FAQ on Evolution Credit Partners' $1B Milestone in Trade Credit Protection

What is Evolution Credit Partners’ Trade Credit Protection (TCP)?

Evolution Credit Partners’ TCP is a single buyer, non-cancellable credit protection solution for accounts receivable from high-yield buyers, designed for companies that cannot secure traditional trade credit insurance or factoring.

Why is Evolution Credit Partners’ TCP significant?

It addresses a persistent gap in the trade finance market by providing tailored credit protection solutions for transactions involving below-investment-grade buyers, where traditional options are unavailable or insufficient.

How does Evolution’s TCP work?

Evolution’s TCP offers protection against bankruptcy and non-payment events, customizable monthly protection amounts, and works alongside existing credit insurance to meet suppliers’ full needs, among other features.

Who can benefit from Evolution’s TCP?

Suppliers, banks, and factors dealing with high-yield or below-investment-grade buyers who face challenges in securing traditional credit insurance or factoring can benefit from Evolution’s TCP.

When did Evolution Credit Partners launch its TCP business?

Evolution Credit Partners launched its TCP business in late 2020.

Where is Evolution Credit Partners based?

Evolution Credit Partners is headquartered in Boston, Massachusetts, with an office in New York, New York.

What are the key features of Evolution’s TCP offering?

Key features include protection against bankruptcy and non-payment, protection for Preference and Work in Progress, customizable monthly protection amounts, and flexibility to match evolving trade exposure timelines.

Can you provide an example of Evolution’s TCP in action?

Evolution structured a large-scale customized TCP solution for Casas Bahia, a major retail chain in Brazil, enabling them to maintain supply relationships with global vendors despite limited traditional credit insurance availability.

How does Evolution’s TCP compare to traditional trade credit insurance?

Evolution’s TCP is tailored for high-yield buyers and offers non-cancellable protection with customizable features, addressing needs that traditional trade credit insurance cannot meet for certain market participants.

Who should I contact for more information about Evolution’s TCP?

For more information, visit evolutioncreditpartners.com or contact [email protected].