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Discretionary credit limits

A discretionary credit limit is where an exposure is not formally approved by Coface but is covered subject to you having justification for granting the credit limit to the buyer: either by (i) using an approved Information Source report no older than six months or (ii) having a satisfactory trading experience with your buyer for the 12 months preceding the transaction. You can uplift the discretionary credit limit using satisfactory trading experience by increasing the highest month end cleared balance paid within terms by 25%. The maximum discretionary credit limit for a CoverCredit policy is GBP 10,000.

List of approved countries where you can use your discretionary limit:

Abu Dhabi (UAE) Gibraltar Peru
Ajman (UAE) Guernsey Philippines
Algeria Hong Kong                    Poland
Andorra  Hungary Portugal
Australia   Iceland Qatar
Austria   India Ras Al-Khaimah (UAE)
Bahamas Indonesia Romania
Bahrain Ireland San Marino
Belgium   Isle of Man Saudi Arabia
Bermuda Israel Sharjah (UAE)
Botswana Italy Singapore
Brazil Japan  Slovakia
Brunei Jersey Slovenia
Bulgaria Korea (South)              South Africa
Canada   Liechtenstein Spain
Chile    Lithuania Spain (Canary Islands)
China Luxembourg  Sweden
Columbia Macau Switzerland
Cook Islands Malaysia Taiwan
Costa Rica Malta   Thailand
Croatia Mauritius Trinidad & Tobago
Cyprus Mexico Turkey
Czech Republic Monaco  Turks & Caicos Islands
Denmark      Morocco Umm Al-Qaiwan (UAE)
Dubai (UAE) Namibia United Arab Emirates
Estonia Netherlands United Kingdom
Finland   New Caledonia United States
France New Zealand Uruguay
French Polynesia Norway  Vatican City State
Fujairah (UAE) Oman Wallis & Futuna Islands
Germany Panama  


List of approved Information Sources:

Approved Information Source Domestic Trade Export Trade
Coface UK Services Ltd Y Y
Check-it Y Y
Dun & Bradstreet Y Y
Equifax Plc Y Y
Experian Ltd Y Y
Experian Ireland Ltd Y Y
Graydon UK Ltd Y Y
N2 Check Y Y
CreditSafe Business Solutions Ltd Y N
Top Service Limited Y N