Back-up Servicing

Back-up servicing is a specialized service that is primarily of interest for international financial institutions. When one of your customers suddenly is 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 a lower rating (for example from Standard & Poor's) an Asset-backed Securitization program.
 
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 know more about Back-up Servicing ? Get in contact with us.