Assets Protection

Trade Credit Insurance

Your Priority:

Provide more flexible terms of payment to potential customers, which can increase competitiveness and lead to new business.

Why Trade Credit Insurance?

Protects your business from non-payment of account receivables and helps you to grow your business safely by providing extended credit to your new and existing buyers.

Features:

  • Protecting your trade receivables, usually a company’s main asset on the balance sheet

  • Enhanced customer relationships, as you can offer extended credit

  • Greater confidence in pursuing opportunities even in unfamiliar markets

  • Improved ability to identify the most profitable customers based on professional credit risk assessments

  • Freeing up resources by outsourcing credit risk assessments

     

     

     

The above general insurance plan (“Plan”) is underwritten by QBE General Insurance (Hong Kong) Limited which is authorised and regulated in Hong Kong by the Insurance Authority. Hang Seng Bank Limited (“Hang Seng Bank”) is an insurance agent authorised by QBE General Insurance (Hong Kong) Limited for the distribution of this Plan. Premiums will be payable to QBE General Insurance (Hong Kong) Limited upon application of this Plan. QBE General Insurance (Hong Kong) Limited would provide Hang Seng Bank commission and performance bonus as remuneration for distribution of this Plan. The existing staff remuneration policy on sales offered by Hang Seng Bank takes into account various aspects of the staff performance instead of focusing solely on the sales amount.

In respect of an eligible dispute arising between the Hang Seng Bank Limited and the customer out of the selling process or processing of the related transaction, Hang Seng Bank Limited is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved directly between QBE General Insurance (Hong Kong) Limited and the customer.

Trade Credit Insurance is underwritten by Euler Hermes which is authorised and regulated in Hong Kong by the Insurance Authority. Hang Seng Bank Limited (“Hang Seng Bank”) has entered into a referral arrangement with Euler Hermes to enable it to refer its customers to Euler Hermes for information and advice about Trade Credit Insurance. 

The information shown above regarding Trade Credit Insurance does not constitute any product advice and opinion by Hang Seng Bank. 

The information shown above regarding Trade Credit Insurance is provided by Euler Hermes and is intended as a general summary for your reference only.