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Increasing means of financing

The programs for increasing means of financing enables the ICIC insured to increase the level of finance for working capital over and above the regular credit line at its disposal, on the basis of the financing body relying on ICIC's credit insurance as collateral.

There are a range of alternatives for increasing means of financing:

Program for discounting receivables

The program for discounting receivables is designated for ICIC policyholders which are interested in recieving immediate payment for transactions, by advancing actual receipt of payment from customers.

This advanced and unique program by ICIC is based on a "triangular agreement", whose partners are: the insured, ICIC and the financer. From the legal aspect – in this program the financer purchases in the framework of "discounting receivables" the debts of the insured's customers, which are insured by ICIC.

Highlights of the program

The discounting of receivables financing program provides you with:

Financing of transactions program

The financing of transactions program is intended for policyholders in the short or medium term transaction program accompanied by detailed financing arrangements which enable a shortening of the transaction for the insured, while providing a unique solution of insuring the discounting of drafts or buyers credit , which in most cases is an integral part of the insurance transaction

Highlights of the program

The transactions financing program provides you with:

Financing program through "authorization letters"

A financing program through "authorization letters" is intended for policyholders which are interested in transferring their rights to receive insurance compensation from ICIC at the time of an insured event, in favor of the financing factor without the possibility of recourse .
In this way the insured is able, to some extent, to expand the level of financing working capital at its disposal.

Highlights of the program

The transactions financing program provides you with:

The advantages of increasing financing on the basis of ICIC's insurance