Policyholder is the exporter, who insures the receivables related to the agreed upon payment delay, which enable the buyer to pay for the supplied goods and/or services in a specified period after delivery. The exporter can transfer the rights arising from the insurance policy to a bank (assignment), therefore ensuring more favourable financing conditions.
Foreign Buyer/Bank Credit Insurance
The buyer repays the exporter in full of advances and from the credit approved to the buyer by the exporter's bank. The object of the insurance are receivables arising from the buyer’s credit, with the policyholder being the bank which grants it. Several variations are possible with this type of insurance, such as a credit line, the purchase of receivables, documentary credit, etc.
Purchase of Receivables Insurance
Post-financing of L/C Insurance
Designated Credit Insurance
Credit Line Insurance
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