IRPC and KBank heighten international trade with export credit insurance innovation for 100% coverage and claims payment within 90 days of payment due date | Bangkok Post: business

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IRPC President Mr. Atikom Terbsiri has revealed that the company and KASIKORNBANK have signed an agreement to innovate a new financial product in the export credit insurance sector, dubbed 'IRPC Global Export Insured'. He said he hopes the new product will strengthen the company's export business efficiency and potential. The product provides 100% coverage for non-payment of export value. Claims payments can be delivered within 90 days from the scheduled payment date. Within 2012, total Export Volume for plastic resin via this product are anticipated to reach 1.5-2.0 billion Baht.

"The new IRPC Global Export Insured will accomplish the company's export demands, as the product can support marketing channels by granting credit term to customers. Risk of customer payment default will also be reduced. As a result, the company will be able to expand and create new marketing channels and find new customers," Mr. Atikom said.