Atradius Collections Partners With Flevum-Loenermark in China



    
    75 percent of Chinese exporters write off unpaid foreign invoices

    
    AMSTERDAM, Netherlands, Aug. 7 /CNW/ -- Atradius Collections, recognizing
the growing importance of China, is the first global collections firm to sign
a cooperation agreement with a business partner in China: Flevum-Loenermark in
Nanjing.  In cooperation with Flevum-Loenermark, Atradius Collections -- a
business unit of credit insurer Atradius -- will pursue the collection of
unpaid invoices of Chinese exporters to their foreign customers. More than 75
percent of Chinese exporters write off unpaid international invoices due to
language barriers and poor administrative routines.
    In addition, Atradius Collections can help Chinese exporters increase
cash flow and reduce bad debts through its sophisticated global network and
uniform way of working through a local presence.  In China, payment terms of
180 days or even a year are not uncommon.  Atradius Collections will only
pursue collection of unpaid Chinese invoices on exports to foreign customers.
Only law firms are permitted to operate a domestic debt collections business
in China.
    Atradius Collections expects a monthly collection inflow of approximately
1 million euros of unpaid debts from Chinese exporters via Flevum-Loenermark.
Raymond van der Loos, director of Atradius Collections, hopes this cooperation
with Flevum-Loenermark will further boost Atradius' business in China and
Asia.
    
    About Atradius Group
    
    The Atradius Group provides trade credit insurance, surety and
collections services worldwide, and has a presence in 40 countries.  Its
products and services aim to reduce its customers' exposure to buyers who
cannot pay for the products and services customers purchase.  With total
revenues of approximately EUR 1.8 billion and a 31% share of the global trade
credit insurance market, its products contribute to the growth of companies
throughout the world by protecting them from payment risks associated with
selling products and services on credit.  With 160 offices, it has access to
credit information on 52 million companies worldwide and makes more than
22,000 trade credit limit decisions daily.
    
    About Atradius Collections
    
    Atradius Collections has over 400 staff and 16 offices worldwide, serving
12,000 clients and handling 27 million transactions per year.  With revenues
of EUR 48.2 million in 2007, its collections specialists worldwide provide
customers with local expertise through one global process and IT platform.
http://www.atradiuscollections.com

    
     Further information
     Christine Gerryn
     Corporate Communications
     Tel.: +31 (0)20 553 2260
     christine.gerryn@atradius.com
     http://www.atradius.com
    

    
     David Waldron
     Tel: +1 630 227 4719
     david.waldron@atradius.com
     http://www.atradiuscollections.com

    




For further information:

For further information: Christine Gerryn, Corporate Communications, +31
(0)20 553 2260, christine.gerryn@atradius.com, or David Waldron,
+1-630-227-4719, david.waldron@atradius.com, both of Atradius Collections Web
Site: http://www.atradius.com                
http://www.atradiuscollections.com

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ATRADIUS COLLECTIONS

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