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1. SINOSURE AND EXPORT CREDIT INSURANCE
4. 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)
7. D.Nationwide Network
9. 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
11. A.Export Credit Insurance
B.Underwriting Risks
2.Export Credit Insurance and Its underwriting risks
12. A.Export Credit Insurance Export Credit Insurance provides insured exporters guarantee of trade receivables when they export goods, service,technology and capital
13. B.Underwriting risks Commercial risks----Buyer risks
Bankruptcy or inability
to pay
Default payment
Repudiation of goods
14. 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
B.Underwriting risks
15. 3.Major Functions of Export Credit Insurance
16. 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
23.
25. 5?Who are Applicable
All Enterprises with Foreign Trade Rights in China
Solely Foreign Funded Firms
Joint Ventures
State Owned Enterprises
Private Companies