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GTR 5th Annual Indonesia Trade & Commodity Finance Conference. INTRODUCTION OF THE "NEW" ASEI AND ITS ROLE AS INDONESIA'S EXPORT CREDIT AGENCY. Badruz Zaman 23 April 2015. BRIEF INTRODUCTION AND HISTORY OF ASEI. NEWLY RESTRUCTURED ASEI. 3 January 2015 ->
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GTR 5th Annual Indonesia Trade & Commodity Finance Conference INTRODUCTION OF THE "NEW" ASEI AND ITS ROLE AS INDONESIA'S EXPORT CREDIT AGENCY Badruz Zaman 23 April 2015
NEWLY RESTRUCTURED ASEI 3 January 2015 -> ASEI Re officially changed its name to Reasuransi Indonesia Utama (Indonesia Re) 1 July 2014 -> ASEI changed its name to ASEI RE Will become the “Giant Reinsurer” setup to decrease current account deficit 21 October 2014 -> Asuransi ASEI received its operating license from OJK 18 December 2014 -> ASEI Re spun-off its existing business /portfolio to newly established Asuransi ASEI Asuransi ASEI (ASEI) continues/resumes its business and function as the Indonesian ECA
ASEI'S BUSINESS PORTFOLIO (SNAPSHOT) INSURANCE PRODUCTS/ SERVICES ASEI PORTFOLIO SPREAD (2014)
CREDIT INSURANCE Clients Products Export Credit Insurance • Exporters • Manufacturers • Trading coys • Construction coys • Distributors Domestic Credit Insurance CREDIT INSURANCE Banks or Non-Bank Financial Institutions (Multifinance) Export Bill Insurance Domestic Credit Insurance Financing ECAs or Local/ Foreign Credit Insurers Reinsurance (Inward)
Types of Transactions covered by ASEI Credit Insurance CREDIT INSURANCE Import/investments from any country to Indonesia (Short-term and Medium/ Long term) Exports of goods and /or services (Short-term) Sales of goods and/services to domestic market on credit terms (Short-term and Medium-term) Factoring/invoice discounting facilities provided by banks to exporters/sellers (Short-term) Reinsurance Export Credit Insurance Domestic Credit Insurance EBI/DCIF
ASEI vs Private Credit Insurers (Main Similarities and Differences)
ASEI vs Private Credit Insurers (Main Similarities and Differences)
ASEI - ECA COOPERATION SCHEME (POWER-PLANT PROJECT) Badruz Zaman 23 April 2015
ASEI vs Private Credit Insurers (Main Similarities and Differences)
THANK YOU Badruz Zaman 23 April 2015