Management Foreign Trade Risks Commercial and Financial Contracts Assets and Investments Project Finance Claim Management FIS Private Insurance Brochure

Commercial and Financial Contracts

Public Sector Obligor

Contract Frustration

Government action resulting in the failure or refusal of a contracting party, including a financial or performance guarantor, to honour their obligations under a contract.

Typical transactions

  • Pre-export finance
  • Import finance
  • Tolling, barter/ counter trade
  • Sales and purchase contracts
  • Service contracts
  • Letters of credit, on-demand bonds

Perils insured by contract frustration insurance

  • Private obligor non-performance due to government action
  • Government obligor non-performance
  • Arbitration default
  • Import and export restrictions
  • War
  • Transfer delays/ currency inconvertibility
  • Fair and unfair calling of bonds

Private Sector Obligor

Trade Credit Risks
Non-payment by a private obligor

Typical transactions

  • Export and import contracts
  • Trade and commodity finance
  • Bank-to-bank lending
  • Pre-export finance
  • Buyer credit
  • Supplier credit
  • Financing secured by trade receivables
  • Securitisation of receivables
  • Asset-backed financing
  • Acquisitions financing
  • Letters of credit

Perils insured by trade credit insurance

  • Private obligor non-performance
  • Arbitration default
  • Import and export restrictions
  • War
  • Transfer delays/ currency inconvertibility
  • Fair and unfair calling of bonds