Coface SAP

COFACE SERVICES SOUTH ASIA PACIFIC PLATFORM

Coface Services South Asia Pacific Platform (SAP Platform) has under its wing - Coface Singapore, Coface Credit Management Services, Kompass South East Asia, Coface Services Thailand, Coface Services Malaysia, Coface India Credit Management Services, Coface Services Australia, Coface Finance Australia and Coface Credit Management (Australia).

SAP Platform strives to position itself as a leading trade credit insurer offering an array of receivables management solutions, including credit information and @rating, as well as marketing information. It is thus different from typical insurers who are sole providers of trade credit insurance.

SAP Platform offers credit insurance, credit management and @rating services, with Singapore and India offering Kompass marketing information. October 2004 saw the successful launch of the Bond and Guarantee business in Singapore, effectively extending our range of credit services. Recently, Coface Singapore has also added factoring as one of its service offering, enabling us to become Singapore's first total receivables management solutions provider.

With a total staff strength of 148, SAP Platform’s objective is to assist companies in sourcing and expanding their customer books, and in managing their customer credit risk through proposing a full array of credit insurance and management solutions.

Coface SAP Platform

RECEIVABLES PROTECTION

Trade Credit Insurance

With the exception of Singapore and Australia, trade credit insurance is marketed through local partnership and through brokers in the respective SAP countries.

Trade credit insurance in India is marketed through ECGC, ICICI Lombard, IFFCO-Tokyo Marine General Insurance Company and through brokers like Aon and Marsh. In Thailand, local partners include AXA Thailand, Phatra Insurance and SAMAGGI and Thai Exim. Coface Services Malaysia has among its partners – AXA Affin Assurance. Hong Leong Assurance and EXIM Bank. More information on Coface India is available on www.cofaceindia.com

Coface Australia is the latest addition to the Platform since its official incorporation in June 2004, with the taking over of DEXTA’s trade credit insurance book. The new entity’s objective is to cater for Australian corporates’ credit risks, both domestic and export. The Australian Prudential Regulatory Authority (APRA) granted Coface Australia local insurer status on 1 July 2008. This means that with regards to the Receivables Protection business line, Coface Australia is now operating as an APRA authorised local branch, subject to Australian regulatory rules. More information on Coface Australia is available on www.coface.com.au

Means of marketing of our local offer are achieved through organization of, as well as participation in, strategic conferences and seminars. Efforts are focused on building strong relationships with various Business Associations, Chambers of Commerce and Trade Promotion bodies.

Coface has won the bid to be the lead underwriter for tranche 3 of Loan Insurance Scheme (LIS). LIS 3 is a high profile Singapore government initiated program. This scheme offers alternative access to financing for small medium enterprises through the use of loan insurance. It covers insolvency risk of the borrower granted with facilities under the scheme (such as stock financing facility, structured pre-delivery working capital loan, and others). Seven key financial institutions participate in this program.

BUSINESS INFORMATION & RECEIVABLES MANAGEMENT

Coface Group offers information on companies via its network CreditAlliance. In Singapore, Coface Credit Management Services provides services on both local & overseas companies.

Its services include screening and benchmarking of existing and potential trade partners; sourcing of corporate information for in-house credit assessment, as well as bad debts collection.

In India, a newly created facility for further developing the information business has been set up in Bangalore.

The Data Centre has been created to create a production unit for business information reports on India debtors; to serve as a data entry centre for any type of data entry jobs within the Coface Group; as well as create a sales network to market both domestic and international business information reports in India.

Marketing Information

In Singapore, Kompass provides marketing information via its global search engine, www.kompass.com. With a worldwide database of 2 million companies across 75 countries, Kompass not only helps companies in sourcing and researching on detailed companies and product profiles, it also provides a platform to create global brand presence through exposure in www.kompass.com. This service is also available in India.

RECEIVABLES FINANCE

Coface Singapore and Coface Finance Australia also offer factoring services to help companies finance their trade receivables. Our factoring solution provides companies with immediate access to funds of up to 90% of the value of the factored receivables. In addition to financing, another unique feature of our factoring solution is the availability of 100% indemnity against non-payment of undisputed invoices by approved debtors. With credit protection, our clients are able to extend unsecured or 'open account' payment terms to their customers, resulting in competitive advantage and new sales opportunities. With improved liquidity, our factoring solution improves our client’s cashflow and balance sheet ratios.

COFACE VIETNAM SERVICES

Coface Services South Asia Pacific