The Export Coverage Scheme (ECS) is designed to help Singapore-based companies gain access to trade credit insurance for protection against buyers’ non-payment risks. Administered through the Programme Manager, Aon Singapore, the Scheme offers trade credit insurance premium support for Singapore-based companies, and provides a channel for companies to secure additional limit capacity. With added protection through trade credit insurance, companies can be better protected and more confident to explore new markets and buyers.
As announced on 28 December 2009, the ECS will be extended till 31 January 2011 to facilitate accessibility to trade credit insurance by Singapore-based companies, allowing them to continue trading on open account while managing their counterparty risks.
