单词 | counter-party credit risk |
释义 | counter-party credit risk The risk when selling goods on credit that the purchaser may fail to make payments when they become due. Credit for short periods can be given against a trade bill, which can be discounted, so that the seller gets cash immediately and passes the credit risk to whoever buys the bill. For longer-term credits it may be possible to insure the risk, possibly via an official agency such as the UK Export Credits Guarantee Department (ECGD) or the US Export Import Bank. |
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