Advantages of Credit Insurance
Credit insurance is developed as a flexible and high-quality integral financial instrument of protection against payment default risk of the buyers, and for many business operators it is suitable and superior to other virtually equivalent or imperfect substitutes that serve similar financial needs or protection, but might sometimes also be complementary, for example, real and other personal securities as well as some alternative capital market instruments, that is credit default swaps (CDS) and asset-backed commercial papers (ABCP). Credit insurance fosters trade and enables the companies selling goods and/or rendering services:
• to create additional purchasing power with the safe crediting of the buyers ...
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