Commodity Traders

​​​​​​Covers non-payment by the buyer of a trade receivable at maturity, for any reason outside of the control of the insured. 

Benefits:

• Usually up to 90% of cover of the requested exposure
• Enhanced security for the trader and/or the financing bank
• Leverage opportunities with a named counterparty
• Achieve stronger financing conditions

Covers the non-delivery of goods paid (or partially paid) under a purchase agreement, followed by a non-reimbursement of prepayments made within the frame of a purchase contract.

Benefits:

• Usually up to 90% of the requested exposure
• Secure risk for the trader/and or the financing bank
• Leverage long-term business with a named counterparty 
• Strengthen financing conditions

Bespoke credit risk cover for a portfolio of buyers. 

Benefits:

• Usually up to 90-95% of cover for the requested limits
• Loss payee favours banking institutions 
• Credit information and risk management tools proposed by various insurers 

Covers for losses resulting from named political risks, including:

• Confiscation, expropriation, and nationalisation
• License cancellation and breach of contract
• Political violence (resulting in the damage or destruction of assets)
• Inability to convert or to transfer hard currency

Benefits:

• Protect assets within an unsecured country
• Access a "guaranteed" cash flow 
• Mitigate against sudden political changes

Covers non-payment of the letter of credit proceeds by the issuing/confirming bank.

Benefits:

• Alternative to bank’s confirmation (in case of lack of capacity, pricing, country risk appetite)
• Financial institution risks are considered by insurers to be lower risk (compared to others)