Special Products

The Atradius Special Products Unit provides tailored solutions outside the framework of our whole turnover credit insurance policies, to cover trade, trade financings and political risks.

The Special Products Unit provides the best of both worlds for our policyholders. It enables your business to benefit from our expertise and data intelligence as a world leading credit insurer, as well as the enhanced flexibility and innovation of our political risk market products.

Our Special Products policy wording is tailored to meet the needs of individual risks and to respond to the evolving economic and geopolitical environment. They address the increasing demand for non-cancellable credit limits, single situations and structured trade financings across the globe.

We work closely with our policyholders and their brokers to ensure that our solutions work effectively with their in-house risk analysis and credit management capabilities.

 

 

Airplane flying over containers

 

 

Making a difference with a Single Situation cover

When you have specifically large contracts or business relationships with key counterparts, you may need an insurance safety net to provide some of the following cover:

  • Straight Non-Payment cover for:
    • Single large contracts with short term revolving credit terms
    • Largest buyers, providing high risk concentration
    • Top-up complement to your multi-buyers credit insurance
  • Contract Frustration cover for multi-year projects covering:
  • Pre-shipment
  • Non-payment risks including the non-honouring of Letters of Credit

The Special Products Unit provides the best of both worlds for our policy holders.

Olivier David, Atradius
Olivier David
Head of Special Products, Atradius

Protecting against Whole Turnover Excess of Loss cover

You may have strong credit management but still need to protect your entire turnover against an unforeseeable catastrophic event. When designing cover for such eventualities we can help with:

  • Significant self-retained excess layers
  • Discretionary credit limits
  • Non-cancellable limits

 

Providing additional trade finance support

We protect the various ways financial institutions support trade, including:

  • Receivables purchase facilities
  • Reserve base lending
  • Borrowing base financing
  • Warehouse finance
  • Buyer credit
  • Leasing
  • Non-honouring of Letters of Credit, Standby Letters of Credit and Import Letters of Credit
  • Structured financing

 

Protecting against the risk of non-delivery of pre-paid goods

Paying up front for any goods will include an element of risk, one that may be unavoidable in certain jurisdictions or situations. To help protect you against this specific risk we have developed a range of advance payment cover and pre-export finance cover.

 

Covering the Unfair Calling of Bonds

There may be situations where your bond is at risk. This can include a customer who makes an unfair call, or a political situation outside of your control. Our Special Products are designed to insure you against such eventualities.

 

Protecting you against the risk of confiscation of overseas assets

In some geographies, political events can be a threat to your local investment and activities. Our Special Products are designed to help protect you against:

  • Confiscation
  • Expropriation
  • Nationalisation
  • Deprivation
  • Political violence damage

 

The Special Products Unit team

We provide tailored Special Product solutions to customers worldwide. Our Special Products Unit team works out of offices based in: London, Paris, Amsterdam, Cologne, New York – Baltimore and Singapore.

Disclaimer, no warranties and exclusion of liability

Atradius disclaims any representations or warranties of any kind, whether expressed or implied, including but not limited to implied warranties of merchantability and fitness for a particular purpose of (INCLUDING BUT NOT LIMITED TO) any information contained on or provided via this Web Site and/or any service described or promoted on this Web Site, including warranties with respect to infringement of any patent, copyright, or other rights of third parties. Atradius shall not be liable for any injury, loss, damage or expense arising out of any access to or use of this Web Site or any site linked to or from this Web Site, including, without limitation, any loss of profit, indirect, incidental or consequential loss. Atradius furthermore shall not be liable for persons, property damage or especially direct, indirect, incidental, consequential, immediate or subsequent (pecuniary) loss. While Atradius has used reasonable efforts in maintaining a virus-free Web Site, it declines any liability for persons, property damage or especially direct, indirect, incidental, consequential, immediate or subsequent (pecuniary) loss which may result from transmission or downloading of computer viruses. Atradius cannot be held liable for hardware damage, loss of data, alteration of data, or downtime.