UK businesses should tighten their credit management procedures to address the risk posed by late-paying customers says Coface UK as it reveals that late payment has overtaken insolvency as the major reason for UK claims notifications in the first nine months of 2013.
As part of a worldwide product roll-out, Coface in the UK & Ireland announces the launch of TopLiner, supplementary credit insurance cover, belonging within the framework of its ‘Globalliance’ standard contract where initial guarantees provided are lower than the requested amount or declined.
TopLiner offers a flexible, transparent, quick solution for covering customer risk whilst honouring the single main contract in place. Separate from traditional underwriting and based on a price adapted to the risk, the TopLiner concept allows companies to make an objective risk-taking decision.
Brazil can no longer depend on consumption-fuelled growth and must address the structural problems that led to stagflation and recent social discontent, according to Coface, the experts in assessing country risk. Further to the recent extensive coverage in the national media on these recent events in Brazil, Coface’s latest comprehensive Panorama Report looks at the difficulties faced by the world’s second largest emerging economy but finds some reasons for optimism for UK exporters.
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