It has also been providing trade credit insurance against insolvency on a whole turnover or multi-buyer basis involving business within its African membership.
In terms of insurance products, we have medium term credit insurance, which is simply payment insurance for a term longer than two years.
Over the coming weeks and months, it will be interesting to see if market confidence wanes regarding the mountains of credit derivatives and credit insurance.
This is why credit insurance is so prevalent within distribution.
But, given the reasons for employing credit insurance such action will require serious justification, confidence and trust.
On the international level, numerous proposals for new institutions, such as an international bankruptcy court or a global credit insurance agency, have been offered.
Before you finalize your paperwork, the dealership will offer you extended warranty plans and credit insurance to further protect your new investment.
This alchemy is dependent upon a daisy-chain of explicit and implicit guarantees, credit insurance, liquidity agreements, and the expansive derivatives marketplace.
Here in Australia, a lot of businesses tend to see credit insurance as a choice of self-insurance, and a cost.
So, for these two credit insurers, over $1 trillion of credit insurance has been written, supported by a capital base of $7 billion.
But it turns out credit insurance wasn't required.
Instead of physical collateral, banks should develop a loan guarantee system and credit insurance.
As auctioneers, we are guaranteeing to pay within seven days of collection and have credit insurance on all our customers.
I have been told to look into credit insurance as a means to protect myself against potential trading risks.
There does not appear to be any evidence of a change in credit insurance policy.
Here, the practice of adding credit insurance or other ‘extras’ increases the lender's profit on a loan.
Can my colleagues guess how many export credit insurance contracts this office has signed up in 3 years?
This is consistent with a surge in credit insurance.
For the next year, we certainly expect that the entire logic of derivatives and credit insurance will come to be questioned.
In general, most lenders will recommend that buyers take out credit insurance.