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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.
Credit Specialties 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.
Coverage for Unique Risks
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 USD 1 million.
When you have particularly large contracts or business relationships with key counterparts, you may need an insurance safety net. Credit Specialties can provide Straight Non-Payment cover for single large contracts with short-term revolving credit terms, your largest buyers where there is high risk concentration, or as a top-up complement to your multi-buyer credit insurance.
It can also provide Contract Frustration cover for multi-year projects, protecting against risks such as pre-shipment losses and non-payment, including the non-honouring of Letters of Credit.
Even with strong credit management, your business may still need protection against unforeseeable catastrophic events or complex financial arrangements. Atradius Credit Specialties can design coverage for such situations, including: Significant self-retained excess layers, Discretionary credit limits, and Non-cancellable limits.
We also provide additional trade finance support, protecting the various ways financial institutions back trade. Coverage can include:
Paying up front for goods inherently involves some risk. If an advance payment is required, your supplier’s insolvency could result in you losing both the goods and the advance payment.
To mitigate this risk, Credit Specialties offers a range of advance payment protection and pre-export finance coverage, up to 95% depending on your policy terms. Each policy is tailored to each specific contract, with premiums calculated to reflect your exposure at each milestone included in your contract.
Below are the benefits of this type of coverage:
Our Whole Turnover Excess of Loss policies are designed to protect your accounts receivable from an unexpected sudden default. By their very nature, these unforeseeable catastrophic events can take businesses by surprise by their speed and magnitude. We insure the level of loss that would cause your business to go under, effectively sharing the exposure with you where your business agrees to absorb a pre-agreed level of loss. This insurance may include discretionary limits and non-cancellable cover on key exposures. Some benefits include:
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