Financial
Export Credit Insurance
Policy protecting the exporter against non-payment risk from the foreign buyer due to commercial or political causes.
Policy protecting the exporter against non-payment risk from the foreign buyer due to commercial or political causes.
Export credit insurance protects the exporter against buyer non-payment, covering commercial risks (insolvency, prolonged default) and political risks (war, embargo, transfer restrictions).
International Factoring
Financing where a financial entity (factor) purchases the exporter's receivables at a discount, providing immediate liquidity. The factor assumes the collection risk from the foreign importer.
FinancialForfaiting
Non-recourse purchase of credit instruments (bills of exchange, promissory notes) from medium/long-term export transactions. The forfaiter assumes all political and commercial risk.
TradeInternational Payment Terms
Agreed conditions between buyer and seller regarding when, how, and in which currency payment will be made for a foreign trade transaction.