You can choose freely between the following determined surety options as proof of guarantee:
- Suretyship for first request by a bank or credit insurer
- Guarantee for first request by a bank or credit insurer
- Deposit of money as surety (at a local court in Germany)
- Participation in a producer guarantee system
Surety options according to number 1 to 3 are so-called producer-individual guarantees. Hereby you as a producer/authorised representative yourself deal with obtaining proof of your insolvency safe guarantee. You can find help in the information, instructions and documents in this area.
You can also provide proof of the insolvency safe guarantee by participating in a producer guarantee system (so-called collective guarantee). Hereby the producer/authorised representative ‘purchases’ the guarantee from a guarantee service provider who is active on the market.