Etihad Credit Insurance (ECI), the UAE Federal export credit company on Sunday signed a Memorandum of Understanding (MoU) with Tradeling, the hyper-growing eMarketplace focused on business-to-business (B2B) transactions in the Middle East and North Africa region.
Under the agreement, signed by Massimo Falcioni, CEO of ECI, and Marius Ciavola, CEO of Tradeling, the UAE’s Federal export credit company will provide Tradeling’s customers with a broad range of trade credit insurance solutions, which will protect them against commercial and non-commercial risks arising from customers’ insolvency, protracted defaults as well as supply and political risks. It will also help them achieve growth on a global scale by providing a wide range of market intelligence and ease of access to international trade.
With ECI’s commercial and Shariah-compliant solutions, Tradeling’s customers will be insured for invoice discounting, which is a finance facility when a company’s unpaid invoices are used as collateral for a loan.
In addition to ECI Islamic and SME Protect, other innovative trade credit insurance products will benefit small, mid-cap and large enterprises using Tradeling’s platform. ECI will also facilitate finance policies on a case-by-case basis according to the requirements of Tradeling’s customers
