Debtor Risk Assessments
Measures the probability of a company default within a 12 month period
GOOD REASONS TO USE COFACE DEBT COLLECTION SERVICE
- One central contact point regardless of debtor country
- Access to local law enforcement and legal teams
- Unique understanding of local practices, cultures and market conditions
- The possibility of maintaining a good relationship with your debtor and therefore the possibility of renewed business volume in the future
WE HAVE INTERNATIONAL NETWORK OF DEBT COLLECTION EXPERTS :
- 400+ / COFACE DEBT COLLECTION EXPERTS
- 185 / LAW FIRMS
- 32/ PARTNER COMPANIES
DEBT COLLECTION - CASE STUDY
A Hong Kong exporter of electrical equipment for the trade has to contend with non-payment by a Brazilian reseller. Unfamiliar with local rules and practices, the company’s legal advisors and chief financial officer are not sure which course to pursue.
The company calls on Coface, which has had an office in Brazil since 1998. The Coface team contacts the reseller. Given the latter’s difficulties, they reach an amicable agreement and come up with a solution consisting of a ten-month repayment plan.
At the end of this period and backed by a study commissioned with Coface, the Hong Kong exporter decides to continue the relationship with this reseller. Since then, the reseller has been a reliable partner.