EXPORT RECEIVABLES PURCHASE PROGRAM
Increase your higher-margin export sales without significantly raising your company’s level of credit risk. In many cases, Wachovia can purchase your foreign accounts or notes receivable with limited recourse to your company.
Challenges
While foreign markets often represent more lucrative sales opportunities, exporters have a limited credit appetite. This limitation may prevent your company from capitalizing on overseas sales. Even with the benefits of trade credit insurance, there may be balance sheet limitations. Under the Export Receivable Purchase Program, Wachovia can help.
Benefits
Risk Mitigation
Wachovia can assist in developing a program of insured foreign asset sales, reducing your exposure to foreign risk while you address the balance sheet needs of your company.
Continued Customer Contact
The accounts or notes receivable will continue to be serviced by your company. The program is relatively invisible to your customers.
Increase Export Sales
Your credit limitations for country risk, counterparty risk and tenor can all be mitigated through the sale of insured assets to Wachovia.
Features
Accounts and notes receivable are insured by an insurance company under a policy managed by your company and acceptable to Wachovia. Wachovia is named as the Loss Payee of the policy.
Notes receivable can be sold individually, while accounts receivable are pooled and sold periodically.
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