Financial Institutions

Products for Financial Institutions

Securitas brokers a broad, flexible variety of policies that give you options to insure trade finance structures with repayment terms up to seven years.

Purchase of Accounts Receivable Policy

• Financial Institution can “pass back” co-insurance to the seller
• Bank (or Financial Institution) is named the policyholder
• Premiums payable only on actual purchases
• Policies cover one or multiple buyers
• Non-cancelable limits or Pay-As-You-Go policy options available
• Single or multiple foreign or domestic debtors

Trade Payables (Supply Chain) Financing Policy

• Transaction is initiated by the buyer who is a client of the bank
• Bank pays off supplier(s) and assumes risk of nonpayment by buyer
• Bank obtains coverage against that nonpayment risk
• Premiums payable only on actual fundings

Pre-Export / Export / Import Financing (Buyer Credit) Policy

• Coverage is available on either short-term or medium-term repayment terms.
• 180-day waiting period to file claim

Letters of Credit Policy

• Non-honoring of ILC coverage for political or commercial risks
• Can cover single or multiple issuing banks in one country

Capital Equipment Leases Policy

• Policies provide medium term coverage to capital equipment lessors and financial institutions against loss on a capital lease with one lessee or multiple leases.

Non-Delivery Following Advance of Funds Policy

• Non-delivery of contracted goods by government-owned or private suppliers followed by a failure to return/repay the insured’s advance payment.

Securitas

Since 2004, Securitas Global Risk Solutions, LLC (“Securitas”) has helped clients develop credit and political risk transfer solutions that provides value on numerous levels.  As an independent trade credit and political risk insurance brokerage, Securitas is focused on developing comprehensive solutions that meet the needs of clients, ensuring complete understanding of policy wording and delivering excellent responsive service.