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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:
- hesitating or refusing to provide product over concerns of getting paid;
- spending time worrying about payments and spending time and money in pursuit of payment;
- failing to get paid due to a customer's bankruptcy or liquidation; and
- 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.
TRIPs apply to a particular account of a vendor, not its entire receivable portfolio
- 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
- 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
- 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) .
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