Financial Insurances
Financial Insurances
Collateral is Also Financing Capacity
Financial insurances do not just compensate for a loss; When designed correctly, it frees up the company's credit capacity and expands its sales policy safely.
Receivables insurance works with buyer intelligence and limit management; Surety insurance, on the other hand, replaces the bank guarantee letter and voids your cash and non-cash limits.
- Receivables and surety guarantees
- Solutions that do not occupy bank limits
The surety policy provides non-cash coverage without exceeding the bank limit.
Scope
Coverage Scope
Trade credit insurance
Guarantee against buyer bankruptcy and prolonged default risk in domestic sales.
Export receivables and political risk
In addition to commercial risks in foreign receivables, country-based payment obstacles.
bail insurance
An alternative solution to letters of guarantee in provisional, final and advance guarantee types.
Financial abuse (fidelity)
Direct financial losses due to employee disloyalty, embezzlement and fraud.
Banking crime insurance (BBB)
Comprehensive coverage for cash, negotiable instruments and transaction security in financial institutions.
Electronic and cybercrime
Losses due to fraud and unauthorized transfer through the system.
Key Risks
What We Watch in This Area
Buyer Concentration
Concentration of turnover in a small number of buyers creates the risk of large losses in a single bankruptcy.
Notification Periods
Failure to notify the default within the period specified in the policy will directly affect the coverage.
Employer Acceptance
Acceptance of the surety policy depends on the employer; must be confirmed before the contract.
How is it determined?
Data Determining Financial Collateral
- Size of customer portfolio and buyer concentration
- Maturity structure and average collection period
- Domestic-export distribution and risk of working countries
- Contract terms; Requested guarantee type and duration
- Bank cash and non-cash limit usage
- Separation of internal control and authorization processes
FAQ
Frequently Asked Questions
Surety insurance in public tenders is recognized by legislation. In the private sector, acceptance depends on contractual terms; Therefore, we recommend confirming with the employer at the offer stage.
Once the policy is in effect, buyer limits are allocated; Compensation is paid at the end of the waiting period in the policy and when the notification and collection process is completed.
No. Credit (receivable) insurance protects the receivables arising from the sale; Surety insurance, on the other hand, guarantees the contractual liability of a job against the employer. One is on the collection side and the other is on the commitment side.
The sale to that buyer remains unsecured; The decision to continue selling is yours. The reason for rejection is the buyer's financial data and often serves as an early warning for your own credit policy.
Do You Have a Need in This Area?
Let's assess your risk together and build the coverage structure around your needs.