TCPRI - RISKS COVERED
Our world-class Credit Insurance Solutions
provide a comprehensive protection to Corporates & Banks against a spectrum of
Commercial Risks (Insolvency & Default involving your Customers) & Political / Country Risks 
involved in Trade (Domestic & International) & Trade Finance Lending

COMMERICAL RISKS :

Our TCPRI solutions comprehensively insure Commercial Risks of your Customers resulting in payment Default or serious Delay of invoiced trade transactions :

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1. INSOLVENCY RISK OF YOUR CUSTOMER(S) 

When you Customer is Insolvent or files for Bankruptcy Protection or is under judiciary Administration such as the following, Credit Insurance triggers to protect your outstanding debt: 

• the institution of judicial or administrative proceeding pursuant to the law of the Buyer's country to liquidate, administer, reschedule, settle and/or suspend payment of its debts. ​

• a procedure as described above has been rejected or stopped by the court for lack of assets;

• the execution of a judgment fails to satisfy the amount owing in full;

• an extrajudicial full and final settlement has been agreed with all or the majority of creditors and the Insurer have given their prior approval;

• the financial position of the Buyer is such that to start or continue legal proceedings will have no cost-effective result;

• Such other equivalent situations or events.  

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2. PAYMENT DELAY & DEFAULT RISK OF YOUR CUSTOMER(S):

Protracted Default risk happens when your Customer(s) does not pay you the invoices owed as per the stipulated 'Due Date' of invoice / contract and the 'Waiting Period' as specified in the Credit Insurance Policy (generally, 180 days from original due date of invoice). 

POLITICAL / COUNTRY RISKS :

Political Risks or Country Risks arise from the geo-political situations affecting the remittance of payment by your export Customer(s).​ Our Credit Insurance solutions offer your a comprehensive financial protection against a host of such export risks.

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• Contract Frustration

• War, Civil War, Terrorism, Coup d’etat etc.

• Government Moratorium

• Confiscation

• Expropriation

• Nationalization

• Currency transfer difficulties,

• Inconvertibility

• Public Buyer Default

• Force Majeure

• Natural Disasters

• Pre-shipment Credit Risks

CONTRACT FRUSTRATION & POLITICAL RISKS :

Contract Frustration & Political risks coverage is offered for contracts with Government / Public Buyers. The broad spectrum of risks insured are :

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• Insolvency or default by either a public or privately owned entity

• Non-trade capabilities 

• Pre-export finance 

• Pre-shipment political risk coverage

• Unfair and fair calling of on-demand bonds

• Currency inconvertibility and Exchange transfer 

• License cancellation

• Import/Export embargo

• Confiscation, Nationalisation, Expropriation and Deprivation 

• Construction Contractors Plant 

• Failure to honour an arbitration award

• Aircraft and Vessel Repossession

• Mortgage Rights Insurance 

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NON-PAYMENT or OBLIGOR DEFAULT RISK INSURANCE FOR BANKS & FI's

We offer be-spoke credit insurance solutions for banks and financial institutions covering their trade lending requirements on customer-specific and/or portfolio basis covering the risk of failure to repay the loan obligation by the Obligor / Borrower as per the lending covenants of the bank's financing agreement.

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• Non-Payment Insurance (NPI), 

• Obligor Default Insurance (ODI),

• Supply Chain Financing (SCF) Insurance and

• Reverse-Factoring Credit Insurance Solutions

• Bank Master Risk Particpation Agreement (BMRP)

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These customised solutions facilitate Banks and FI's to credit-enhance their lending portfolio, supplement their risk appetite to boost insurance-wrapped lending and beneficially share the risk exposure with financially solid insurers which do not compete with banks - a comparatively beneficial option to syndication. The solutions can be efficiently structued to offer 'Capital Relief' under Basel norms.

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