Trade Finance

Credit Protection

While you focus on the strategy and operation of your company, MCB gives you peace of mind when exporting your goods and services by providing cover on your accounts receivables through Credit Protection under the Atradius Scheme.

What Credit Protection can bring:

  • Protects you against risk of default by buyers.
  • Provides information on buyers' credit worthiness and solvency.
  • Helps to mitigate risk of bad debts and therefore minimise charge for bad debts.
  • Looks after your largest asset – your accounts receivables.
  • Enhances control on your business.

Why Credit Protection?

If you agree with one of the statements below, then you should consider joining the scheme:
  • Over the recent years there has been an increasing tendency to shift to Open A/C terms.
  • If you are working on small profit margins, one bad debt can wipe out months, or even years of work.
  • You never know what awaits you around the corner, even if you are trading with your "Blue Chip" customers.
  • One of your largest assets needs protection.

How does it work?

For more flexibility, we offer you two options:
Option 1
Use Credit Protection on an invoice-by-invoice basis via our Trade Finance Business Unit
Option 2
Use Credit Protection on a global basis (tailor-made packages)

Steps for Option 1:

  • Contact your Account Executive to obtain an Export Line
  • Ask for an individual Cover Line on your buyers
  • Discount your invoices at our Trade Finance Business Unit

Steps for Option 2:

  • Contact your Account Executive with your debtors list and their outstanding amounts (or a selection of your debtors list)
  • Once approved by Atradius, you will receive details of individual Cover Lines on your buyers
  • You will apply adjustment to these individuals 'cover lines' on a regular basis, depending on the evolution of the outstanding debts due from the buyers.

Who can benefit from the Credit Protection Scheme?

From start-up to multi-national:
  • Any export-oriented service provider.
  • Any exporter of goods.