Insuring financial assets extends beyond the conventionally insured items such as: property, plant, equipment, and inventory. Accounts receivable represents a major balance sheet asset. Uninsured accounts receivable leave a company vulnerable to loss on one of their most liquid assets.
Credit insurance unlocks the maximum value of your accounts receivable portfolio for financing purposes. In a conventional operating line of credit - credit insurance may maximize accounts receivable margining formulas. In a factoring solution, credit insurance eases the conversion of accounts receivable to cash by minimizing the credit default risk for the financial institution.
Millennium enjoys strong relationships with leading Canadian lenders and other niche financial institutions.
For more information contact Millennium in one of our offices: Toronto, Cambridge, Ottawa, or Montreal.