Algeria
Argentina
Australia
Austria
Belgium
Benin
Brazil
Bulgaria
Burkina Faso
Cameroon
Canada
Chile
China
Colombia
Costa Rica
Croatia
Czech Republic
Denmark
Ecuador
COFACE EGYPT
9 El Masged El Akssa St. - Mohandessin
Giza
Egypt
Tel.: +20 23 34 48 95 0
Tax: +20 23 34 48 95 1
Egypt
Estonia
France
Coface Gabon Services
Boulevard de l'Indépendance, immeuble DIAMANT
2è étage, BP 1070 Libreville
Gabon
Tel:: + 241 05 036 905
Email : Coface_WestAfrica@coface.com
Gabon
Germany
Hong Kong
Hungary
India
Ireland
Israel
Italy
Ivory Coast
Japan
Latvia
Lithuania
Luxembourg
COFACE SERVICES MALAYSIA SDN BHDCP 17, Suite 1304 13th Floor,
Central Plaza, 34 Jalan Sultan Ismail
50480 Kuala Lumpur
Tel.:+60 (3) 2141 3380
Fax.:+60 (3) 2141 3381
e-mail: enquiries@coface.com.my
Malaysia
Mali
Mexico
Morocco
Netherlands
COFACE NORWAY
c/o Arntzen de Besche
PO Box 2734 Solli
0204 Oslo
Tel.: +47 23 89 4000
Fax: +47 23 89 40 01
Norway
Peru
Poland
Portugal
Romania
Russian Fed.
Senegal
Serbia
Singapore
Slovakia
Slovenia
South Africa
COFACE SERVICES KOREA CO LTD
Jongno Tower 17F, 6 Jongno 2-ga
Jongno-gu
110-789 Seoul
Tel.:+82 (0)2 2198 2191
Fax.:+82 (0)2 2198 2193
e-mail: jinhak_ryu@coface.com
South Korea
Spain
Sweden
COFACE SWITZERLAND
Avenue Belle Fontaine 18
CP 431
CH-1001 Lausanne
Tel.: +41 21 331 00 40
Fax.: + 41 21 331 00 44
Switzerland
Taiwan
COFACE HOLDING (THAILAND) CO LTD
622 Emporium Tower - 10th Floor
Room 10/8-2 Sukhumvit 24 Road,
Kwang Klongton, Khet, Klongtoei
10110 Bangkok
Tel.: +66 (02) 664 89 89
Fax.: +66 (02) 664 89 98
e-mail: marketingthailand@coface.com
Thailand
Togo
Turkey
UAE
Ukraine
United Kingdom
United States
Venezuela
COFACE VIETNAM SERVICES
Suite 1719, 17th floor, Gemadept Tower
No 6, Le Thanh Ton Street, Ben Nghe Ward,1st Dist,
Hochiminh City,
Vietnam
Tel: +84 62 556 928
Vietnam
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Financing
Cover for banks
Cover for banks or financial institutions protects from the financial loss due to political events or decisions, economic crisis or default of private and public debtors.
Unistrat Coface covers :
- Prefinancing
- Loans
- Letters of credit
- Discounting without recourse, forfaiting
- Projects finance
- Leasing
Unistrat Coface guarantees 2 types of risk on public or private borrowers :
- Non-payment / Non-transfer / Inconvertibility : This cover protects against unpaid or non-transfered debts.
- « Lender’s form » : This guarantee covers the non-reimbursement of the loan due to confiscation, expropriation, nationalization, deprivation or due to political event or decision.COVER TERMS :
POLICY PERIOD => up to 7 years
INSURED PERCENTAGE => 90% (average)
WAITING PERIOD => minimum 180 days
1) For its export client, an European bank confirms a letter of credit opened by a Central African bank for delivery of fertilizers. Due to a lack of currency and funds, the Central African bank does not honor its letter of credit. The European bank makes the payment to the exporter under its confirmation.
The Unistrat Coface guarantee offers compensation for the Central African bank’s non-payment.
2) A bank grants a loan to a foreign company to develop its industrial equipment. After a change of government, the borrower’s operating license is revoked by decree, shutting down its business. It cannot reimburse the loan.
The Unistrat Coface guarantee offers compensation to the bank for non-reimbursement of the credit.
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