The MEXA Export Credit Insurance Policy insures an exporter against the risk of not being paid under an export contract or not being able to recover the costs of performing that contract because of certain events which prevent its performance or lead to its termination.
Since two years now, MEXA has signed an agreement with Coface, one of the world leader in credit insurance, to support the exporters in venturing new markets with peace of mind.
In case of bad debt, Coface pays you an indemnity to soften the impact of the loss incurred. Once the payment arrears is ascertained, the experts step in to collect the receivable from your buyer. There are proven collection techniques in order to maximise the chances for successful collection.
As one of its mandates, MEXA has taken the commitment to deliver value-added services to its members mainly in terms of providing qualitative credit information and close monitoring of customers’ portfolio.
Indeed, with its team of experts in the field of export credit insurance, continuous review and analysis of international markets and buyers, MEXA provides feedback on the customer portfolio in a spirit of complementarity and partnership with its adherents.
Overall, MEXA Export credit cover scheme provides:
01 – Comfort for banks thereby encouraging financing. It serves as a collateral for trade financing from banks.
02 – Business strategic information for better client’s selection and negotiation.
03 – Mexa Export Credit Cover is an effective Debtors’ Risk Management tool; it provides in-depth analysis of the financial strength of companies and anticipate payment arrears.
04 – Protect your bottom line and support business growth.
05 – Access to an online database of more than 50 million worldwide monitored companies.We hereby highly encourage the export community to avail of the Export Credit Cover services to protect their exports against risks of non-payment.
