Commercial Collections Blog

Export Credit Insurance

Export credit insurance for exporting firms provides protection for nonpayment or refusal of shipments by customers abroad. It can also protect exporters from customers who become insolvent.  For firms new to exporting, this insurance  allows firms to establish themselves in an overseas market by mitigating certain risks.  This permits the firm to confidently offer more competitive credit terms for potential buyers.

Export Credit Insurance is a non-performing letter of credit used as assurance of buyer payment in international transactions. If the seller does not receive payment on time, the letter of credit is cashed on demand by the seller. This letter can be canceled when the terns of the contract have been satisfied.

Debt Collection News

  • UMC Reports First Quarter 2018 Results

    April 25, 2018
    The basic weighted average number of outstanding shares in 1Q18 was 12,202,773,078, compared with 12,208,239,978 shares in 4Q17 and 12,208,239,978 shares ... Sales & Marketing declined 3.7% to NT$0.91 billion and R&D expense fell 5.4% to NT$2.92 billion, or 7.8% of net operating revenues.
  • Manhattan Associates Reports First Quarter 2018 Performance

    April 24, 2018
    Our transition to cloud continues as planned and while license revenue was soft due to some sales cycles extending, we performed well across all other revenue categories and our sales pipelines for both cloud ... Days Sales Outstanding was 59 days at both March 31, 2018, and December 31, 2017.
  • Manhattan Associates, Inc. (MANH) Tops Q1 EPS by 6c, Slight Beat on Revenues; FY18 EPS ...

    April 24, 2018
    Adjusted operating income, a non-GAAP measure, was $32.3 million in Q1 2018, compared to $46.3 million in Q1 2017. Cash flow from operations was $51.3 million in Q1 2018, compared to $61.3 million in Q1 2017. Days Sales Outstanding was 59 days at both March 31, 2018, and December 31, 2017 ...
  • DataServ Signs World Wide Technology As Newest Client

    April 24, 2018
    In addition, DataServ will apply Direct Ship automation, which allows distributors to take advantage of the benefits of direct shipping from a manufacturer to an end user without experiencing the pain of routing invoices through multiple channels and extended Days Sales Outstanding. "We are pleased to ...