What is the Best Way to Contact Credit Bureaus?
The Hong Kong Export Credit Insurance Corporation is a non-profit semi-official statutory agency funded and guaranteed by the Hong Kong Government. Founded in 1966. Responsible for providing general commercial insurance companies for Hong Kong exporters who are unwilling to underwrite risk protection to ensure that Hong Kong exporters export goods or services by credit and will not suffer financial losses due to the inability of overseas buyers to repay loans. The Export Credit Insurance Bureau s paid-up capital is HK $ 20 million. In order to ensure that the bureau can repay all payables and bear greater risks, the Hong Kong government increased the government guarantee from HK $ 5 billion to HK $ 6 billion in 1989. Export Credit Insurance Bureau's coverage: First, it provides compensation protection, which can reach 90% of the insured's losses; second, it provides credit advice to the insured, and investigates the buyer's creditworthiness at the request of the insured, or pays the relevant transaction Provide advice to the insured; the third is to advise the insured to take measures to avoid or reduce losses when there is a problem with the insured's collection. The Bureau adheres to the business principle of self-financing, is a member of the International Federation of Credit Insurance Industry, and has an extensive international network of contacts. [1]
Hong Kong Export Credit Insurance Corporation
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- Chinese name
- Hong Kong Export Credit Insurance Corporation
- Established
- 1966
- district belong to
- Hong Kong
- Function
- Promote Hong Kong's export trade
- The Hong Kong Export Credit Insurance Corporation is a non-profit semi-official statutory agency funded and guaranteed by the Hong Kong Government. Founded in 1966. Responsible for providing general commercial insurance companies for Hong Kong exporters who are unwilling to underwrite risk protection to ensure that Hong Kong exporters export goods or services by credit and will not suffer financial losses due to the inability of overseas buyers to repay loans. The Export Credit Insurance Bureau s paid-up capital is HK $ 20 million. In order to ensure that the bureau can repay all payables and bear greater risks, the Hong Kong government increased the government guarantee from HK $ 5 billion to HK $ 6 billion in 1989. Export Credit Insurance Bureau's coverage: First, it provides compensation protection, which can reach 90% of the insured's losses; second, it provides credit advice to the insured, and investigates the buyer's creditworthiness at the request of the insured, or pays the relevant transaction Provide advice to the insured; the third is to advise the insured to take measures to avoid or reduce losses when there is a problem with the insured's collection. The Bureau adheres to the business principle of self-financing, is a member of the International Federation of Credit Insurance Industry, and has an extensive international network of contacts. [1]
- The Hong Kong Export Credit Insurance Corporation was established in 1966 to promote Hong Kong's export trade by protecting exporters from accidental and unguaranteable losses. The insurance bureau guarantees all forms of short-term credit and its payment methods. The longest term of the insured credit is within 180 days after delivery. However, for the export of capital goods or semi-capital goods, it is responsible for guaranteeing medium and long-term credit with a payment period of 5 years or more. The Insurance Bureau is also responsible for investigating the creditworthiness of overseas customers and keeping Hong Kong exporters informed of international economic developments. The insurance agency's obligations are guaranteed by the government.