FAQS

Export credit insurance is specialised insurance coverage designed to protect a trader’s foreign accounts receivable. As an international trader, dealing with foreign buyers can be challenging. Things can get even more complicated when you advance credit to a trader with a low credit rating. This can pose a danger to the continuity of your business. […]

Knowing how to handle business debt when a company is sold is essential. In particular, you need to know what happens to your accounts receivable and accounts payable when one of your customers decides to sell their business. You should think about protecting your business from potential liabilities resulting from the sale. Unfortunately, most business […]

When extending credit, whether credit cards, mortgages or other forms of loan, there is always an element of risk that the borrower may default. This chance of loss is called credit risk; the risk of the borrower’s failure to meet the agreed responsibilities or pay back a loan once it has been sanctioned. That said, […]

Many international traders are unsure about the best way to safeguard their businesses from bad debts. Export credit insurance and letters of credit may be some of the most viable options. Both ensure you minimise debt risks and receive payments on time, according to the agreement between you and the other trader. Below is everything […]

Structured trade credit insurance is essential for investors, financial institutions, and corporates operating within the highly volatile, structured trade finance landscape. It helps regulate credit default risks, particularly those linked with economic crises, non-payment for trade receivables, and political risks. It can also improve credit risk management by harnessing risk monitoring, credit information, and debt […]

Determining the best way to safeguard your business can be challenging. You might be wondering, “what type of insurance do I need to carry out international trade? Does the company require bonds? What is a surety bond, and what categories of surety bonds are available?” At Niche Trade Credit, we will help you find the […]

Is there a difference between trade finance and trade credit? Well, these terms confuse many people, which is why they are often used interchangeably. In this article, we will explain the difference between trade finance and trade credit. We will also explore the advantages of trade credit and why it’s favourable for small-scale exporters and […]

Trade credit insurance and factoring are both identifiable disciplines in debtor management. If you are in business with international clients, you may have realised that these tools are complementary. But what is the difference between these debtor management instruments? How are they related, and which is the right choice for your company? Read on to […]

Accounts receivable form a critical aspect of any business. If your debtors cannot pay what they owe, your business risks incurring significant trade losses. Trade credit insurance or export credit insurance is a form of insurance coverage that allows you to safeguard accounts receivable from the risk of nonpayment. Export trade credit insurance policies are […]

Trade credit insurance protects businesses from the financial impact that may arise in case a customer does not pay for goods and services or if there are payment defaults. It gives businesses peace of mind when extending trade credit to new customers. A trade credit claim helps you cover losses arising from non-payment. Frequent bad […]

Political risk insurance is a unique subset of private insurance, used to cover infrastructure developers, importers and exporters, and other such companies from financial loss, due to the forced abandonment of a project or a client due to political instability in a country. This can be due to government action, political violence, and other political […]

If you’re new to the world of importing and exporting, or you’d simply like a refresher course on the different types of insurance coverage available to your company, you’re in the right place.  When it comes to insurance, exporters have many options. Export credit agencies are able to protect you against the risk of non-payment […]

Credit insurance and bank guarantees are both financial tools for satisfying payment obligations for international trade. Typically, they are promises from a lending institution that a debtor will settle their debt to a third party, regardless of the borrower’s financial circumstances. These financial promises assure the third party that if the borrower fails to repay […]

Trade and commerce insurance are integral parts of the contemporary world’s competitive global economy. Trade insurance allows businesses to establish a quality risk management system while trade credit insurance products safeguard businesses from instability, customer bankruptcy, and other credit risks. Different types of insurance covers can protect your investment from particular circumstances and issues. This […]

If you’ve been looking into protecting your balance sheet with trade credit insurance, you may be wondering about some general information behind the purchase of a “whole turnover” policy. What does whole turnover trade credit insurance cover? What does it mean?Can it protect my cash flow? Are there cancellable credit limits? Will my big key […]