Credit Specialties

Atradius Credit Specialties provides tailored solutions outside the framework of our whole turnover trade credit insurance policies, to cover trade, trade financing and political risks.

Credit Specialties provides the best of both worlds for our policyholders. It enables your business to benefit from our expertise and data intelligence as a world leading credit insurer, as well as the enhanced flexibility and innovation of our political risk market products. Our Credit Specialties policy wording is tailored to meet the needs of individual risks and to respond to the evolving economic and geopolitical environment.

They address the increasing demand for non-cancellable credit limits, single situations and structured trade financings across the globe. We work closely with our policyholders and their brokers to ensure that our solutions work effectively with their in-house risk analysis and credit management capabilities.

In the same way that there is no standard Credit Specialties policy, there is no standard Credit Specialties customer. Everyone is unique. However, our risk appetite is strategically selective. We usually provide cover for organisations that can demonstrate robust credit management procedures, or require insurance for a project that has intrinsic value. This may be a project with regional strategic importance for example, or perhaps requires a credit limit of more than EUR 1 million.

Quote

"The Credit Specialties Unit provides the best of both worlds for our policyholders"

Making a difference with a Single Situation cover

When you have specifically large contracts or business relationships with key counterparts, you may need an insurance safety net to provide some of the following cover:

Straight Non-Payment cover for:
- Single large contracts with short term revolving credit terms
- Largest buyers, providing high risk concentration
- Top-up complement to your multi-buyers credit insurance
Contract Frustration cover for multi-year projects covering:
Pre-shipment
Non-payment risks including the non-honouring of Letters of Credit

Protecting against Whole Turnover Excess of Loss cover

You may have strong credit management but still need to protect your entire turnover against an unforeseeable catastrophic event. When designing cover for such eventualities we can help with:

Significant self-retained excess layers
Discretionary credit limits
Non-cancellable limits

Providing additional trade finance support

We protect the various ways financial institutions support trade, including:

Receivables purchase facilities
Reserve base lending
Borrowing base financing
Warehouse finance
Buyer credit
Leasing
Non-honouring of Letters of Credit, Standby Letters of Credit and Import Letters of Credit
Structured financing

Protecting against the risk of non-delivery of pre-paid goods

Paying up front for any goods will include an element of risk, one that may be unavoidable in certain jurisdictions or situations. To help protect you against this specific risk we have developed a range of advance payment cover and pre-export finance cover.

Covering the Unfair Calling of Bonds

There may be situations where your bond is at risk. This can include a customer who makes an unfair call, or a political situation outside of your control. Credit Specialties is designed to insure you against such eventualities.

The Credit Specialties team

We provide tailored Credit Specialties solutions to customers worldwide. Our Credit Specialties team works out of offices based in: London, Paris, Amsterdam, Cologne, New York – Baltimore and Singapore.

In Australia and our wider region, we’re supported by the team based in Singapore.

If you would like to find out more please contact us.

Underwriting the situation