letters of credit, buyer's credit and forfaiting.
Exporters are constantly being confronted by new, infuriating risks. Political turmoil including skyrocketing inflation, unexpected foreign exchange restrictions, protective tariffs, customers that are unable or unwilling to pay, not to mention natural disasters. All of these scenarios can result in payment defaults.