Trade Credit Insurance
Trade credit insurance indemnifies export and domestic suppliers of goods and services against non-payment due to the insolvency of their buyers. It is commonly used to support the value of debtors as collateral for trade finance facilities, and Policy proceeds are frequently assigned to Banks. Euler Hermes is the largest credit insurance underwriter in the world with 36% market share. In 2007 the Group had a consolidated turnover of 2.099 Billion Euros. It has a local presence in over 50 countries and insures about 56,000 clients worldwide. Euler Hermes is AA- rated by Standard & Poor's.
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Corporate insolvency remains largely unpredictable, and past payment performance is not a reliable guide to future performance. The intelligent solution for an increasing number of companies is to transfer their credit risk.
Note: Trade Credit insurance supports, but does not replace, internal credit management resources. Clients are required to maintain sound credit management practices.
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Euler Hermes Group
