Trade Receivable Protection ("TRIPs")™
"Vendor protection when it counts"™
Our TRIPs product provides trade vendors with accounts receivable protection, on even the most high-risk accounts. Our TRIPs program relieves trade vendors from:
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hesitating or refusing to provide product over concerns of getting paid;
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spending time worrying about payments and spending time and money in pursuit of payment;
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failing to get paid due to a customer's bankruptcy or liquidation; and
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forfeiting the opportunity to be a standout vendor during a company's restructuring or bankruptcy over concerns of getting paid.
What are TRIPs?
For more information on types of TRIPs and key terms click
here
.
Credit Suisse offers credit risk protection through TRIPs, upon the occurrence of certain events, a vendor would have the right to put trade claims to Credit Suisse. By shifting the credit risk of a particular account to Credit Suisse, a vendor can continue to supply or service customers, particularly high risk customers, and plan future sales volume, while receiving protection against particular credit events.
TRIPs provide a tailored form of protection.
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TRIPs apply to a particular account of a vendor, not its entire receivable portfolio
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The duration of TRIPs is also flexible; TRIPs can be structured to cover a period as short as 3 months or as long as 5 years
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Unlike most trade insurance and factoring agreements, TRIPs, and anything in between, cannot be canceled or modified by Credit Suisse to drop or limit coverage
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The confidentiality of TRIPs allows a vendor to continue to supply and thereby, support its customers without increasing risk exposure
Advantages over using Credit Suisse TRIPs versus Alternative
Forms of Protection
(PDF) and
Credit Derivatives
(PDF) .