Get your accounts receivable insured against non-payment risk at rates normally available only to companies with substantial trade volume.

For who?

• Singapore-based companies selling goods and services locally or globally.
  
  
• Companies can be manufacturers, traders, or service providers.

• With TCI, you can insure your accounts receivable against non-payment at insurance premium rates normally available only to companies with substantial volume.
  
  
• Sellers, with trade credit insurance, can receive payment from the insurers when buyers default due to bankruptcy and/or extended default.
  
  
• With trades insured against non-payment, sellers:
  
  
  • can offer more competitive credit terms to buyers
    
    
  • have greater confidence when entering into new businesses and markets
    
    
  • have an edge over other suppliers who continue to use letters of credit
    
    
  • have better access to financing as accounts receivable are insured, e.g. bigger credit lines from bankers or better financing rates

• Average premium rates: 0.18 - 0.35% (depending on the portfolio of buyers).
  
  
• You can apply for TCI alone or TCI plus trade financing facilities. You will have to pay the insurance premium and associated administrative fees.
  
  
• If you are applying for TCI alone, 70% of the upfront insurance premium will be pre-funded by IE Singapore via an advance.
  
  

  See:	Features of TCI Programme

• Companies with only marketing or representative offices in Singapore do not qualify.
  
  
• Certain non-payment events are not covered, e.g. trade disputes and buyers whose invoices are already overdue beyond the allowed period.
  
  
• To learn more, please contact the programme manager or participating banks listed on IE Singapore's website.

For more info

Trade Credit Insurance Programme (TCI Programme)