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What is Coface report?

What is Coface report?

Coface Business Credit Reports It helps you to assess potential customers and categorize clients based on their credit and payment history.

What is the meaning of Coface?

Compagnie Française d’Assurance pour le Commerce Extérieur (Coface) is a credit insurer operating globally, offering companies solutions to protect them against the risk of financial default of their clients, both in their domestic and export market.

How does trade credit insurance work?

Trade credit insurance works by insuring you against your buyer failing to pay, so every invoice with that customer is covered for the insurance year up to the terms of your policy. It’s used by businesses of all sizes to protect both international and domestic trade.

What is country risk assessment?

Country risk assessment is mainly about assessing a country’s ability to transfer currency for foreign payments. The country risk assessment involves weighing and assessing these factors in order to come to a conclusion about a country’s ability to pay.

What do you need to know about Coface credit insurance?

Credit insurance from Coface is a comprehensive approach to receivables management, combining credit information, protection and collections. Insuring your receivables ensures your business will be around tomorrow. Supplemental coverage in cases of increased risk.

What do you need to know about Coface?

COFACE : Credit insurance, Debt Collection, Factoring, Business Information, Bonds, Economic studies. A finely meshed international network… At first, the COVID-19 epidemic in China only affected a limited number of value chains – but it has since turned into a global pandemic.

How many companies have been affected by Coface?

Coface’s 2019 Asia Corporate Payment Survey covered over 3,000 companies in nine economies (Australia, China, Hong Kong, India, Japan, Malaysia, Singapore, Thailand and Taiwan). 63% of companies surveyed stated that they experienced payment delays in 2018.

What are the goals of the new Coface plan?

In particular the new plan will: Continue to strengthen risk management and underwriting discipline; Improve service, and commercial and operational efficiency; Invest in select growth initiatives in trade credit insurance as well as in specialty lines; Maintain balance sheet strength.