Trade Credit
About Trade Credit
With this product you can trade with confidence and explore new markets or products, knowing that your business is protected against credit risk such as insolvency of your customers.
Our Trade Credit Insurance helps to protect you from financial losses that may be caused by the failure of a customer to pay, as a result of insolvency, political risk, or their refusal or inability to pay under the stipulated terms of a contract.
It increased access to finance, as we can provide your bank with the additional assurances that they need when extending financing to you. As well, help your business to gain a competitive edge in your market by identifying opportunities and risks and a reduction in your bad debt provision which, in turn a healthier balance sheet.
Key Trade Credit Insurance policies compensate a seller of goods or services if their buyer fails to pay, either through insolvency or protracted default.
Policies are designed on a sales turnover basis. Cover options include:
❖ Whole-turnover
❖ Selective accounts
❖ Domestic / export
❖ Political risk
How does trade credit insurance works?
1. Customers Health Check
We analyse the credit worthiness and financial stability of your customers.
2. Credit Limited Calculated
Each customer has a limit which is the maximum amount we will indemnify if that customer fails to pay.
3. Business Building
You check the credit worthiness of potential new customers. We confirm agreement or explain if your request is declined.
4. Business as usual
You trade with your existing customers as you wish, with the risk covered up to the limit.
Empowering Global Trade
1. Exporting Risk Management
We provides you with relevant market and economic information and trade credit insurance solutions so you can focus on your company business and operations with peace of mind.Our team of experts bring together our local expertise and global reach for companies and financial institutions. We work with you to help you make fast, informed risk decisions that meet globally coordinated compliance standards and optimise your international trade risk management, removing trade barriers.
We provides you with relevant market and economic information and trade credit insurance solutions so you can focus on your company business and operations with peace of mind.Our team of experts bring together our local expertise and global reach for companies and financial institutions. We work with you to help you make fast, informed risk decisions that meet globally coordinated compliance standards and optimise your international trade risk management, removing trade barriers.
2. International B2B Debt Recovery Service
Our experienced debt collections team, are located throughout the world to support your collection of outstanding invoices in any country, time zone, currency and language.As an our Credit Insurance customer, you’re automatically able to access and benefit from our debt collections service. This is a feature of all our Credit Insurance policies and will not incur any additional cost for you. We also offer a standalone Collections service to organisations and business that are not Credit Insurance customer.
3. International Customer Credit Check
We analyse the credit worthiness and financial stability of your customers.
We analyse the credit worthiness and financial stability of your customers.
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