SINOSURE AND EXPORTCREDIT INSURANCE.pptVIP

SINOSURE AND EXPORT CREDIT INSURANCE Founded on December 18, 2001 Only Officially supported Export Credit Insurance Agency in China,like US EXIM Bank, but not provide loan Wholly Owned by the Chinese Government (Ministry of Finance) D.Nationwide Network E.Overseas Network Representative office in the U.K. Member of International Union of Credit and Investment Insurers Close cooperation with other Export Credit Agencies,including Euler-Hermes,Coface,US EXIM Bank 28 credit rating channels worldwide 2.Export Credit Insurance and Its underwriting risks A.Export Credit Insurance B.Underwriting Risks A.Export Credit Insurance Export Credit Insurance provides insured exporters guarantee of trade receivables when they export goods, service,technology and capital B.Underwriting risks Commercial risks----Buyer risks ? Bankruptcy or inability to pay ? Default payment ? Repudiation of goods B.Underwriting risks Political risks----Country risks ? Restrictions or prohibitions of foreign exchange payment ? Restrictions or prohibitions on import transactions ? Cancellation of an import license ? Protracted payment by government ? War,revolution or similar events 3.Major Functions of Export Credit Insurance To help exporters adopt flexible payment terms and expand export To provide finance facilities To manage account receivables and set up risk management mechanism To make compensation and guarantee the stability of business operations 5、Who are Applicable All Enterprises with Foreign Trade Rights in China Solely Foreign Funded Firms Joint Ventures State Owned Enterprises Private Companies September 15, 2005 Session Outline 1、 Sinosure Profile 2 、Export Credit Insurance and Its Underwriting Risks 3 、Major Functions of Export Credit Insurance 4 、Business Scope and Products 5 、Who are Applicable 1、 Sinosure Profile A.Introduction B.Characteristics C.Mission D.Nationwide Network E.Overseas Network F.Cov