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 | Portual |
| Ajman (UAE) | Greece | Portuguese Pos Africa |
| Andorra | Hong Kong | Qatar |
| Australia | Hungary | Ras Al-Khaimah (UAE) |
| Possession of Australia | Iceland | Romania |
| Austria | India | San Marino |
| Bahamas | Indonesia | |
| Belgium | Ireland | Seychelles |
| Bermuda | Israel | Sharjah (UAE) |
| Botswana | Italy | Singapore |
| Possession of GB in Africa | Japan | Slovakia |
| Possession of GB in America | South Korea | Slovenia |
| British Indian Ocean Territory | Kuwait | Spain |
| Brunei | Latvia | Sweden |
| Bulgaria | Liechtenstein | Switzerland |
| Canada | Lithuania | Taiwan |
| Chile | Luxembourg | Thailand |
| China | Macau | Trinidad and Tobago |
| Colombia | Malaysia | Turks and Caicos Islands |
| Cook Islands | Malta | Umm-al-Quwain (UAE) |
| Croatia | Mauritius | United Kingdom |
| Cyprus | Monaco | United States |
| Czech Republic | Morocco | Possession of USA in America |
| Denmark | Netherlands Antilles | Possession of USA in Oceana |
| Possession of Denmark | Netherlands | Uruguay |
| Dubai (UAE) | New Caledonia | Vatican |
| Estonia | New Zealand | Wallis & Futuna |
| Fiji | Possession of New Zealand | |
| Finland | Norway | |
| France | Panama | |
| French Polynesia | Peru | |
| Fujairah (UAE) | Philippines | |
| Germany | Poland |
List of approved Information Sources:
| Approved Information Source | Domestic Trade | Export Trade |
| Company Watch Ltd | Y | Y |
| CreditSafe Business Solutions Ltd | Y | Y |
| Creditserve Business Information Ltd | Y | Y |
| DNBi | Y | Y |
| Dun & Bradstreet UK | Y | Y |
| Equifax Plc | Y | Y |
| Experian Ltd | Y | Y |
| Experian Business Express | Y | N |
| Graydon UK Ltd | Y | N |