Organization: Coface
LEI 9695007AC8Q2X70BLL23, SWIFT CFETFR21XXX

The Compagnie Française d'Assurance pour le Commerce Extérieur (COFACE) is a globally operating credit insurer, offering companies solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2011, the Group posted a consolidated turnover of €1.6 billion. 4,600 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 157 countries, based on its knowledge of companies’ payment behaviour and on the expertise of its 250 underwriters. In France, Coface manages public export guarantees on behalf of the French state, acting as France's Export Credit Agency. Coface provides guarantees or insurance on accounts receivable arising from the sales of commercial goods and services on credit terms of 30-day and 60-day time scales especially for export companies (as an alternative to making the foreign purchaser obtain a letter of credit), sometimes on longer time scales; it manages state guarantees for exports by French corporations; and also provides some other international support for exporters. Coface is a world leader in trade-credit information and protection (Trade Credit Insurance), serving 160,000 clients in 93 countries.