International policies
Insurance reduces default risk on exports on credit. Caja Navarra has an agreement with the Spanish Export Insurance Credit Company (CESCE- Compañía Española de Seguros de Crédito a la Exportación) to ensure the best possible insurance conditions.
This insurance is tax deductible and allows for more favourable bank financing: improved liquidity, solvency and cash-flow ratios.
The advantages:
- Risk prevention: The entity helps select customers and performs a credit study and classification of each. They also monitor the economic and commercial evolution of each customer on a permanent basis.
- Collection management of delinquent customers: CESCE performs all the friendly and legal processes involved in recovering the debt.
- Compensation for losses: : CESCE compensates the losses suffered by the company as a result of customer insolvency or political or extraordinary risks.
Each company can choose the policy best suited to its requirements:
- Exports with payment terms of less than one year
- Operations with payment terms of more than two years