|Société Nationale d'Assurance de Crédit et du Cautionnemen (SONAC) | Export Credit Agency (ECA) in Senegal|
About Société Nationale d'Assurance de Crédit et du Cautionnemen
Founded in 1998, Société Nationale d’Assurance de Crédit et du Cautionnement (SONAC) provides credit insurance (domestic and export) and financial sureties for Senegal, and was one of the very first companies in West Africa to specialize in credit insurance and guarantees.
SONAC SA guarantees all trades in credit insurance and surety bonds through insurance and co-insurance contracts which provide protection against credit risk.
With over 20 years of solid experience in credit insurance, SONAC has received the approval of the International Conference of Insurance Markets (CIMA) for the regulation and control of the insurance sector in the FRANC Zone, and works in perfect harmony with a global network of leading reinsurance partners to give our customers better access to our products.
A summary of Société Nationale d'Assurance de Crédit et du Cautionnemen
Products and services offered by Société Nationale d'Assurance de Crédit et du Cautionnemen
- Export credit (Political and Commercial risk)
Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals