Trade Working Capital
What It covers
- Non-cancelable limits
- Cover revolving import/export financing lines / pre-export financing lines / advance payment financing lines / milestone and/or progress payment certificates financing lines / post dated cheques financing lines / invoice-backed financing lines
- Cover default, protracted default, insolvency and bankruptcy risks of an obligor
- Cover political risks including government default as an obligor or as a guarantor, currency conversion and/or currency transfer risks
- Cover revolving lines up to 365-days credit terms.
- Typically, up to 90% indemnity but 95% is considered
