Credit Insurance For Exports
Protect your transactions when exporting from Australia.
Trade Credit Insurance can be used to safeguard your export business from payment default and mitigate trade risk. Offer open account securely to more clients and increase sales.
Imagine offering all of your top international clients the opportunity to purchase your goods on credit. If these export clients have access to open account, would they be likely to buy more from you? The answer is probably yes, but the trade credit risk these transactions pose has stopped you from going ahead. Coface does not only secure your receivables against bad debt, our service also provides you with information on buyers and all the services you need to make sure you are paid when selling on open account.
Insurance for exporters can cover your trade and offer:
- Information on prospective buyers including extensive credit information, opinions and debtor risk assessment
- Worldwide debt collection available
- Increased sales as more credit can be extended securely
- Risk mitigation on exports
Read the referral below from Star Micronics, an export credit insurance client.
STAR MICRONICS EUROPE LTD USE COFACE'S FLEXIBLE CREDIT INSURANCE TO SUPPORT THEIR STRATEGIC DEVELOPMENT AND GROWTH.
Star Micronics Europe Ltd is responsible for the sale of printers and printer mechanisms into the EMEA region, Russia and India. They needed a credit insurer who would support some of the unstable or less structured economics included in that territory.
"Coface understand how companies in the supply chain operate, and underwrite on positives of risk, not just its balance sheet. The premium represents value for money. This year Star will spend more on credit insurance, but we will have the benefit of greater cover. As a result we are gaining more penetration in more markets - credit insurance has become a strategic business tool for us."
T: +61 (0)2 8235 8646