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Debtor Collection Workshop American Chamber of Commerce 31 January 2005

Debtor Collection Workshop American Chamber of Commerce 31 January 2005. Leading positions throughout the world. No. 1 in:. No. 2 in:. Canada The Netherlands Sweden Denmark Norway Finland Austria Greece Czech Republic. United States Germany France United Kingdom Italy

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Debtor Collection Workshop American Chamber of Commerce 31 January 2005

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  1. Debtor Collection Workshop American Chamber of Commerce 31 January 2005

  2. Leading positions throughout the world No. 1 in: No. 2 in: Canada The Netherlands Sweden Denmark Norway Finland Austria Greece Czech Republic United States Germany France United Kingdom Italy Belgium & Luxembourg Poland Hungary Portugal Morocco Singapore 2

  3. Euler Hermes in Poland in year 2004 • Towarzystwo Ubezpieczeniowe Euler Hermes S.A. • Trade Credit Insurance (over 1000 clients, 100 Mio PLN gross written premium) • Euler Hermes Zarządzanie Ryzykiem Sp. z o.o. • Risk Assessment and Monitoring (400000 Polish companies in database), • Payment Behaviour Analysis (more than 300 participating companies), • Field Debt Collecting (over 350 Mio PLN in B2B), • Monitoring of the receivables (new service), • Rating of companies (50 000 rated companies in Poland) • Debt Trading. • Euler Hermes Anna Kozińska – Kancelaria Prawna Sp. k. • Legal Consulting (170 clients), • Legal Debt Collecting. 3

  4. Information sources for the risk assessment worldwide exchange of information Polish Monitor B information supplied by clients about themselves annual reports, trade information experience gained by Euler Hermes clients Euler Hermes Info Pool EH Payment Behaviour Analysis register of companies, Statistical Offices balance sheet, status figures EH Debt Collecting reports of the Euler Hermes Sales Staff economic media information supplied by banks information supplied by agency reports 4

  5. Credit insurance with debt collection scheme Protracted default (4 months after notification) Indemnification Due Date Notification of an overdue account (max. 60 days) Date of Invoice Jan.1 Feb. 1 March 1 Apr. 1 May 1 June 1 July 1 Aug. 1 Sept. 1 Oct. 1 Nov. 1 Dec. 1 Field debt collection Legal debt collection Risk assesment Monitoring of the risk 5

  6. Client benefits from credit risk management Cover against financial losses Cost savings (outsourcing) Monitoring of the risk Access to the database with information about millions of companies abroad and in Poland Quick evaluation of current client’s and potential clients solvency Effective and direct debt collection Legal advice on every stage of business activity Clients can concentrate on business and not on debt collecting 6

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