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EXIM Jamaica Offers Trade Insurance To Explorers Of New Markets

EXIM Bank Jamaica is moving to double growth in its trade credit insurance portfolio with an offer of coverage for local producers as they enter into non-traditional markets including South America, chief officer for credit Charles Lewis indicated on Friday.

EXIM has also introduced receivables coverage for local buyers. It is offering all policyholders short-term working capital loans of up to 80 per cent of receivables value, with the policy as collateral, at rates which Lewis says are “much better than using overdraft facilities” with local commercial banks.

Published in the Gleaner
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