According to the Electrical and Electronic Equipment Act, the affected manufacturers must assure the long-term disposal of their old equipment; even when the manufacturer is no-longer represented on the market. That is why proof of a guarantee is required for registration with the EAR.
The Electrical and Electronic Equipment Act names various guarantee solutions (Bank guarantee, insurance or collective assurance systems).
- A bank guarantee ties up capital long term and therefore lowers the Basel II rating.
- Recycling insurance is offered by insurance companies
- In collective assurance systems (guarantee model), manufactures club together to minimise the risk of missed collections, thereby also minimising costs
Ask us – we will recommend the best system for you.
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