ITFA CREDIT RISK INSURANCE (CRI) QUESTIONNAIRE Survey

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* Type of Institution

Bank

Fund

Specialised Financing House

Other

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* Country Department / Division

Trade Finance

Corporate Lending

Syndications

Credit

Legal

CPM

Other

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* Basel III Status

Advanced IRB

Foundation IRB

Standardised

2. INSURANCE USAGE

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* Do you use Credit Risk Insurance?

Yes

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* 2.1 If No: What are the main reasons for not using it?

Income dilution

Too expensive

No increase of credit capacity

Regulatory ineffectiveness

Lack of familiarity

Lack of confidence

Bad experience

Other

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* 2.2 If Yes: What type of exposure do you insure?

Single receivables

Portfolios of receivables

L/Cs

Trade loans

Corporate lending

Off balance sheet obligations (guarantees)

Other

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* How long has the bank been using it?

1-2 years

3-5 years

6-10 years

>10 years

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* Why do you use it?

RWA/regulatory capital mitigation

Risk mitigation

Credit support

Credit portfolio management

Other

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* Do you have a dedicated insurance buying unit?

Yes

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* Do you use a broker?

Yes

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* Do you have more than one broker?

Yes

3. COMMENTS ON USAGE

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* 3.1 If you do not use insurance : What might make you consider using it?

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* 3.2 If you do use it : What are the constraints, if any, on greater usage of CRI?

None

Counterparty limits

Policy Coverage

Expense

Lack of insurance market appetite

Lack of insurance capacity

Insufficient impact on regulatory capital

Insufficient impact on credit capacity

Insufficient insurance rating

Other

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* 3.3 Have you any claims experience?

Yes

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* If Yes, was it satisfactory?

Yes

4 COMMENTS ON PRODUCT

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* 4.1 Are you satisfied with the scope of insurance coverage?

Yes

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* 4.2.1 - What other areas do you consider satisfactory?

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* 4.2.2 - What other areas do you consider unsatisfactory?

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* 4.3 What improvements would you like to see?

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* 4.4 Would you find it helpful if there was a standard market (BAFT/LMA-style) policy form?

Yes

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* 5.1 Do you use ECA insurance?

Yes

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* 5.2 Do you use Risk Participation Agreements?

Yes

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* If yes:

Funded

Unfunded

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* 5.3 What other risk mitigants do you use?

CDS

Other

Additional Information

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* Would you find it helpful to have ITFA training programs?

Yes

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* Type of Institution

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* Country Department / Division

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* Basel III Status

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* Do you use Credit Risk Insurance?

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* 2.1 If No: What are the main reasons for not using it?

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* 2.2 If Yes: What type of exposure do you insure?

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* How long has the bank been using it?

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* Why do you use it?

Question Title

* Do you have a dedicated insurance buying unit?

Question Title

* Do you use a broker?

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* Do you have more than one broker?

Question Title

* 3.1 If you do not use insurance : What might make you consider using it?

Question Title

* 3.2 If you do use it : What are the constraints, if any, on greater usage of CRI?

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* 3.3 Have you any claims experience?

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* If Yes, was it satisfactory?

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* 4.1 Are you satisfied with the scope of insurance coverage?

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* 4.2.1 - What other areas do you consider satisfactory?

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* 4.2.2 - What other areas do you consider unsatisfactory?

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* 4.3 What improvements would you like to see?

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* 4.4 Would you find it helpful if there was a standard market (BAFT/LMA-style) policy form?

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* 5.1 Do you use ECA insurance?

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* 5.2 Do you use Risk Participation Agreements?

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* If yes:

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* 5.3 What other risk mitigants do you use?

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* Would you find it helpful to have ITFA training programs?

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* What level/functions should it be directed at?

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* What are the key areas it should cover?