Kredit Och Garantiförsäkringsföreningen, Kff / The Swedish Credit Insurance And Surety Association

KFF is a joint organisation for insurers, insurance brokers and other parties with interest in credit insurance and surety bonds, hereinafter referred as guarantees, in Sweden. The Association´s main purpose is to spread knowledge about the importance of credit Insurance and guarantees. This should be accomplished by education, PR, and other activities to the Swedish industry and banks. KFF includes the Swedish Export Credits Guarantee Board (EKN), private credit insurance companies, brokers, banks and other persons/companies of value in an association whose purpose is to spread knowledge and information about the value of trade credit insurance and guarantees for Swedish domestic and and export trade. Trade credit insurance offers protection for the insured company if the buyer (insured´s client/customer) fails to pay. Apart from protecting the insured´s revenue, credit insurance makes expansion into new markets and unknown buyers possible, as well as making it possible to offer longer credit periods. Credit insurance can also support bank finance which may improve terms under finance agreements negotiated by insured companies with their banks. A surety/bond is, in its legal form, a security and is more or less identical with guarantees issued by banks. By using an Insurance company to issue the guarantee the client does not have to provide collateral. Today the members of of KFF protect around 500 billion SEK in Swedish trade.