Trade Credit Insurance
Trade credit insurance covers the risk of non-payment of accounts receivable, delay in payment, default, insolvency or bankruptcy of buyer’s. Trade credit insurance usually covers a portfolio of buyers and pays an agreed percentage of an invoice receivable that remains unpaid as a result of protracted default, insolvency or bankruptcy. Policy holders must apply a credit limit on each of their buyers for the sales to that buyer to be insured. The premium rate reflects the average credit risk of the insured portfolio of buyers. Therefore, Trade credit insurance is one of the trade finance tool and risk management tool for the insured and raises the confidence in expanding business into new clients or new market.
If you need more information or consultations, please contact
||(66) 2 285 7566-71, (66) 2 285 7587-88
(66) 2 285 7564 (JAPANESE' S DESK)