T +43 1 53127-2600
exportservices@oekb.at
Private credit insurance covers exporting companies against a possible default by a foreign customer.
Your situation
You are an Austrian company and have delivered goods to a foreign customer, but your customer has not paid. You can cover your company against this possibility, in advance, through OeKB or its subsidiaries.
Our service: Covering your receivables!
In the case of export transactions for which default insurance has been taken out, OeKB or ACREDIA Versicherung AG, a 51 percent subsidiary of OeKB, will indemnify you in the event of payment defaults.
The enforcement of claims can be a long, drawn-out process, particularly in difficult markets with different legal systems. This is where we step in to ensure that you get your money quickly.
Small bad debts, big consequences:
An unpaid invoice of 12,000 EUR doesn’t look especially bad at first glance. But if you’re aiming for your business to generate a margin of three percent, you’ll need an additional 400,000 EUR in sales to cover the loss.
Private or public credit insurance?
Whether OeKB or ACREDIA insures your claims depends on a number of criteria.
| OeKB | ACREDIA |
|---|---|
| Mainly individual risks with long terms, also large outstanding amounts |
Mainly revolving risks, individual risks with a maximum term of five years |
| Transactions in countries with a high country risk |
Mainly Transactions in the European Union and OECD countries |
| Preference for capital goods | Preference for consumer goods |
Other private credit insurance companies operating in Austria are Atradius, Coface and Credendo Single Risk for example.
Your benefits:
Security in difficult markets as well.
Credit insurance gives you quick and safe access to your money.
A dedicated adviser takes care of everything for you.
Your path to private credit insurance
- Contact our Export Services team.
- We develop a tailor-made product for you.
- You receive the agreed coverage from the moment you take out the insurance.
Any more questions?
Client Advisory Export Services
Website of ACREDIA
Contact us!
Client Advisory Export Services
T +43 1 53127-2600
ACREDIA Versicherung AG
T +43 5 01 02 - 0
