Rs 946.11 Federal Act Of 20 March 2009 On The Interim Extension Of The Benefits Of The Swiss Insurance Against Export Risks

Original Language Title: RS 946.11 Loi fédérale du 20 mars 2009 sur l’extension provisoire des prestations de l’Assurance suisse contre les risques à l’exportation

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
[946.11] Federal Act on the temporary extension of benefits from the Swiss insurance against risks on March 20, 2009 (Status January 1, 2012) export the Federal Assembly of the Swiss Confederation, view the art. 100, al. 1, and 101, al. 1, of the Constitution, given the message of the federal Council of February 11, 2009, stop: art. 1 purpose this law aims to facilitate and support of export operations in difficult conditions.
To do this, temporarily extend insurance benefits of the Swiss insurance against risks to export (ASRE).

Art. 2 guarantees the ASRE can ensure: a. to the financial institution which issues a guarantee provided by the ASRE (bail or bond) it will reimburse, first demand and competition from the total amount, the amount paid as a result of the appeal of the bail; (b) the assignee of receivables on export credits provided by the ASRE that it will repay in full, at first request the unpaid amount in case the debtor would not due amounts carry out.

When the ASRE proceeded to a payment, the policyholder is required to reimburse him for the part not covered by the contracted insurance.

Art. 3 the manufacturing tax credit insurance when a financial institution grants credit to an exporter to finance production of goods and provision of services, the ASRE can provide the export credit risk to the extent where the goods are delivered or services provided under an export by the ASRE operation.
When the ASRE has compensated the financial institution, the exporter is required to reimburse in full the sums it has paid.

Art. 4 application of the Federal law on the Swiss insurance against risks to export for the rest, the Federal law of December 16, 2005, on the Swiss export risk insurance is applicable.

RS 946.10 art. 5 referendum and entry into force the present law is declared urgent in accordance with art. 165, al. 1, of the Constitution. It is subject to the referendum provided for in art. 141, al. 1, let. b, of the Constitution.
It comes into force on March 21, 2009 and has effect until December 31, 2011.
This Act is extended until December 31, 2015.

Introduced by chapter I of the Federal ACT on Sept. 30. 2011, in force since Jan. 1. 2012 (2012 509 RO; FF 2011 2175).

RO 2009 1175 101 FF 2009 879 State RS on January 1, 2012