Institution details
ECICS Limited (ECICS)
Key facts
- Established in 1976
- Ownership: Private
Not Part of the OECD
Part of the Berne Union
- 7 Temasek Boulevard
- +65 6337 4779
- https://www.ecics.com.sg
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | AAA |
Country rating | S&P | Local currency | AAA |
Products
- Short-term supplier credit policy
- Other products
Short-Term Supplier Credit Policy
- Insurance for export transactions against non-payment
- Tenor: Up to 1 year; typically, up to 180 days and exceptionally up to 720 days
- Cover:
- Up to 90% of the gross invoice value
- Commercial and political events - Currencies: SGD or approved currencies
Other Products
- ECICS provides non-export insurance to individuals and businesses
- Comprehensive short-term policy for domestic trade
- Surety bonds and guarantees available for domestic and export contracts:
- Performance bond
- Advance payment bond
- Contract tender bond/bid bond
- Retention money bond
- Maintenance bond - Wide range of domestic business insurance policies
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short-term | Comprehensive | 90% |