Trade Credit Insurance Briefing: Protect against risk of non-payment for your exports


Morning Briefing: Trade Credit Insurance

WHEN: Fri, Jun 1st 2012 8:00 am to 10:00 am
WHERE: New World Saigon Hotel, 76 Le Lai Street, District 1, Ho Chi Minh City

Click here to Register Online

Sponsored by

Event Description

In 2011, total exports from Vietnam to the U.S. were approximately US$ 17.5 billion and are expected to grow significantly in 2012 and beyond. Trade Credit Insurance helps exporters or financial institutions of all types, whether they are a large multinational or a first-time exporter, protect their assets and facilitate a smooth trading transaction in case of unforeseen commercial or political risks.

Knowing more about Trade Credit Insurance and how it can help mitigate your company’s risk and facilitate your commercial transactions to ensure smooth receivable flows are just some of benefits and reasons why you should attend this important and informative session sponsored by ACE Insurance Company.

Agenda

08:00Registration and Refreshments
08:30Welcome and Introduction: AmCham
08:35Trade Credit Insurance: …
.Presentation & Q&A
9:30Networking
10:00Event Ends

Cost

Member: 600,000 vndNon-Member: 750,000 vnd

Click here to Register Online

WHAT IS TRADE CREDIT INSURANCE?

Trade Credit Insurance is an insurance product that protects against the risk of non-payment of a trade Account Receivable. Trade Credit Insurance policies indemnify the policyholder for the amount of the gross invoice value for goods or services that are unpaid due to commercial or political risks. Policies are written on a per-project or 12-month, renewable basis, covering all goods or services shipped or delivered to customers during the policy year. An insurance premium is charged based on the assessment of the risk and the risk transfer to the insurance company. There is usually some risk-sharing in the form of a small Deductible, Self-Insured Retention or Coinsurance.

In 2011, total exports from Vietnam to the U.S. were approximately US$ 17.5 billion and are expected to grow significantly in 2012 and beyond. Trade Credit Insurance helps exporters or financial institutions of all types, whether they are a large multinational or a first-time exporter, protect their assets and facilitate a smooth trading transaction in case of unforeseen commercial or political risks.

Knowing more about Trade Credit Insurance and how it can help mitigate your company’s risk and facilitate your commercial transactions to ensure smooth receivable flows are just some of benefits and reasons why you should attend this important and informative session sponsored by ACE Insurance Company.

INSURABLE RISKS

1.) Commercial Risks
Bankruptcy or Insolvency of the Buyers
Protracted Default (past due customer)

2.) Political Risks
Failure to Pay by Government Buyers
Currency Inconvertibility / Transfer Risk
Hostile Actions by governments that prohibit payment

WHY BUY TRADE CREDIT INSURANCE?

Trade Credit Insurance has several important benefits including risk mitigation, increased sales, and attractive financing capabilities.

Risk Mitigation:Protects against non-payment on trade receivables
Increase Sales:More competitive selling terms to buyers
Financing:re: working capital and/or asset based borrowing
Collateralfor creative financial solutions including:
.Non-recourse “Off Balance Sheet” financing
.Revenue recognition strategies
.Receivable securitization

About the Speaker • Julian Hudson

Julian Hudson, Trade Credit Insurance, ACE InsuranMr. Julian Hudson
Regional Manager, Political Risk & Credit
ACE Asia Pacific

Julian has seventeen (17) years experience in Trade Credit, Structured Trade Credit and Political Risk Insurance. He commenced his career as an underwriter with Trade Indemnity, Plc (now Euler Group) in London before moving to Asia in 1999 to assume a regional broking role with Jardine Lloyd Thompson in both Singapore and Hong Kong. Julian relocated to Singapore in January, 2007 where he joined ACE Asia Pacific as the Regional Manager for Political Risk and Credit business and established the Asia Pacific practice for ACE Insurance.

Julian’s experience ranges from short-term trade receivables transactions to medium-term structured trade credit for commodity transactions through to sovereign and sub-sovereign non-payment risk, and protecting debt and equity flows into a variety of projects in the natural resource, power, oil and gas, and infrastructure sectors.