Coface : for trade
Coface provides a comprehensive line of credit insurance to protect companies against potential non-payment by their customers, with cover provided in 195 countries.
GROW YOUR BUSINESS WITH COFACE**
WE CAN'T PREDICT THE FUTURE, BUT WE CAN MINIMIZE THE CREDIT RISK.
When you sell on credit, bad debt may be destructive when it comes to cash flows.
COFACE, through its insurance company partners in Malaysia, offers simple and flexible credit insurance products that are tailored to fit your size, sector and business ambitions.
Get covered against bad debt, late payments, political risk, pre-shipment risks and more.
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BN OF TRADE RECEIVABLES COVERED BY US 2021
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CUSTOMERS
WORLDWIDE
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EXPERTS TO SUPPORT OUR CLIENTS NEEDS
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COUNTRIES WITH DIRECT OR INDIRECT PRESENCE
WHAT IS A CREDIT INSURANCE?
40% of a company’s assets are typically in the form of its outstanding sales ledger. A company raises invoice that is due in 30 or 60 days from now. However, what happens if the customer does not pay, if it closes down? If a government suddenly forbids the use of Foreign exchange to pay for imported goods?
Trade Credit Insurance is a credit risk management tool that helps companies mitigate the risk of non-payment of invoices by transferring a portion of the risk to the insurance market.
Whether you want to expand your business in domestic or international markets, our Experts located in 64+ countries will help you make the right decisions!
WHAT IS THE IMPACT OF UNPAID INVOICES?
1 Business in 4 goes bankrupt because of unpaid invoices! The simulation
below shows the additional sales your business must generate to compensate for losses caused by
non-payment.
A bad debt reserve is not an answer and will not put cash back in your hands!
Move the sliders to change the values according to your company:
100 000 MYR
For a debt of 10 000 MYR,
your company
needs to generate additional turnover of 100 000 MYR if your operating margin
is 10%.
TRADING DOMESTICALLY
Every time you offer credit to your customers, your company is exposed to the risk of non-payment. Trading on home soil may feel less risky, but in challenging times, any business can default on payment. All it takes is an issue in your supply chain to stop cash flowing.
Trade credit risk insurance can ensure your business stays afloat in difficult or uncertain times. Or when multiple or major clients default on debts. A bad debt reserve is not an answer and will not put cash back in your hands!
A trade credit insurance offers security and confidence against the following types of commercial risk:
- Insolvency
- Payment default
When you are protected with trade credit insurance, you can:
- Monitor the financial health of your customers
- Create a more efficient management system for outstanding invoices
- Offer more competitive credit and payment terms
- Improve your banking relationship and access to finance.
Offer you a piece of mind, knowing that the cost of potential customer failure is already covered.
EXPORT TRADE AND POLITICAL RISK
International trade can often carry greater export credit risks, frequently requiring more processes where stocks can be damaged and services can be slowed down. Export credit insurance with political risk cover is the safest option when an overseas buyer wishes to trade on an open account or Documentary Collection basis. Coface international networks makes dealing with different legal systems, defaults and currencies much simpler and safer.
Export credit and political risk cover will help you with non-payments due to :
- exposure to political force majeure events, including acts of terrorism and war and other political violence
- a government suddenly forbids the use of Foreign exchange to pay for imported good
At Coface, we are supporting international trade since 1946. Our offer for export trade is available in more 100+ countries. Our international network combined with business information on over 200 million companies means you can be sure that wherever you trade, we will know the challenges you are facing.
CONTACT US AT:
COFACE SERVICES (MALAYSIA) SDN BHD - CO. REGISTRATION NO. 200101011398 (547154P)
Suite 26-02, Level 26, Q Sentral, 2A, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia
T. +60 3 2781 2400 - marketing_malaysia@coface.com
Commercial Manager Mr. Jeff Chong
T. +6012 366 3788
ABOUT COFACE
With over 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, Single Risk insurance, and Information Services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients in 100 countries build successful, growing, and dynamic businesses. In 2021, Coface employed ~4,538 people and registered a turnover of EUR1.57 billion.
[**]In Malaysia, trade credit insurance and all related services are provided by the partners of Coface which are insurance companies duly licensed by Bank Negara, namely, Generali Insurance Malaysia Berhad Bhd, Berjaya Sompo Insurance Bhd.
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Andreas Stokstad
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Anna M. Aanensen