KUKE GAP

Intended Beneficiaries of the Product

This financial instrument is designated for commercial enterprises that:

1. Execute the sale of goods or rendering of services with deferred payment terms to corporate entities operating both domestically and internationally;
2. Maintain a primary credit insurance policy with an underwriter other than KUKE, wherein the approved credit limit proves insufficient to provide comprehensive protection for the volume of trade conducted with their counterparties.

Provisions of the KUKE GAP Facility

KUKE GAP delivers:

1. Indemnity for accounts receivable that exceed the thresholds established by the primary underwriter, provided the credit period does not surpass a maximum duration of two years;
2. Supplementary coverage for receivables up to an amount equivalent to the primary credit limit;
3. Protection against both commercial and political risks;
4. A transparent and uncomplicated framework for the calculation of insurance premiums;
5. Streamlined administration regarding the management of the insurance policy.

Operational Mechanism

1. Submission of Application The policyholder submits a formal application for insurance coverage, accompanied by detailed specifications regarding the maximum credit limits required.
2. Execution of the Insurance Contract The contracting parties formally execute the insurance agreement.
3. Filing of a Claim Upon the successful disbursement of indemnity by the primary underwriter, the policyholder files a supplementary claim with KUKE.
4. Disbursement of Indemnity KUKE disburses the verified indemnity due within a strict period of thirty days.