Advance payment protection insurance

Protection against non-delivery due to supplier insolvency for prepaid goods

Paying up front for goods inherently involves some risk. If an advance payment is required, your supplier's insolvency could result in you losing both the goods and the advance payment.

To mitigate this risk, Credit Specialties offers a range of advance payment protection and pre-export finance coverage, up to 95% depending on your policy terms. Each policy is tailored to each specific contract, with premiums calculated to reflect your exposure at each milestone included in your contract.

Our advance payment protection policies are designed with flexibility to support your financing needs. For instance, if your bank funds the advance payment and takes assignment of the contract, we can issue the policy directly to them.

Key features and benefits

• Available for a wide range of transactions, from supply of capital goods to services
• Protects you and your lender from the risk of supplier insolvency
• Up to 95% cover available for periods of up to three years
• Flexible cover levels, with the adaptability to incorporate the involvement of banks as the advance payment provider
• Enables banks and lenders to increase transaction and credit capacity