Specific Insured Debt Purchase

Stephen A. Jones ()
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Stephen A. Jones: AXS Trade Finance Ltd.

Chapter 17 in The Trade and Receivables Finance Companion, 2019, pp 277-293 from Springer

Abstract: Abstract In this chapter, we look at how receivables finance was used to fund the lengthy credit terms provided to a buyer in an emerging market country on a specific contract. The use of supporting credit insurance is described and how a facility was structured to accommodate the needs of the seller for the provision of without recourse debt purchase at the time of shipment of the goods. This case study serves to highlight the importance of an innovative approach, legal opinion and authentication of the documented agreements and debt instruments against which finance and debt purchase are to be made. Nothing can be taken for granted. There is no substitute for asking the right questions, such as ‘what could go wrong’, due diligence and a methodical approach to structuring the solution.

Keywords: Agency agreement; Inchoate bills of exchange; Credit insurance; Insurer insolvency; Joint insured; Limited recourse finance; Loss payee; Payment delay; Performance risk; Political risk; Uninsured risk; Without recourse (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-25139-0_17

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DOI: 10.1007/978-3-030-25139-0_17

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