Trade credit insurance - Revision history

Editor at 14:37, 18 September 2020

2020-09-18T14:37:38Z

← Older revision		Revision as of 14:37, 18 September 2020
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−	~~[[File:Tradecreditinsurance.jpg\|link=File:Tradecreditinsurance.jpg]]~~
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	= Introduction =		= Introduction =

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	* Government to support businesses through Trade Credit Insurance guarantee.		* Government to support businesses through Trade Credit Insurance guarantee.

−	[[Category:~~Articles_needing_more_work~~]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Designing Buildings at 09:48, 15 May 2020

2020-05-15T09:48:12Z

← Older revision		Revision as of 09:48, 15 May 2020
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	= History =		= History =

−	As a business practice, trade credit insurance emerged in Western Europe between World ~~War~~ I and ~~World War~~ II. It was often applied to transactions between two countries, and political stability was frequently one of the main factors in terms of risk and repayment. Natural disasters, acts of terrorism and currency devaluations or shortages also play a part in the risk associated with global transactions.	+	As a business practice, trade credit insurance emerged in Western Europe between World Wars I and II. It was often applied to transactions between two countries, and political stability was frequently one of the main factors in terms of risk and repayment. Natural disasters, acts of terrorism and currency devaluations or shortages also play a part in the risk associated with global transactions.

	Since the 1990s, the trade credit insurance market has been primarily focused on Western Europe, but it is now present in the Americas, Asia and Eastern Europe as well. In the international marketplace, trade credit insurance is referred to as export credit insurance (or ECI), which sets out to reduce the risk of doing business on a global scale.		Since the 1990s, the trade credit insurance market has been primarily focused on Western Europe, but it is now present in the Americas, Asia and Eastern Europe as well. In the international marketplace, trade credit insurance is referred to as export credit insurance (or ECI), which sets out to reduce the risk of doing business on a global scale.
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	= Protecting both parties =		= Protecting both parties =

−	Both trade credit insurance and export credit insurance are meant to protect vendors from non-payment, should the customer require extra time to fulfil ~~any and all~~ financial obligations. The purpose is to give businesses the confidence to trade with each other ~~(or with other businesses)~~ even when there is a degree of risk or uncertainty involved.	+	Both trade credit insurance and export credit insurance are meant to protect vendors from non-payment, should the customer require extra time to fulfil financial obligations. The purpose is to give businesses the confidence to trade with each other even when there is a degree of risk or uncertainty involved.

−	Trade credit arrangements are conceptually similar to ~~bridge~~ loans, but instead of applying to property transactions between a financial institution and an individual consumer, trade credit insurance applies to transactions between two businesses, and it allows a business to generate income without having to invest in prepayment.	+	Trade credit arrangements are conceptually similar to bridging loans, but instead of applying to property transactions between a financial institution and an individual consumer, trade credit insurance applies to transactions between two businesses, and it allows a business to generate income without having to invest in prepayment.

−	Like ~~bridge~~ loans, the business covered by a trade credit insurance policy will pay an agreed percentage rate for the duration of the arrangement (which is typically within one year). This rate is based on the business history and creditworthiness of the recipient. Premiums for trade credit insurance are made in monthly instalments.	+	Like bridging loans, the business covered by a trade credit insurance policy will pay an agreed percentage rate for the duration of the arrangement (which is typically within one year). This rate is based on the business history and creditworthiness of the recipient. Premiums for trade credit insurance are typically made in monthly instalments.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 16:34, 14 May 2020

2020-05-14T16:34:28Z

← Older revision		Revision as of 16:34, 14 May 2020
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	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

		+	* Bad debt.
	* Bridging loan for property.		* Bridging loan for property.
	* Budget.		* Budget.

Editor at 16:33, 14 May 2020

2020-05-14T16:33:40Z

← Older revision		Revision as of 16:33, 14 May 2020
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	* Budget.		* Budget.
	* Cash flow in construction.		* Cash flow in construction.
		+	* Collateral.
	* Construction loan.		* Construction loan.
	* Cost plans.		* Cost plans.

Editor at 16:33, 14 May 2020

2020-05-14T16:33:05Z

← Older revision		Revision as of 16:33, 14 May 2020
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	* Cost plans.		* Cost plans.
	* Credit check.		* Credit check.
−	* Estate agent fees.
	* Equity and loan capital.		* Equity and loan capital.
−	* Funding options for building developments.
−	* Funding prospectus for new developments.
	* Future of construction insurance.		* Future of construction insurance.
	* Government to support businesses through Trade Credit Insurance guarantee.		* Government to support businesses through Trade Credit Insurance guarantee.

	[[Category:Articles_needing_more_work]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:Articles_needing_more_work]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 16:24, 14 May 2020

2020-05-14T16:24:49Z

← Older revision		Revision as of 16:24, 14 May 2020
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−	[[File:Tradecreditinsurance.jpg]]	+	[[File:Tradecreditinsurance.jpg\|link=File:Tradecreditinsurance.jpg]]

	= Introduction =		= Introduction =
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	Like bridge loans, the business covered by a trade credit insurance policy will pay an agreed percentage rate for the duration of the arrangement (which is typically within one year). This rate is based on the business history and creditworthiness of the recipient. Premiums for trade credit insurance are made in monthly instalments.		Like bridge loans, the business covered by a trade credit insurance policy will pay an agreed percentage rate for the duration of the arrangement (which is typically within one year). This rate is based on the business history and creditworthiness of the recipient. Premiums for trade credit insurance are made in monthly instalments.

−	= Related articles on Designing Buildings Wiki. =	+	= Related articles on Designing Buildings Wiki =

−	* Bridging loan for property	+	* Bridging loan for property.
	* Budget.		* Budget.
	* Cash flow in construction.		* Cash flow in construction.

Editor: Created page with "File:Tradecreditinsurance.jpg = Introduction = Trade credit insurance or TCI (also known as business credit insurance or credit insurance) is a form of insurance from priva..."

2020-05-14T16:22:48Z

Created page with "File:Tradecreditinsurance.jpg = Introduction = Trade credit insurance or TCI (also known as business credit insurance or credit insurance) is a form of insurance from priva..."

New page

[[File:Tradecreditinsurance.jpg]]

= Introduction =

Trade credit insurance or TCI (also known as business credit insurance or credit insurance) is a form of insurance from private companies and government agencies to cover business-to-business transactions, particularly in non-service sectors such as manufacturing and construction. The purpose of this form of insurance is to protect businesses from bad debt.

= History =

As a business practice, trade credit insurance emerged in Western Europe between World War I and World War II. It was often applied to transactions between two countries, and political stability was frequently one of the main factors in terms of risk and repayment. Natural disasters, acts of terrorism and currency devaluations or shortages also play a part in the risk associated with global transactions.

Since the 1990s, the trade credit insurance market has been primarily focused on Western Europe, but it is now present in the Americas, Asia and Eastern Europe as well. In the international marketplace, trade credit insurance is referred to as export credit insurance (or ECI), which sets out to reduce the risk of doing business on a global scale.

= Protecting both parties =

Both trade credit insurance and export credit insurance are meant to protect vendors from non-payment, should the customer require extra time to fulfil any and all financial obligations. The purpose is to give businesses the confidence to trade with each other (or with other businesses) even when there is a degree of risk or uncertainty involved.

Trade credit arrangements are conceptually similar to bridge loans, but instead of applying to property transactions between a financial institution and an individual consumer, trade credit insurance applies to transactions between two businesses, and it allows a business to generate income without having to invest in prepayment.

Like bridge loans, the business covered by a trade credit insurance policy will pay an agreed percentage rate for the duration of the arrangement (which is typically within one year). This rate is based on the business history and creditworthiness of the recipient. Premiums for trade credit insurance are made in monthly instalments.

= Related articles on Designing Buildings Wiki. =

* Bridging loan for property
* Budget.
* Cash flow in construction.
* Construction loan.
* Cost plans.
* Credit check.
* Estate agent fees.
* Equity and loan capital.
* Funding options for building developments.
* Funding prospectus for new developments.
* Future of construction insurance.
* Government to support businesses through Trade Credit Insurance guarantee.

[[Category:Articles_needing_more_work]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]