The Self Underwriting Contract, also known as SUP, is a product geared more towards a larger company seeking risk transfer well above historical losses. Inherently, these companies have the ability and the confidence that they can entirely manage their own debtor risk.
Coface will perform a due diligence on the risk management practices of the company and establish a larger own retention on the contract. The Client will then be able to approve their own limits under the contract, up to the contract maximums and there are minimal reporting requirements under the contract.Benefits: A company becomes self sufficient and can set their own credit limits as per their own Credit Management Procedures without referral to Coface.
A company can protect their balance sheet against financial losses which have been accumulating or any unforeseeable financial loss resulting from declared insolvency of one or more debtors.
How to receive an offer?
If you wish to receive an offer for a Self Underwriting Contract, choose one of the following options:
Phone: +61 (0)2 8235 8600
Email: info@coface.com.au
Fill the online Enquiry Form

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