Non-Honouring of Letters Credit

Covering international transactions by banks and exporters.

Trade Credit Insurance

Non-Honouring of Letters Credit

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This type of cover is provided on an individual basis or under a facility for confirming banks. 

Insuring non-payment and political perils by an issuing bank, this type of cover is often used as a silent syndication for banks. 

Commercial benefits include limit and capital management, increased lending capabilities and cost-effective risk distribution for the insured.

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