We are very pleased to reach another milestone, by supporting $1 billion worth of New Zealand exports with our Short Term Trade Credit Insurance (STT).
STT may be required by an exporter to mitigate payment risk from the buyer or the buyer’s bank. NZECO’s STT can also complement the private sector by providing more capacity which can result in increased sales for the exporter.
Overall NZECO’s STT gives exporters confidence when they are trading to overseas markets. To date this solution has covered over 300 debtors into 73 countries as summarised in the infographic above.