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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Get startedSociété 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.
Key Stats
Name:
Société Nationale d’Assurance de Crédit et du Cautionnemen
Country:
Senegal, Africa
CEO:
—
Founded:
1998
Employees:
—
Government:
Senegal
Company Number:
—
Address:
55, Rue Wagane Diouf, Trianon Building
E-mail Address:
sonacourrier@sonac.sn
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)
Website:
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
Speak to our trade finance team
- AFRICAN TRADE INSIGHTS