{"id":770298,"date":"2018-09-04T16:54:37","date_gmt":"2018-09-04T13:54:37","guid":{"rendered":""},"modified":"2018-09-04T16:57:37","modified_gmt":"2018-09-04T13:57:37","slug":"yak-zahystyty-aktyvy-kompaniyi-eksportera-pry-tryvalomu-prostrochenni-platezhu-bankrutstvi-kontragenta-ta-vplyvi-politychnyh-ryzykiv","status":"publish","type":"post","link":"https:\/\/new.eba.com.ua\/en\/yak-zahystyty-aktyvy-kompaniyi-eksportera-pry-tryvalomu-prostrochenni-platezhu-bankrutstvi-kontragenta-ta-vplyvi-politychnyh-ryzykiv\/","title":{"rendered":"Ways to Secure Exporting Company\u2019s Assets in case of Long Delay in Payment, Counteragent\u2019s Bankruptcy and Political Risk Effects"},"content":{"rendered":"

A new tool for securing commercial loans is now available for Ukrainian exporters. One of the global leaders in commercial loan insurance \u2013 Atradius (The Netherlands) \u2013 is ready to secure any company against a long delay in payment, counteragent\u2019s bankruptcy as well as political risk effects in a counteragent\u2019s country. The Group started working in the Ukrainian credit insurance and reinsurance market in cooperation with INGO Ukraine Insurance Company.<\/p>\n

Unlike similar financial tools offered by banks and factoring companies, commercial loan insurance is notable for its bigger flexibility as well as adaptability of coverage terms to specific business needs. Moreover, experts say that the insurance value is lower than the value of any similar financial tool.<\/p>\n

This tool enables exporters to pursue a more aggressive sales policy, masterfully crack new markets and significantly increase trade turnover. The global business practices show that commercial loan insurance facilitates continuing business processes and development with minimum risks. The Commercial Loan Insurance Treaty will also serve as one more argument when negotiating with a bank and allow getting loans on more favorable terms.<\/p>\n\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\tSerhii Kryvosheiev<\/span>\n\t\t\t\n\t\t\t\t\t\t\tHead of Corporate Insurance Department, INGO Ukraine Joint Stock Insurance Company<\/span>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t
\n\t\t\t\tIf you market goods or services, then you certainly understand how much business benefits from delays in payment. You also know that a delivery made with payments delayed results in accumulation by an enterprise of short-term accounts receivable. Increase in trade turnover with payments delayed and market development lead to higher risk of counteragents\u2019 failure to pay the cost of delivered goods. Thus, it is the risk that should be taken into account.\n\t\t\t<\/blockquote>\n\t\t\t\t\n\t<\/div>\n\n

The accounts receivable of an average enterprise are about 30% of all its assets while its own funds amount to only 20% of liabilities. This means that if a counteragent fails to pay the cost of delivered goods, a provider will be unable to cover the loss out of its pocket. And even a small loss essentially affects the company\u2019s stability and financial performance.<\/p>\n

\u201cFor instance, to cover the loss amounting to EUR5000, a company with average return on sales (4%) will have to increase trade turnover by EUR125,000,\u201d <\/em>says Serhii Kryvosheiev. \u201cIf the loss is EUR100,000, it will be necessary to increase trade turnover by EUR2,500,000.\u201d<\/em><\/p>\n

Exporters\u2019 commercial loans have been insured throughout the world for more than 100 years, but this tool is not common in Ukraine yet despite all its advantages.<\/p>\n

First of all, the credit limit approved by the insurance company is valid during the whole period of coverage. Insurer\u2019s experts permanently monitor a debtor\u2019s financial condition and political environment in its country to timely respond to alarms.<\/p>\n

\u201cActually, commercial loan insurance is not only a guarantee of incurred loss recovery but also a comprehensive credit management program,\u201d \u2013 adds <\/em>Serhii Kryvosheiev. \u2013 \u201cWe are ready to be involved in client\u2019s profile credit management at each stage of goods delivery with payments by installments.\u201d <\/em>The insurance company can assist in selection of counteragents, determine whether counteragents\u2019 payments may be delayed or credit limit \u2013 set, monitors counteragents\u2019 condition during the whole period of coverage as well as supports a client in collecting accounts receivable.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new tool for securing commercial loans is now available for Ukrainian exporters. One of the global leaders in commercial loan insurance \u2013 Atradius (The Netherlands) \u2013 is ready to secure any company against a long delay in payment, counteragent\u2019s bankruptcy as well as political risk effects in a counteragent\u2019s country. The Group started working […]<\/p>\n","protected":false},"author":4489,"featured_media":133889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[15576,15575],"tags":[],"class_list":["post-770298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-articles-en","category-news-and-articles-from-companies-en","company-16399"],"_links":{"self":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/770298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/users\/4489"}],"replies":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/comments?post=770298"}],"version-history":[{"count":0,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/770298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/media\/133889"}],"wp:attachment":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/media?parent=770298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/categories?post=770298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/tags?post=770298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}