is the situation where a person, whether natural or legal support from his own funds the consequences that may result from possible claims for commercial or industrial, that is, without recourse to the intervention of any entity insurer.
Banks (commercial banking)
are institutions that are intended to provide commercial banking services and credit.
country risk categories (Country Risk categories)
is used by all agencies for export credit to rank countries according to their creditworthiness. Each agency has its own system, with a number of categories, rating agencies consulted by some countries from
coverage (Cover)
support a guarantee / insurance against export credit risk for delays in payment or payment in relation to export transactions. The coverage usually, but not always, covers both the commercial and political risk. A policy issued to an exporter protects you from losses caused by rejection or insolvency of a foreign buyer or the inability of the foreign buyer to make payments in local currency because of exchange restrictions or payment problems caused by civil wars, insurrection or for other reasons policies. In most cases coverage is not by the total value of payments for future debt service, typically covers up to 90% or 95%.
coverage (Comprehensive coverage)
(1) The insurance policy / credit guarantee which covers exports from the risk of loss for both commercial and political causes. (2) Insurance coverage / warranty for all or a portion of a transaction negotiated export eligible a supplier or bank. Generally the limits are set by each creditor. See Whole turnover Coverage, Coverage of total turnover.
hedging (Exchange Risk coverage)
insurance coverage that protects the provider of a negative change in the type of exchange of one currency denominated contracts or credit.
Commercial Risk Insurance (Commercial Risk coverage)
A policy of insurance or warranty coverage provides protection to the dealer or a bank, respectively, of non-payment of a buyer or public or private borrower in the event of insolvency, protracted default and / or failure to collect goods that have been shipped under the contract of supply. The specific events and policies vary among agencies.
Company
The unit responsible for economic production of goods and services. From another point of view, we can understand the whole business organic inputs, sorted according to certain social norms and technological objectives are intended to achieve economic.
Credit Guarantee Export (Export Credit Guarantee)
A guarantee issued by a financial institution (often a government agency) formed specifically to promote exports and through which an exporter can seek credit pre / post shipment of a banking institution. Credit guarantees for export are not involved in the funding of resources for exporters, but are a government agency that protects banks against losses resulting from export operations they fund, and facilitate access to credit for exporters are an important incentive to export.
Prima (Premium)
The amount or amounts paid normally advance, by the insured to the insurer to cover the risk and the price of insurance. Is an important source of income for credit bureaus to export.
Prima Commissioner
The security agent to the principal of the creditworthiness of the parties to those performed sales. Included in agency agreements.
discovered floating The insurance policy in general terms and leaves the ship's name and other particulars to be specified in subsequent statements. By floating policy is that in the event of a misstatement or omission, the statement may be altered even after the arrival of the goods or loss.
is the document setting out the conditions under which goods are secured. Can be registered or to order.
Valued Policy does not
is the policy in which the parties have mutually agreed fixed the value at which they are insured goods.
Travel Policy for
Also called "individual policy, which is issued to cover only one specific trip.
Commercial Risk (Commercial risk)
The risk of default by a purchaser of public or private sector or borrower arising from breach, insolvency and / or needed to collect the goods shipped under the contract (in contrast to transfer risk that derives from the inability to convert local currency to the currency in which debt is established, or political risks).
Country Risk (Country risk)
risk generated by political, economic, legal or social in a country, for example the risk of lending to or with the guarantee of a government. Is associated with cross-border banking, for example, deposits in a country other loans. A banker must evaluate the economic and financial situation in the country of residence of the debtor. Currency shortages should be evaluated as typical elements of political risk that could prevent the payment of principal and interest on loans.
Political Risk (Political Risk)
Risk of loss due to payment default export that is generated for political reasons: inconvertible currency, forced expropriation, government interference, war or revolution.
Credit Insurance Export (Export credit insurance)
A policy to cover one of the riskiest areas to which the exporter faces non-payment or whether due to insolvency of the importer (commercial risk) or political events (political risk). Credit insurance for export are often mentioned in connection with credit guarantees for export. However, while the cover guarantees bank loans for export, the policies are issued on behalf of exporters. In many developing countries, such insurance is unavailable or too expensive. It is equipped with various types of credit insurance, export, differ from country to country according to needs business community. Credit insurance for export more widely used are: (1) Insurance Export credit short-term that generally covers periods not to exceed 180 days. The pre and post shipment are covered by this insurance, and safeguards against political and commercial risks. (2) Insurance of export credit and long term: This type of insurance is issued for long-term loans - up to three years (medium term) or longer. Provides coverage for financing export of capital goods and services or construction costs in foreign countries. (3) Insurance-investment: In this type of policies, provides assurance to exporters to invest in foreign countries. The Agency Multilateral Investment Guarantee Agency (MIGA), World Bank affiliate, offers this type of insurance. (4) foreign trade insurance: This insurance applies to goods that are shipped from the country of origin and is not available in many developing countries. (5) foreign exchange risk insurance: This insurance covers losses caused by fluctuations in the respective exchange rates of national currencies of the importer and exporter over a period of time.
Insurance Bancomext
Support Mexican companies with the implementation of products that help cover the risk of both domestic sales and export and contribute to these companies to have more competitive conditions in their business.
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