SID Bank - Insurance - Export credit insurance - Supplier Credit Insurance

Supplier Credit Insurance

Insurance of receivables exporter holds to foreign buyer according to export agreement is one of the basic credit insurance schemes. Exporter is the policyholder; the object of insurance can be receivables connected with the agreed upon payment delay (credit), which enables the buyer to pay the supplied goods and/or services in a specified period of time after delivery. Exporter can transfer the rights arising from the insurance policy to a bank (assignment), therefore ensuring more favourable financing conditions or in some cases, making financing possible at all.

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