Trade Credit Insurance
Benefits
For Principal
- Providing Principal the ease to obtain Bank Guarantee.
- Helping Principal in managing the company’s cash flow.
For Bank
- Obtaining bond in issuing the Bank Guarantee without requiring cash collateral
- Obtaining Fee Based Income
- Helping bank to get customers
For Obligee
Easy disbursement process if Principal is default
Choose Askrindo Insurance Products According to Your Business Needs
Multifunctional Loan Insurance
- Providing loan coverage for individual/micro entrepreneur/small entrepreneur/retail to get loan from bank/non-bank financial institution/non-financial institution, which do not meet bank’s technical requirements (non-bankable) yet feasible for loan.
Trade Loan Insurance
- Providing coverage for factories/distributors due to the buyer’s default of trade loans in accordance with the trade contract between factory/distributor and the buyer due to bankruptcy or default
Surety Bond
- Providing insurance to the Obligee for default that is caused by the Contractor’s (Principal) incompliance upon a project (construction/non-construction) for a term that had been specified in the contract.
Bank Counter Guarantee
- Providing insurance in form of counter guarantee upon guarantee bank facility that is issued by the Bank for Principal when Principal suffers from default in the project’s execution.
Customs Bond
- Providing insurance to the Directorate General of Customs and Excise for the risk of default by the exporter/importer upon the customs facility, hold/release of imported goods and other State excises.
