Trade Credit & Political Risk

Facilitating international trade and investment

Swiss Re Corporate Solutions offers trade credit and political risk insurance to help companies facilitate international trade and investment. We do so by providing confidence against buyer default and insolvency as well as peace of mind against the political uncertainties of doing business in emerging markets.

Trade Credit

We protect customers from a wide range of perils such as:

  • Non-payment by a private counterparty for goods or services delivered (including working capital goods)
  • Non-delivery by a private counterparty for prepaid goods or services
  • Insolvency of a private off-taker during the manufacturing phase
  • Non-payment by a private counterparty under a trade related loan agreement
  • Non-payment by a private counterparty under project milestones
  • Non-payment by a private counterparty under its guarantee
  • Non-payment by a portfolio of private counterparties
  • Non-payment by a private counterparty of the termination amount under an EFET or ISDA (or similar contracts)
  • Other structured medium to long term non-payment by a private counterparty or a portfolio of private counterparties

Political Risks - Insuring uncertain futures

We offer policies that can be tailored to cover a wide range of political risks:

  • Failure of a sovereign entity to honor payment obligations under a loan agreement, guarantee, or letter of credit
  • Financial loss caused by unilateral repudiation or breach of contract by a government entity
  • Sovereign action or inaction which impedes or frustrates a commercial contract
  • Seizure or confiscation of fixed or movable assets which are owned or leased
  • The cancellation of in force import/export licenses or operating licenses
  • Inability to repatriate equipment following the completion of a contract
  • Politically motivated violence that results in physical damage to assets or forced abandonment and evacuation that results in equipment being left behind
  • Inability to repatriate profits or convert currency earned in a foreign country

Tags

creditsurety politicalrisktradecredit

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