Coface has implemented a Transparency Charter to improve dialogue and maintain confidence between companies throughout the world. This Charter is available to the 130,000 Coface clients and millions of these companies’ own customers. By registering, they will access their Coface credit opinion and score and its evolution, free of charge; and they will be able to confidentially correct or complete Coface’s information on their company.
Inter-company credit is essential for economies to function properly
Companies are the biggest bankers for their client companies: of every £5 of short-term credit granted to companies, £1 comes from banks and £4 from suppliers. All suppliers need to decide who they grant credit to (and how much) and who they ask for cash payment. They can either decide this alone or with help from a partner, such as a business information provider, a credit insurer or a financing company.
Coface partners with companies in managing their inter-company credit efficiently in 67 countries
Every day, 130,000 companies call on Coface’s expertise across our business lines (Credit Insurance, Business Information and Receivables Management) for the purposes of managing their inter-company credit. This may involve accessing a Coface score ("what is the probability of the company honouring all its payment commitments in the coming 12 months?") or a Coface credit opinion ("based on the information available, what is a reasonable amount of credit to extend?").
Coface is well aware of its responsibilities for maintaining confidence between all trading companies. To this end, we have implemented a Transparency Charter that is open to all companies worldwide, whether they work with Coface or with a Coface client. In so doing, Coface is helping all companies to manage a vital asset : an image of financial solidity.
If you wish to submit financial information on your company which will help us evaluate its credit opinion and score, please complete and submit the Transparency Form.
Please note that this is to be used for Audited or Certified Accounts only. If you wish to submit Management Accounts please ensure that you have undertaken the process of submission via CreditPal - the weblink can be found on the CreditPal page. Then please complete the Transparency Form and tick the box under Management Accounts before emailing it back to Coface.
Download the transparency form
Companies wishing to benefit from the Charter should send a message to transparency@cofaceuk.com
