Euler Hermes Launches Energy Trade Credit Group - Global Trade Magazine
  September 16th, 2015 | Written by

Euler Hermes Launches Energy Trade Credit Group

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  • Using energy credit insurance, shippers are protected against default and can transact on open credit.
  • Euler Hermes Energy MD: Our industry expertise provides the right solution for individual companies.
  • Euler Hermes’ Spread Risk Loss ensures energy provider is covered for lost sale at original contract value.

The North American energy sector‘s volatility coupled with stricter banking regulations have made it increasingly difficult for energy companies to facilitate liquidity to propel growth. To provide those companies with essential credit support and risk management solutions, trade credit insurance company Euler Hermes recently announced the launch of Euler Hermes Energy.

Using energy credit insurance, customers are protected against payment default and can confidently transact on open credit, the preferred method of global business. Should a default occur, clients can efficiently execute a claim for payment with Euler Hermes Energy.

Credit support and risk management solutions are vital both to maximizing opportunities and mitigating risks. Euler Hermes Energy has designed tailored solutions to empower businesses throughout the energy supply chain.

“Credit is the fuel of growth,” said Jay Rose, managing director of Euler Hermes Energy. “Business managers staying current with the global energy sector’s evolution require a comprehensive suite of credit tools to capitalize on opportunity and maintain competitive advantage. Better harmonization of risk mitigation and commercial aspirations supports safe, aggressive bottom line growth. Our industry-specific expertise provides the right solution for individual companies, backed by the resources of a global leader.”

Euler Hermes Energy has developed Spread Risk Loss coverage (mark to market), bridging the gap between the contract and the market. When a buyer becomes insolvent, Spread Risk Loss ensures the energy provider is covered for the lost sale at the original contract value, regardless of market price. Spread Risk Loss augments complex risk mitigation strategies, providing a simple solution to a frequent problem.


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