1. Indemnity Transfer

　　The exporter (seller) procures insurance from SINOSURE and transfers its insurance benefits to a bank, which then grants financing to it. When an insured loss occurs, SINOSURE pays the indemnity payable to the exporter (seller) under the insurance policy directly to the financing bank in full in accordance with the Indemnity Transfer Agreement.

　　2. A/R Transfer

　　The exporter (seller) procures insurance from SINOSURE and transfers its A/R under the insurance policy to a bank. The bank then grants financing to the exporter (seller) and becomes the insured under the transferred insurance policy. When an insured loss occurs, SINOSURE pays indemnity to the financing bank pursuant to the insurance policy and the Accounts Receivable Transfer Agreement.

　　3. Credit Insurance Directly Purchased by the Financing Bank

　　This is a credit risk insurance product. The bank, as an applicant and insured, purchases insurance directly from SINOSURE for its claims and thereby obtains the credit risk protection provided by SINOSURE. When an insured loss occurs, SINOSURE will pay indemnity to the bank pursuant to the insurance policy. Relevant products include:

　　l Export credit insurance (bank) policy

　　l Export credit insurance (forfaiting) policy

　　l Domestic trade credit insurance (import factoring)

　　l Export buyer’s credit insurance

　　l Deferred export contract refinancing insurance

　　l Overseas investment (debt) insurance

　　l Overseas leasing insurance