Your company often needs a working capital loan from a bank to pre-finance the production of those exported goods. Working capital finance insurance helps when your company’s bank credit limit has been exhausted by other transactions.
During the world’s recent credit crisis, ICBA brokers worked with their clients around the globe so financiers could provide uninterrupted working capital finance to assure the continuation of trade. In such situations, trade credit insurance gives your bank the risk mitigation tool it needs to provide ongoing working capital to keep trade and exports flowing.
In-country ICBA brokers operating from 50 offices in 30 countries also act as an early warning signal, helping you make good decisions about which countries to trade with, and which to avoid based on previous claims data as well as knowledge of local conditions and associated risks.