Trade Credit Solutions Services Export Credit Insurance

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What is Export Credit Insurance?

Export credit insurance (ECI) protects an exporter of products and services against the risk of non-payment by a foreign buyer. In other words, ECI significantly reduces the payment risks associated with doing business internationally by giving the exporter conditional assurance that payment will be made if the foreign buyer is unable to pay.

What Export Credit Insurance covers?

ECI allows exporters to offer competitive open account terms to foreign buyers while minimizing the risk of non-payment.

- Even creditworthy buyers could default on payment due to circumstances beyond their control

- With reduced non-payment risk, exporters can increase export sales, establish market share in emerging and developing countries, and compete more vigorously in the global market

- When foreign accounts receivable are insured, lenders are more willing to increase the exporter’s borrowing capacity and offer more attractive financing terms

- ECI does not cover physical loss or damage to the goods shipped to the buyer, or any of the risks for which coverage is available through marine, fire, casualty or other forms of insurance

Export Credit Insurance solutions for entities

BUSINESS GROWTH

Export credit insurance allows you to increase market share, boost market penetration and expand into new markets without credit concerns as well as developing your current customer relations.

WORKING CAPITAL

Export credit insurance allows your business to access more funding as it protects your accounts receivable from bad debts and strenghtens your balance sheet.

BAD DEBT PROTECTION

Bad debts are considered as a loss. If a customer covered by the policy fails to pay you, you submit your claim and receive payment under the terms of your policy.