XL Catlin
| Instrument | Trade Credit Insurance |
|---|---|
| Instrument Type | Insurance |
| Eligible beneficiaries | - Banks – Contractors – Export Credits Agencies (ECAs) – Exporters – Leasing companies – Multinational corporations – Traders |
| Risk types covered | Credit risks : • Borrowing base facilities • Capital relief products on a portfolio basis for banks and financial institutions • Facultative reinsurance • Non-payment by corporate entities, including non-repayment of an advance payment non-delivery of goods • Non-honoring of a letter of credit or loans by private banks • Non-honoring of parental guarantee • Pre-export finance • Reserve based lending • Revolving credit facilities • Trade Credit (single risk/obligor) |
| Maximum amount or cover | Up to $65 million for credit insurance for a single transaction |
| Tenor | Up to 8 years for credit insurance |