Trade Credit

Buyers and sellers often use credit to facilitate trade, particularly in today’s global marketplace. But although credit keeps the business world turning, it is not without risk for sellers. If a trade counter party becomes insolvent or defaults on payment for other reasons, it can have a critical impact on the balance sheet of the supplier.
Which is why trade credit insurance is vital for building commercial confidence and security. Our trade credit division provides expert knowledge of commercial counter party and country risk across a wide range of countries and trade sectors. The team can provide global solutions as well as tailor policies for specific credit risks, markets and contingencies.
The key benefits for clients include balance sheet/cash flow protection; improved terms for bank financing facilities; an effective alternative to letters of credit or other types of collateral; reduced need for bad debt reserves; increased potential for sales growth to new and existing buyers because credit is based on a firm foundation; and risk transfer to satisfy capital adequacy requirements.
Policies are structured to provide certainty of cover and are underwritten with the aim of forming long-term partnerships with clients.
Our products
Commercial or commercial political risk trade credit policy
Contract replacement cover (energy industry only)
Time voyage/charter
Anticipatory credit
Captive reinsurance
Trade receivables securitisation
Vendor financing
Financial institution/factoring
Pre-credit/work in progress
Risks covered
Commercial perils
Political risk perils
Currency inconvertibility
Government action
Import/export license cancellation
Public buyer default