Supplier Credit
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.
Foreign Buyer Credit Insurance
Foreign Buyer Credit Insurance
Purchase of Receivables Insurance
The buyer prefers to obtain financing from the exporter and not from the bank and the exporter wants to speed up the financial transaction since the bank is able to conclude a purchasing contract with the exporter faster than a credit contract with the buyer.
Post-financing of L/C Insurance
It is used as a substitute to the foreign bank's credit, simplifying credit procedures and documentation. You can improve competitiveness of your commercial offer by providing option to finance your buyer. The financing of the buyer is approved by your bank, which insures this credit through SID Bank. This enables you to receive payment at delivery and your buyer to pay for the goods over longer period.
Special purpose Credit Insurance
It improves liquidity to the exporter for the entire duration of the export transaction and it lowers the bank's requirements for collateral from the exporter.
Credit Line Insurance
It provides liquidity to the exporter for a period up to two years and lowers the bank's requirements for collateral from the exporter. It is suitable when the exporter has revolving business with payment terms less than one year.
