PARs

Trade Credit Insurance

Coverage

Bankruptcy risk for a specific obligor only.

Available for investment grade as well as highly distressed companies.

Coverage normally only available on all obligors in a portfolio (whole turnover.)

Only available for credit worthy companies.

Premium Payments

Premium payable for specific protected names only.

Premium payable on entire portfolio.

Cancellation Risk

No cancellation risk.

Normally coverage can be cancelled by insurer at any time.

Payment Timing & Conditions

Full amount paid on
same day of delivery of receivables.

No Deductibles or set offs.

Payments made normally 60 to 90 days after claim filing.

Deductibles may apply and receivables may be subject to setoff or other conditions.