Trade Credit Insurance, which protects hundreds of thousands of business-to-business transactions against customer defaults or payment delays, will receive up to £10bn of government guarantees, ministers have announced.
The Trade Credit Reinsurance scheme will see the vast majority of Trade Credit Insurance coverage maintained across the UK. The guarantees will support supply chains and help businesses during the Coronavirus pandemic to trade with confidence, safe in the knowledge that they will be protected if a customer defaults or delays on payment. Trade Credit…
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