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Trade Credit Protection

Peace of mind against client insolvency

• Added protection for Factoring and Invoice Discounting customers
• Underwritten by one of the UK's leading insurance companies

Protect your cash flow

It's a sad fact of business life that companies can become insolvent. If that happened to one of your debtors, what effect would it have on your own business? Of course, it depends on the sums involved but it could have far reaching consequences for the future viability of your organisation. That's why, as part of our Invoice Discounting and Factoring services, Bank of Scotland Corporate offers a comprehensive Trade Credit Protection option.

Fully underwritten

Provided by AIG UK Limited* and underwritten by New Hampshire Insurance Company, both part of AIG, our Trade Credit Protection will pay the full amount of your outstanding invoice (less our charges)** should your debtor become insolvent and unable to settle with you directly.

The cost of this cover varies according to the number of agreed limits and can be included in your invoice discounting or factoring fee.

For further information on Trade Credit Protection, please get in touch with your business development manager or account manager or call the Bank of Scotland Cashflow Finance team on +44(0)845 300 1345^†.

* AIG UK Limited is an appointed representative of New Hampshire Insurance Company and Landmark Insurance Company Limited. Both are authorised and regulated by the Financial Services Authority.

** The cost of cover can be included as part of the Factoring/Invoice Discounting Service Fee. You will have agreed this with your Business Development Manager/Account Manager individually.