Back-up Servicing

 

Back-up servicing is a specialised service that is primarily of interest for international financial institutions. When one of your customers suddenly finds itself in financial difficulty, we ensure a quick collection service. This gives you the extra security that you need.

How does it work?

Atradius Collections starts collection activities within 24 hours, nationally or internationally. On the basis of a Back-up Servicing contract, you can also offer your clients with a lower rating (for example from Standard & Poor's) an Asset-backed Securitisation programme.
 
Atradius is the only collection specialist with this unique package. If desired, you can also purchase separate modules.

What does it entail?

Back-up Servicing consists of three phases which result in the following advantages for you:

Set-up

  • Audit of the original owner (this can also serve to support the bank's Due Diligence)

  • Development of a plan to collect the outstanding claims

  • Implementation of this plan within your collection system

  • Electronic transfer of the original owner of the claims

Stand-by

  • Regular uploads

  • Analysis of the possessions

  • Reports on developments in the accounts receivable process

  • Regular Credit Process Review and Recovery Plan update

Activation

  • Notification via a letter within 24 hours after detection
  • Demand for payment and collection of outstanding amounts
  • Reports to the financing party

 

Would you like to

  • Contact us
  • Get a quote
  • Calculate your savings with the DSO Calculator
  • Learn more about Atradius Collections

 

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