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Facilitating Growth for UAE Banks and Exporters
For UAE exporters, offering competitive payment terms to foreign buyers can open doors to new markets. However, financing these transactions often comes with risks. Etihad Credit Insurance’s Buyer Credit Insurance provides a comprehensive solution that benefits exporters, banks, and buyers by reducing financial risks and ensuring smooth transactions.
What is Buyer Credit Insurance?
Buyer Credit Insurance covers loans provided by UAE banks to foreign buyers for the purchase of UAE-origin goods or services. This solution protects banks from non-payment risks, making it easier for exporters to offer extended payment terms while ensuring timely payments. By transferring the risk to ECI, banks can confidently support their clients and expand their lending capabilities.
Key Benefits of Buyer Credit Insurance:
- Competitive Advantage: Enables exporters to offer financing solutions that attract international buyers.
- Secure Payments: Ensures exporters are paid on time, directly from the loan disbursement.
- Risk Mitigation: Protects banks against non-payment risks, enabling them to lend with confidence.
- Access New Markets: Encourages banks to expand their reach by supporting buyers in new geographies.
- Capital Relief: Reduces the bank’s capital allocation requirements, enhancing lending capacity.
Why Your Business Needs It
Buyer Credit Insurance is essential for exporters and banks looking to foster growth while minimizing risks. By offering extended payment terms with the assurance of secure transactions, businesses can confidently enter new markets and strengthen their global presence.
Conclusion
Etihad Credit Insurance’s Buyer Credit Insurance is the ideal solution for banks and exporters aiming to expand globally while protecting their financial interests. Learn more about how this product can support your business’s growth.