MORE PROTECTION,

MORE FLEXIBILITY FOR

YOUR NEXT LEVEL OF
GROWTH
 COFACE AT A GLANCE

A LEADING CREDIT SOLID FINANCIAL LONG STANDING GLOBAL LEADER BROAD GEOGRAPHICAL
INSURER STRUCTURE EXPERIENCED FOR SAFER TRADE FOOTPRINT
€1,355 M revenues in 2017 €1,803 M1 in capital in 2017 Doing business since 1946 ~€493 bn of capacity2 4,100 employees,
available for B2B credit 70 nationalities
89% credit insurance AA- by Fitch / A2 by Moody’s, Strong market awareness
standalone IFS of Coface - a historic brand 50,000 policies underwritten 330 credit analysts
11% complementary
in 100 countries
services 86.7% net combined ratio Renowned macro Direct presence in 66 countries
in 2017 & micro-economic expertise Risk coverage in over
Largest footprint vs. top global
200 countries
competitors

…WITH THE AMBITION TO BECOME

THE MOST AGILE TRADE CREDIT PARTNER IN THE INDUSTRY

1 Reported total equity (IFRS)

2 Insured receivables (theoretical maximum exposure under the group’s insurance policies) at end-2015
COFACE, THE MOST AGILE GLOBAL TRADE CREDIT PARTNER IN THE INDUSTRY
 GLOBAL SOLUTIONS, LOCAL SERVICES

NORTH AMERICA CENTRAL EUROPE ASIA PACIFIC MEDITERRANEAN AND AFRICA

Canada Austria Lithuania Australia New Zealand Albania Lebanon
USA Bulgaria Poland Bangladesh Pakistan Algeria Libya
Croatia Romania Brunei Philippines Bahrain Mali
Czech Republic Russia China Singapore Benin Malta
LATIN AMERICA
Estonia Serbia Hong Kong South Korea Burkina Faso Mauritania
Argentina Panama Hungary Slovakia India Taiwan Cameroon Morocco
Brazil Paraguay Kazakhstan Slovenia Indonesia Thailand Chad Niger
Chile Peru Latvia Japan Vietnam Cyprus Nigeria
Colombia Uruguay Malaysia Djibouti Portugal
Ecuador Venezuela Egypt Qatar
Mexico Gabon Senegal
Gambia South Africa
Ghana Saudi Arabia
WESTERN EUROPE Greece Spain
Belgium Luxembourg Guinea Tunisia
France Switzerland Israel Turkey
Ireland United Kingdom Italy Uganda
Ivory Coast United Arab Emirates
Jordan Yemen
NORTHERN EUROPE Kuwait
Denmark Lichtenstein
Finland Netherlands
Germany Norway
COFACE is present DIRECTLY, or through its PARTNERS, in 100
Iceland Sweden
COUNTRIES, providing support for customers in more than 200
COUNTRIES. The Group uses its OWN INTERNATIONAL NETWORK,
which is complemented by the “COFACE PARTNER” NETWORK
COFACE, THE MOST AGILE GLOBAL TRADE CREDIT PARTNER IN THE INDUSTRY
Available What Is Trade Credit Insurance

Company B
Company A
Seller
Buyer Pembelian Barang

Invoicing

Monitoring
Pembayaran klaim
& apabila ada gagal bayar
Debt Collection

Asuransi

4
Available What is main coverage for TCI

Insolvency Protracted Default

COVERAGE

Political Risk

5
Available What is not Covered

 Sales to Private individuals, associate or subsidiary companies.

 Sales to government Authorities.

 Sales where no credit limit has been agreed.

 Sales in excess of the credit limit

 Disputed Invoices untill the disoute is resolved (i.e. Product

spec/quality).

 Loss equaly to or lower than Non Qualifying Loss / threshold.

 Sales to a customer after a NOA with Intervention have been made.

6
 CLAIM TIMELINE (INSOLVENCY & PROTRACTED DEFAULT)

*in case of bankruptcy, your claim will paid No Cover for any deliveries/shipments invoiced after
MCP (Maximum Credit Period)
within 30 days after our confirmation

Initial NOA
Claim Payment:
Delivery Date: Due date: Final due date:
30 Apr 20
24 Feb 21
01 Jan 20 28 Aug 20

End of
Invoice date: waiting period:
31 Jan 20 Expiry of MCP: 25 Jan 21
29 Jul 20
Intervention

Terms of Payment: Extension: Claim waiting period:

Max 30 days to
90 days 30 days 5 months from the date
Invoicing process
Period of NOA with request of claim
(MIP): Maximum Credit Period (MCP): Intervention payment
30 Days 120 days

Time limit for Notification of Overdue Account (NOA):

150 days from date of invoice, can submit NOA within this
period

7
 COFACE APPETITE

SECTOR:

 PHARMACEUTICAL. MEDICAL.
 Agri – Food.
 Chemical
 Information, Communication and Technology (ICT).

Other Preferences:
• Export.
• Insurable Turnover minimum IDR 100 billion.
• > 10 buyers.

8
 WHY TCI ?

• CLIENT
1. BERPOTENSI MENINGKATKAN SALES / EKSPANSI BISNIS
2. MENINGKATKAN KUALITAS CUSTOMER / BUYER
3. MEMBERIKAN PROTEKSI ATAS RESIKO GAGAL BAYAR / KETERLAMBATAN
PEMBAYARAN ATAS INVOICE YANG DITERBITKAN

• BROKER
1. TARGET PASAR YANG MASIH LUAS
2. MEMBERIKAN AKSES LANGSUNG KE DECISION MAKER (CFO / OWNER)
3. PERSAINGAN YANG MASIH MINIM DARI PIHAK EXTERNAL
4. PREMIUM ASURANSI YANG CENDERUNG BESAR DAN TERUS MENINGKAT

9
 CONTACT US

Andres Sitorus
TEL. : +62 21 3950 3527
MOBILE: +62 815 135 77959
EMAIL : andres.sitorus@coface.com

Linkedin/Company/COFACE

10 COFACE, THE MOST AGILE GLOBAL TRADE CREDIT PARTNER IN THE INDUSTRY