Export Trade Credit Protection
Finding New or Expanding International Distribution Channels
Companies are continuously searching for new customers, markets and distribution channels. Sometimes the greatest opportunities for growth may lie abroad.
Researching the creditworthiness of foreign customers and then collecting from them is a challenge best left to a professional. That's where CIT can help. Whether you are selling to the Middle East, Europe, Asia or Latin America, CIT has global resources you can rely on for timely credit approvals and efficient collections service.
As one of the leading providers of trade finance and credit protection services, CIT works with exporters to develop flexible solutions that help them establish credit lines for foreign customers. CIT can also serve to manage overseas collections, accounts receivable bookkeeping and reporting where desired.
Exporters Turn to CIT
What are the benefits of CIT's export trade credit protection?
- Eliminate bad debts with 100% coverage and no deductible. CIT will pay 100% of the amount due on all approved shipments, should your customer be unable to pay due to insolvency, political risk (in some cases) or merely default on your outstanding invoice(s).
- Improved cash flow. CIT can collect from your foreign customers, speeding up your days' sales outstanding (DSO) and enhancing cash flow.
- Pre-approved credit lines for each customer supporting terms of sale of up to 180 days or even beyond upon review. Credit lines can be adjusted as needed.
- Access to CIT's credit knowledge and expertise. You benefit from CIT's credit knowledge and expertise as well as CIT's pay history on 330,000 worldwide customer credit files.
- CIT has over 200 foreign financial institution relationships, as well as relationships with other third-party risk mitigation sources.
- Enhanced borrowing power. Frequently, your existing facility excludes or deems foreign accounts receivable as ineligible collateral. With CIT enhancing the value of your accounts receivable, you may be able to increase your borrowing potential through CIT or your existing lender.
- Improved management information. CIT's comprehensive on-line reporting capabilities will give you the customer payment information you need, when you need it.