AMSTERDAM, August 7 /EMWNews/ --



    - 75 Percent of Chinese Exporters Write Off Unpaid Foreign Invoices



    Atradius Collections, recognizing the growing importance of China, is

the first global collections firm to sign a cooperation agreement with a

business partner in China: Flevum-Loenermark in Nanjing. In cooperation

with Flevum-Loenermark, Atradius Collections - a business unit of credit

insurer Atradius - will pursue the collection of unpaid invoices of Chinese

exporters to their foreign customers. More than 75 percent of Chinese

exporters write off unpaid international invoices due to language barriers

and poor administrative routines.



    In addition, Atradius Collections can help Chinese exporters increase

cash flow and reduce bad debts through its sophisticated global network and

uniform way of working through a local presence. In China payment terms of

180 days or even a year are not uncommon. Atradius Collections will only

pursue collection of unpaid Chinese invoices on export to foreign

customers. Only law firms are permitted to operate a domestic debt

collections business in China.



    Atradius Collections expects a monthly collection inflow of

approximately 1 million euros of unpaid debts from Chinese exporters via

Flevum-Loenermark. Raymond van der Loos, director of Atradius Collections,

hopes this cooperation with Flevum-Loenermark will further boost Atradius'

business in China and Asia.

    About Atradius Group



    The Atradius Group provides trade credit insurance, surety and

collections services worldwide, and has a presence in 40 countries. Its

products and services aim to reduce its customers' exposure to buyers who

fail to pay for the products and services customers purchase. With total

revenues of approximately EUR 1.8 billion and a 31% share of the global

trade credit insurance market, its products contribute to the growth of

companies throughout the world by protecting them from payment risks

associated with selling products and services on credit. With 160 offices,

it has access to credit information on 52 million companies worldwide and

makes more than 22,000 trade credit limit decisions daily.



    About Atradius Collections



    Atradius Collections has over 400 staff and 16 offices worldwide,

serving 12,000 clients and handling 27 million transactions per year. With

revenues of EUR 48.2 million in 2007, its collections specialists worldwide

provide customers with local expertise through one global process and IT

platform. http://www.atradiuscollections.com



    http://www.atradius.com