Extra Credit Newsletter - Are Letters of Credit Hurting Your Business?

ExtraCredit
Business news for the finance professional

The following newsletter contains information to benefit credit and risk management professionals, and is being sent to you as a client or contact of Trade Risk Group, a leading specialty broker for credit insurance. For comments, to unsubscribe, or to find out more about credit insurance, please contact gene.ferraiolo@traderiskgroup.com

Are letters of credit hurting your business?
If you are exporting and insisting on letters of credit as payment, you are probably losing business to your competitors who are offering open terms. If this is the case, you should look into export credit insurance as an alternative to letters of credit. Export credit insurance enables you to tap into the credit expertise of a global underwriter to help you establish credit, protects your receivables, assists you with collections - all for a fee that is probably less than the fee for L/C's, and without the administrative headache.

To find out more about how credit insurance can help you safely expand your export business, give us a call.