@rating Credit Opinions
(Credit Opinion is available in Hong Kong and Taiwan)
Step into Every Trade with Confidence
Monitoring your customers can be challenging, especially when they are located in a different country. But with Coface, it is really easy – we have the local experts to do the job for you. Updates on first signs of financial problems and other important changes support you in taking the right decisions well in advance.
CUSTOMISED CREDIT OPINIONS
With the customised credit opinion you will receive an assessment on a specific amount that you request. We provide an expert evaluation of the risks of non-payment associated with your selected customers based on our analysis.
We use our credit opinion to guide our credit insurance options and it's in our mutual interest that we get it right.
Parallel to this initial check we start the monitoring process and inform you about changes up to 18 criteria. We make sure you do not miss deterioration or any other important change, enabling you to make informed decisions on time.
@RATING CREDIT OPINION
A SIMPLE SCALE IS USED TO REFLECT THE ACCEPTABLE MAXIMUM LEVEL OF EXPOSURE ON A SINGLE TRANSACTION:Classified within a 7 credit limit band to supplement your credit management strategy.
GOOD REASONS TO CHOOSE COFACE
- A quick online indication of a company’s creditworthiness
- Suggests the amount of credit to extend
- Uses a global scale, so a @@@ in Germany is the same as it is in Brazil
- Based on Coface underwriting expertise
Delivering a Valuable Service
A Taiwanese freight forwarder that specializes in shipments to Latin America has many long-standing customers as well those that inquire about one-time shipments. In order to speed up the decision regarding whether to extend credit to the unknown customers, the freight forwarder uses Coface Credit Opinions to provide an indication of the amount of credit to extend.
For the long-time customers, the freight forwarder uses Monitored Credit Opinions as a way to keep tabs on any changes in creditworthiness. All portfolio management is handled online through the Cofanet system.
For larger limits, , the freight forwarder uses Customized Credit Opinions which are monitored and reviewed by Coface risk underwriters as if they were for insured receivables.