To help enterprises out credit insurance to weather the financial storm into a "safe haven"

With the U.S. financial crisis spread in the international market buyers default, bankruptcy and refused to account the risk of significantly increased the risk of export enterprises to become China's foreign trade export in the face of the largest external risk, security has become export export enterprises Worried. Many enterprises have adopted credit insurance to avoid the risk of foreign trade, credit insurance business to weather the financial storm to become a "safe haven."

Credit insurance to help businesses ride out the storm

In the export business is facing an increased risk of credit and settlement, the ECIC China to take measures to increase the number of foreign economic relations and trade and export business support. China-related security letter to the person in charge, the company set up to track the financial crisis in research institutions, European and American buyers stepped up monitoring of credit risk, and there will be a credit risk changes the status of foreign buyers included in the "black list" to increase The overseas-to-business accounts receivable tracking and investigation on a regular basis, and around the world through credit channel, in time for the vast number of overseas importers to exporters to investigate the credit status and to provide professional credit report.

It is reported that January-October this year, covered ECIC China amounted to 50,810,000,000 U.S. dollars, up 64.5 percent, of which short-term export credit insurance to support exports amounted to 29,820,000,000 U.S. dollars, up 33%. In addition, China also ECIC rapid settlement of claims, timely compensation for loss of business receivables. January to October this year, China has the ECIC in a timely manner to the corporate payments 150,000,000 U.S. dollars, up 174 percent, of which short-term risk to pay compensation 59,932,000 U.S. dollars, up 63.5 percent. At the same time, the use of credit insurance companies under the "facilitating financing", with 98 banks to cooperate in providing financing to facilitate the cumulative over 300,000,000,000 yuan, to a certain extent, resolved the issue of corporate finance, and effective protection of the safety of bank credit .

In addition, the company is also actively cooperate with the countries of expanding domestic demand to promote economic growth stable and rapid measures to guide enterprises to expand domestic sales market share.

To guard against the risk of foreign trade system should speed up

Although the credit insurance business in support of exports, protection of the enormous role of financial security, but it is worrying that the current credit insurance to support exports of China's exports accounted for only about 3% of the total, there are more enterprises foreign exchange risk could not be Security. In the current economic situation, as soon as possible, enterprises should take effective risk prevention measures to avoid or reduce to the greatest extent possible economic losses.

Experts suggested that enterprises should use professional credit insurance institutions to guard against the risk of shift and at the same time, should further strengthen the management of accounts receivable, the implementation of the strategy of market diversification.

Experts emphasized that the government should speed up the establishment-oriented and policy-oriented credit insurance agencies to work closely with the foreign trade system and risk prevention, closely tracking the development of the situation, the risk of collecting information, conducting risk prevention knowledge and training, the establishment of country risk, industry risk release mechanism Report bad buyer, the risk of systemic guard against changes in foreign exchange to guard against the risk of further expansion to ensure balanced growth of foreign trade. State enterprises can cost of insurance, credit costs and the cost of financing to support the introduction of the policy. Encourage enterprises to actively cover the international export credit insurance, the use of Chinese ECIC global credit channels to choose buyers, to avoid the risk of export.