Growth

Sales are the life blood of a banks commercial customers.  Helping them know, really know, who their strongest customers are may help them use flexible terms to grow sales.

If they grow safely, the bank lends more, safely, than they would have.

If you don't introduce them to the concept, your competitor might.

Risk

How many times have your banking customers told you their customer is as good as gold.......

Insolvencies happen every day, for reasons you can't see coming......  antitrust lawsuits, a chemical spill that cut off water supplies to Virginians, the Pink Slime news story, etc....... These unexpected events took down companies such as Target Canada, Golden Gurnsey Dairy, AFA Foods, Owens Corning..... and thousands more.  Protecing your customer from the unexpected catastropic loss can be the difference in ensuring their suvival.

Monitoring

Using TCI carriers to help monitor you clients customer base can hlep your client find out before shipping or even accepting an order, that the customer or prospect is not credit worthy. 

Utilize the TCI reporting significant past dues, you can see the bad debt before it happens

We Offer:
  • Trade Credit Insurance
  • Asset Based Lending
  • Peace of Mind

Verso/NewPage Paper  (Jan 26, 2016)  Less than 13 months after buying NewPage, paper manufacturer Verso Corp. is asking for Chapter 11 bankruptcy protection.  Memphis-based Verso Corp. (OTCQB: VRSZ) announced the voluntary filing on Tuesday morning in the U.S. Bankruptcy Court in the District of Delaware.

More Notable Insolvencies..........

assetied to cash flow.
 

Hancock Fabrics, Inc (Feb 2, 2016)  One of the largest fabric sellers in the United States, sought protection from creditors for the second time in less than a decade, saying it will use the bankruptcy to explore a sale, close stores, and ramp up its online presence

So Who's next?  Sears?  Any Metal Processors?  Volkswagen (if litigation gains steam)?  Who's Next in Energy?  Mining?  Which Way will the  dominos fall?

 

Your commercial customers can gain market share by offering creative

terms, without taking  on more risk, growing their sales

 


 

 

Banks may also utilize a speicalty Trade Credit Insurance policy for the bank itself.  Ask your local Crescendo Trade representive to find  out more 

When used properly, Trade Credit Insurance (TCI) can help banks safely grow their

borrowing by helping the bank increase advance rates on A/R up to 90%, and advance above

current A/R concentration restrictions
 

 

Let Crescendo Trade navigate the challenges for you, ensuring safe utilization

of TCI to help both you and your commercial customers grow 

Banks & Trade Credit Insurance