Hermes

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Hermes

The trade finance agency for Germany.

Hermes

An export credit guarantee issued by the German state. Hermes covers guarantee payment on certain exports in case the importer defaults. They are used to cover between 2% and 3% of German exports. This allows the exporters to charge lower prices for their products because of the reduced risk. As with all export credit, Hermes is controversial; critics allege that it negatively impacts international development, as developing countries cannot compete with such insured exports. Proponents argue that they enable developing countries to import products they otherwise would not be able to afford.
References in periodicals archive ?
In November, we closed the acquisition of Cyllenius Capital Management, which largely completes the build-out of our fundamental emerging cap growth team in Boston.
In addition, we announced the acquisition of Cyllenius Capital Management, which largely completes the build-out of our fundamental emerging cap growth team and adds an all-cap growth equity hedge fund to our product offerings.
NYSE: BLK) announced today that it has entered into a definitive agreement to acquire Cyllenius Capital Management, an all-cap growth equity hedge fund manager based in Boston.