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).