News

AR Puts available for the Following Retailers

May 24, 2016

Moody’s reports a record $947B in high-yield (“junk”) debt is scheduled for maturity in next 5 years, and many of those companies will struggle to find refinancing.  In light of recent high profile retailer bankruptcy filings, Credit Eureka’s partners in the accounts receivable (AR) put markets have recently put out fresh ‘run’ of corporate names where credit protection is available for purchase:

  • AutoZone
  • Barnes & Noble
  • Best Buy
  • Bon Ton Stores
  • Burlington Coat
  • C&S Wholesale
  • Dillards Federated/Macys
  • HD Supply
  • Home Depot
  • Hudson’s Bay
  • JC Penney
  • Kohl’s
  • L Brands
  • Lowe’s
  • Macy’s
  • Michaels Stores
  • Neiman Marcus
  • New Albertsons
  • Nordstom
  • Office Depot
  • Pep Boys
  • Rite Aid
  • rue21
  • aks
  • Sears/Kmart
  • Sears Canada
  • Staples
  • SuperValu
  • Target
  • Toys R Us
  • Walmart

This list is not comprehensive.

Contact us with interest on these or other names, or to simply learn more about AR put options and how they differ from business credit insurance.

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When is a lien not a lien?

US Bankruptcy Court rules Valero’s claims as creditor via maritime liens are invalid. In a shake up with potentially far reaching consequences the New York Southern District Court has ruled that Valero does not have legal standing via maritime liens on repayment for fuel deliveries to customers where a Valero partner reseller – OW Bunker (bankrupt)– received the customers’ order.  The ruling is expected to shake up commercial maritime supply and financing as it has been commonly understood that if the buyer doesn’t pay, the supplier can arrest the vessel via the maritime lien.  It is common for suppliers to finance receivables based on security provided by maritime liens*.  Valero is appealing the ruling.  If the ruling stands, banks and insurers are more likely to constrain the amount of credit available to suppliers in instances where the supplier does not directly receive the order.

*Credit Eureka note:  Unlike suppliers who relied on maritime liens for security on their sales, suppliers who purchased credit insurance on sales to OW Bunker – the reseller  – have been paid out.

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Risk Management & Non-Payment Protection for Love

February 12, 2016

Guest Blog

Readers of our letters and blog posts know our singular focus in providing companies credit insurance and US Export Import Bank solutions that generate more credit and cashflow for their business. For this weekend we extend a special risk management consultation for couples, and couples-to-be worldwide. In doing so we hand over the pen to BenF, one of our followers who regularly remarks on our posts. He’s offered numerous unsolicited suggestions on how we should be posting.  Fatigued, we yield.  On this occasion we have agreed to give him his opportunity to discuss proper risk management and emotional protection in this forum.  Continue reading

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