NT EXPORT BROKERAGE CO.
Dallas, Texas
Export Trade Broker/Trade Credit Insurance
We are NTEB, we help mitigate the risk in business transactions.
We are a Domestic and Export Trade Transactions & Credit Insurance Brokerage, is headquartered in Dallas/Ft. Worth, Texas.
We help expedite the free flow of goods between buyers, suppliers and lenders by providing cost effective Credit Insurance. This protects the seller/lenders against losses from nonpayment of a commercial trade debt. With credit insurance in place, the seller/policy holder can be assured that non-disputed accounts receivables will be paid by either the debtor or the credit insurer within the terms and conditions of the policy.
We are actively engaged with buyers and suppliers.
WHY COMPANIES USE CREDIT INSURANCE...
THE OPTIONS TO ELIMINATE TRANSACTIONAL CREDIT RISK...
SELF-INSURANCE
Many companies use self-insurance in the form of bad-debt reserves. This is money available to offset the deficit should any customer become unable to pay.
FACTORING
A factor is a company that purchases company's account receivables at a reduced amount of the face value. These cost may range from 1-10% depending on the components of the transactions.
LETTERS OF CREDIT
A documentary letter of credit is purchased by the buyer at a lender. A lender guarantees the payment of a buyer's obligation will be received on time and in the correct amount. The Letter of Credit reduces the buyer's cash on hand or their borrowing capacity, as it could be counted against the company's credit limit.
CREDIT INSURANCE
A business insurance policy that protects the seller against losses from the nonpayment of a commercial debt. By paying and established premium.
A credit insurance policy allow a company to confidently extend more credit to current customers, or pursue new, larger customers that could have been deemed too risky. The policy allows a company to increase sales and grow their business.
BASIC REASONS TO INVEST IN TRADE CREDIT INSURANCE:
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Sales expansion - a company can safely sell more to existing customers, or new customers.
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Expansion into international markets - Protection against export risk.
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Better Financing Terms - Banks will typically lend more capital against insured receivables.
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Reduction of Bad-Debt Reserves - Insuring receivables frees up capital for the company. Also, credit insurance premiums are tax deductible.
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Actionable Economic Knowledge - The trade credit insurer's information database and technology platform help reduce operational and informational mistakes.
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Protection against non-payment and a catastrophic loss - Should an unforeseen event catch a company without warning, the bill gets paid via the claims process.
WHAT CREDIT INSURANCE IS NOT!...
Credit Insurance is not a substitute for good, thoughtful credit management. Sound credit management practices should be the basis of a credit insurance policy and an partnership.
The ultimate goal of credit insurance is not just to indemnify losses incurred in a default, but provide businesses with the support and knowledge they need to avoid mistakes before they happen.
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