Trade Credit Risk
Have you been caught with a Bad Debt? Trade
Credit Risk will provide the necessary specialist tools
for ...
Every business owner understands the importance of cash flow for successful running of their
enterprise. Credit insurance ...
A Cost Effective Way to Manage
Your Cash
We live in the age of great economic
uncertainty and thus, the need for trade
cre...
Our Service – Credit Insurance
Giving you Peace of Mind…
Debtors Insurance protects your accounts receivable ledger in the...
Trade Credit Risk - Main benefits include;
Free Collection Service
All four Insurers will contribute 100% to
the collecti...
Credit Procedure Manual Development
50% OF COMPANIES IN AUSTRALIA DO NOT HAVE ANY FORMAL CREDIT
PROCEDURES OR PROCESSES.
W...
Trade Credit Risk Management & Bad Debt
Insurance Services
Minimising the potential of having a bad debt
Our Risk Manageme...
Contact – Trade Credit Risk Pvt. Ltd
It is vital to select a reliable provider of credit insurance so as to get the best p...
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National insurance broker

Credit insurance (also known as trade credit insurance or business credit insurance) is one method that businesses use to assist in managing their credit risk. Trade credit insurance can protect firms against the risk of bad debt by insuring them against the possibility that customers will default or become insolvent. Trade Credit Risk insurance protects your business from non-payment of commercial debt. It makes sure that your invoices will be paid and allows you to reliably manage the commercial and political risks of trade. Call - 03 9842 0986 for further discussions!
Published on: Mar 3, 2016
Published in: Economy & Finance      
Source: www.slideshare.net


Transcripts - National insurance broker

  • 1. Trade Credit Risk Have you been caught with a Bad Debt? Trade Credit Risk will provide the necessary specialist tools for your credit department to trade with confidence www.tradecreditrisk.com.au/ Contact -0398420986
  • 2. Every business owner understands the importance of cash flow for successful running of their enterprise. Credit insurance allows a business to maintain its cash flow at all times. When on the lookout for reliable insurance brokers in AU, Trade Credit Risk is the right choice. We are specialist credit insurance broker in the Australian marketplace and provide a range of products to meet the needs of all business owners. Why Trade Credit Risk
  • 3. A Cost Effective Way to Manage Your Cash We live in the age of great economic uncertainty and thus, the need for trade credit insurance is more important. It is vital to protect the business from the biggest threat called bad debts. Bad debts can significantly harm your business especially when your business depends on a small number of customers for significant revenue. Also, when business expands the bad debts is also expected to increase. Bad debts account for those customers who are unwilling to pay your outstanding dues. Here, credit insurance helps your business by mitigating risk. Trade insurance in Australia protects your business against bad debts and when your customers covered by the agreement defaults.
  • 4. Our Service – Credit Insurance Giving you Peace of Mind… Debtors Insurance protects your accounts receivable ledger in the following events occurring;  Insolvency; which also includes Bankruptcy, Deed of company Arrangement, Administrations, Receiver Manager and Liquidations. Protracted Default or Non Payment; occurs when a debtor cannot be located, has skipped, a judgment has been obtained or non payment. All methods for collecting the outstanding debt must be exhausted and a waiting period applies depending on the Insurer.
  • 5. Trade Credit Risk - Main benefits include; Free Collection Service All four Insurers will contribute 100% to the collection costs and a % of the legal costs depending on the Insurer wording and you will have the ability to pass trouble debtors onto their collection agency to collect on your behalf. Confidence to grow your business Your business can expand, knowing the cost of a bad debt is insured. You won’t need to worry about the size of your exposure levels and can take a competitive advantage, whilst others operate with uncertainty. Protect your profits & cashflow The proceeds of a credit insurance claim, injects cash back into your business. We can arrange a virtually unlimited cash reserve for the balance sheet as a tax deductible cost. Strengthen Credit Management We will analyse your credit limits and monitor your debtors on an ongoing basis. Having a third party investigate your accounts will allow you to trade with confidence knowing you have protection against a bad debt.
  • 6. Credit Procedure Manual Development 50% OF COMPANIES IN AUSTRALIA DO NOT HAVE ANY FORMAL CREDIT PROCEDURES OR PROCESSES. We will design a credit procedures manual based on the size of your business, credit limit exposures, industry and  staffing levels. The manual will provide an efficient system and process for your Credit Department. The procedure manual contains the criteria for the following process; Credit Applications Terms of Trade  New/Existing Account Credit approval processes  Chasing overdue accounts  Facilitating appropriate re-payment plans for delinquent accounts  Defining the levels of authorisation to approve higher credit limits  Procedure for writing off losses and bad debts  Reviewing credit limit exposure levels on all accounts  General housekeeping rules Every step of the credit control process will be covered and a number of templates will be provided which includes; letters chasing debts, final notices, payment reminder letters just to name a few.
  • 7. Trade Credit Risk Management & Bad Debt Insurance Services Minimising the potential of having a bad debt Our Risk Management Package is a tailored solution for small to medium or large multinational companies. We provide an external credit limit opinion service including monitor your existing debtors for adverse information and changes in their credit worthiness. TCR OFFERS THE FOLLOWING SERVICES Debtor analysis Online Database Payment Defaults Daily debtor alerts Repayment Plan negotiations Regular Credit Limit Audits Pre and Post Insolvency advice Education on all aspects of credit Full Data wash of all your debtors Verbal advice on credit limits less than requested Various Mercantile reports (Australia & New Zealand) Industry approved Discretionary Limit justification Risk Management advice regarding credit /debtor risks Investigate and confirm trade references on new credit applications Credit Limit Opinions assessing the credit worthiness of new of existing accounts
  • 8. Contact – Trade Credit Risk Pvt. Ltd It is vital to select a reliable provider of credit insurance so as to get the best protection. We discuss about the unique needs of your business and accordingly work to offer most suitable insurance policy. We utilise our experience and knowledge in the insurance sector to help you make the right decision. Trade Credit Risk is the most reputable provider of innovative credit solutions that are tailored to the needs of the clients. For more information, please contact from the following methods. www.tradecreditrisk.com.au 0398420986 info@tradecreditrisk.com.au Suite 8, 1010 Doncaster Road Doncaster East, Victoria Melbourne - 3109 Australia © 2015 Trade Credit Risk. All Rights Reserved. | Australian Financial Services Licence #: 422672

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