Coface, branch in Singapore was established as a representative office in 1995 and obtained a credit insurance license from the Monetary Authority of Singapore (MAS) to operate as a branch office in 2002. It supports the development of domestic and international trade through the provisions of credit insurance.

Coface works closely with the Singapore Government to participate in different schemes to support Singapore companies. Since 2008, Coface has been one of the insurers of the Loan Insurance Scheme (LIS). The LIS was part of a financing scheme introduced by the Singapore government in December 2008 to help companies cope with the economic downturn. The scheme helps Singapore companies secure their short term financing lines by getting them insured by commercial insurers against insolvency risks, with the government support on a portion of the insurance premium.

Starting from 2011, Coface also joined as one of the insurance companies in the Trade Credit Insurance Scheme (TCIS) introduced by International Enterprise (IE) Singapore. The scheme provides a 50% of the premium subsidy for qualified companies who successfully purchase trade credit insurance.

www.coface.com.sg

About Coface

The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2012, the Group posted a consolidated turnover of €1.6 billion. 4,400 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 158 countries, based on its unique knowledge of companies' payment behaviour and on the expertise of its 350 underwriters located close to clients and their debtors.

In France, Coface manages export public guarantees on behalf of the French state.

Coface is a subsidiary of Natixis, corporate, investment management and specialised financial services arm of Groupe BPCE.