How does the German guarantee system for credit insurers during the Covid-19 pandemic affect the German factoring market?

The aim of this thesis is to analyse the impact of the German guarantee system on the German factoring market. Due to the current COVID-19 pandemic, a rescue package for German credit insurers was created to stabilize the economy. Considering that the package was decided in times of crisis and is scheduled to end in June 2021, some questions arise regarding the impact. These questions are also being asked by the commissioning company - a medium-sized German factoring company. Against the background of these questions, the main components of this thesis arise. First, in the theoretical part, the principle of factoring is explained, as well as its characteristics. Then, credit insurers are discussed in more detail and the rescue systems of several countries, with a focus on Germany, are explained. In the following part, an interview was conducted. After the methodological knowledge, a content analysis according to Mayring is performed, followed by a discussion and a conclusion. The result of this work is that the effects of the bailout were largely positive since an economic collapse of the market could be prevented. Furthermore, it was analysed that the end of the system can also lead to problems that can be overcome by communication and preparation from the market and the commissioning company