Within the scope of our governance duties for the Siemens Group, we act exclusively as an internal service provider for Siemens AG as well as for all Siemens Group affiliates worldwide. In our letter of credit department, we not only provide electronic notification and comments about letter of credit clauses or payment conditions, but also offer professional advisory services on hedging economic and political risks.

We deliver tailored project- and country-specific drafts of letters of credit and, upon request, will conduct a preliminary check of documents that must be submitted under a letter of credit. For the processing and hedging of letters of credit, we negotiate first-class conditions with our financial partners on behalf of Siemens’ units. Our services are completed by the option to directly send letter of credit documents to the issuing bank and to directly conduct document collection. Cutting-edge system platforms such asTrade Finance and DocConnect are used in this work. 

Within the framework of the project business, our guarantee department advises the Siemens sectors regarding the risks that arise from the underlying guarantee and surety texts. Thanks to our far-reaching network of international finance partners, we are able to select the right guarantee-facility provider for Siemens AG and Siemens Group affiliates.

We offer top conditions and guarantee-facility terms as well as professional services with our financial partners. As pat of major infrastructure projects, our corporate guarantees and sureties are accepted by both customers and banks worldwide. Employees are supported by GREAT, an IT platform developed by SFS to facilitate the efficient processing and administration of guarantees and sureties.