Payment Practices Barometer Australia

Atradius news

Atradius recently published a new Payment Practices Barometer for Australia. This publication discusses various topics such as average payment durations and key payment delay factors.

“Commodity-rich countries like Australia will face headwinds in 2016 and 2017 following the decline in commodity prices. While Australia is making an effort to diversify its economy, aided by its depreciating currency and the loosening monetary policy, bankruptcies for 2016 are forecast to increase by 8%. Due to the vulnerability of its economy to low commodity prices, many Australian businesses have a strong focus on trade receivables management, and protect their cash flow and profitability against the risk of payment default arising from B2B trade on credit.”

Read more:

https://atradius.com.au/reports/payment-practices-barometer-australia-2016.html

About Atradius

Atradius provides trade credit insurance, surety and collections services worldwide through a strategic presence in 50 countries. Atradius has access to credit information on 200 million companies worldwide. Its credit insurance, bonding and collections products help protect companies throughout the world from payment risks associated with selling products and services on trade credit. Atradius forms part of Grupo Catalana Occidente (GCO.MC), one of the leading insurers in Spain and worldwide in credit insurance.

www.linkedin.com/company/atradius-australia

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For Further Information:

Atradius Corporate Communications Oceania

Lara Morrow

Tel.: +61 2 9201 2249

E-mail: lara.morrow@atradius.com

www.atradius.com.au

Disclaimer

The statements made herein are provided solely for general informational purposes and should not be relied upon for any purpose. Please refer to the actual policy or the relevant product or services agreement for the governing terms. Nothing herein should be construed to create any right, obligation, advice or responsibility on the part of Atradius, including any obligation to conduct due diligence of buyers or on your behalf. If Atradius does conduct due diligence on any buyer it is for its own underwriting purposes and not for the benefit of the insured or any other person. Additionally, in no event shall Atradius and its related, affiliated and subsidiary companies be liable for any direct, indirect, special, incidental, or consequential damages arising out of the use of the statements made information herein.