Compagnie française d'assurance pour le commerce extérieur

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The Compagnie française d'assurance pour le commerce extérieur (COFACE) is the main French export credit agency. In its own words, it provides guarantees for export credits on 30-day and 60-day time scales for export companies based in any country, sometimes on longer time scales; it manages state guarantees for exports by French corporations; and also provides some other international support for exporters.

Coface is a world leader in trade-credit information and protection, serving 85,000 clients in 93 countries.

In the UK and Ireland, Coface provides:

Accounts Receivable Insurance
Single Risk and Political Risk Protection
International Business Information
Commercial Collection Services
Country Risk Information
Receivables Finance
Performance Bonds & Duty Deferment Guarantees

In North America, Coface provides:

Accounts Receivable Insurance
Single Risk and Political Risk Protection
International Business Information
Commercial Collection Services
Kompass Business to Business Search Engine
Country Risk Information

[edit] Country risks rating

Coface assigns a rating to each of the 150 countries it monitors; this rating reflects the average risk of short-term non-payment for companies in this country. Seven families are used:

A1 : Steady political and economic environment, good payment record of companies, very weak default probability
A2 : Political and economic environment or payment record of companies not as good as A1, default probability being still weak
A3 : Payment record usually lower than A1 and A2, likely to be modified by adverse political or economic circumstances, probability of a payment default being still low
A4 : Patchy payment record, likely to be modified by a deteriorating political and economic environment, probability of a default being still acceptable
B : Unsteady political and economic environment, usually poor payment record
C : Very unsteady political and economic environment, frequentlly bad payment record
D : High risk profile of the economic and political environment, very bad payment record.