Atradius and Sinosure sign Memorandum of Understanding

Tuesday, 06 November 2007

Amsterdam – Atradius Dutch State Business, the Dutch Export Credit Agency, and Sinosure, the Export Credit Agency of China , signed a Memorandum of Understanding with the aim of supporting projects where both Dutch and Chinese exporters are involved.

Exporters from different countries are increasingly working together in projects around the world. Frequently, these exporters need protection against the risk of non-payment by their buyers or against political risks, such as war or expropriation. This protection is provided by export credit agencies. As per this Memorandum of Understanding, Atradius and Sinosure will join forces to provide streamlined protection for Chinese and Dutch exporters who work together.

Johan Schrijver, Director of Atradius Dutch State Business: ”The arrangement with Sinosure may offer great opportunities for Dutch exporters. Many of them already have an international focus. Sourcing in China , and still benefiting from our cover, has now been made easier. This comes on top of our existing extensive cover possibilities for Dutch export to China .”

Atradius Dutch State Business has cooperation and reinsurance agreements with export credit agencies from 25 countries, including all major exporting markets.   

About Atradius
Atradius Dutch State Business is part of the Atradius Group. Atradius is a leading credit insurer with total revenues of around EUR 1.3 billion and a 24% share of the world credit insurance market. It insures approximately EUR 400 billion of world trade annually against non-payment and provides a comprehensive range of risk transfer, financing and trade receivables management services. With 3,500 staff and more than 90 offices in 40 countries, Atradius has access to credit information on 45 million companies world-wide and makes more than 12,000 credit limit decisions daily. It is rated “A” by Standard & Poor’s (outlook stable) and “A2” by Moody’s (outlook stable).  

Further information
Atradius Corporate Communications
Carlinda Lengkeek
Tel.: +31 20 553 2394
Mobile  : +31 62 220 7494
E-mail:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.atradius.com