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Payment Default Risks Remain a Crucial Issue for Businesses Across Europe
Date:4/27/2010

pan class="xn-location">France, which along with Germany demonstrated a little seasonality in response rates. Payment defaults increased quite substantially in winter 2010 compared to summer 2009 according to British respondents. Overall, however, there has not been much change in either foreign payment or defaults.

- Business relationships with German customers the most satisfying

- "Credit check" most important factor in decision to sell on credit terms

"Familiarity" ranked second, followed by "track record".

Isidoro Unda, CEO of Atradius, commented: "Despite a gradual recovery of global economies, payment default risks are still a critical issue. Some signs of improvement are evident, but it is not the time for businesses to be complacent. Continued prudence in evaluating the payment landscape and managing credit risks is the best protection against payment defaults and potentially serious cash flow problems."

The "Atradius Payment Practices Barometer" which is designed to track companies' perceptions of payment practices can be downloaded from http://www.atradius.com

About Atradius:

The Atradius Group provides trade credit insurance, surety and collections services worldwide, and has a presence through 160 offices in 42 countries. Atradius has access to credit information on 52 million companies worldwide and makes more than 22,000 trade credit limit decisions daily. Its products and services aim to reduce its customers' expo
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SOURCE Atradius N.V.
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