KNOW MORE ABOUT BPI/MS' TRADE CREDIT INSURANCE!

BPI/MS Trade Credit Insurance provides protection on all (part) of a company's trade receivables against the risk of non-payment by their buyers. There are two types of risk that are covered under the Trade Credit Insurance:

1. Commercial Risk - includes any of the following:
   
   
   1. Bankruptcy (liquidation, official insolvency and the equivalent concepts)
   
   
   
   2. Protracted default



2. Political Risk - includes any of the following:
   
   
   
   1. Public buyers (governmental bodies and institutions that are not registered as a private legal entity)
   
   
   
   2. War, riots, etc.
   
   
   
   3. Transfer risk (non-payment caused by a governmental action, e.g. restrictions on payments in hard currency or import restrictions)

KEY FEATURES OF THE BPI/MS TRADE CREDIT INSURANCE

• Sales on credit terms covered



• Creditworthiness of buyers checked



• Coverage defined on a case to case basis



• Policy parameters adapted to match your requirements