TTMEM - Japanese to English glossary of credit insurance terms

Japanese to English glossary of credit insurance terms

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保険期間中有効であり保険者によって取消すことのできない与信限度額。ただし、格付けの低下支払遅延等のあらかじめ約定された一定の事態の発生により自動的に失効する。	Credit limits which remain valid for the duration of the policy period and cannot be cancelled by the insurer. Cover, however, may be automatically deactivated on the occurrence of certain defined events, e.g. rating downgrade, overdue payments etc.
買主の財務状況が悪化している場合において、その被保険者に対するカバーは解除されないという趣旨の特約この特約を附帯すると、与信限度額が解除された場合であっても信用保険カバーは存続することができる。	Order that the insured cannot be released from if the buyer's financial soundness is deteriorating. Under pre-defined conditions, credit insurance may be offered for such contracts even after withdrawal of the credit limit.

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