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LATEST NEWS

Keeping our clients informed.

Latest news and press releases

What been happening in the world of trade credit? See here for all the latest news, articles and events.

NEWS ARCHIVE

The benefits of Top-Up insurance

One of our meat clients held a multi-million dollar limit over their largest customer up until August 2020 when their insurer’s appetite to cover this customer changed and they imposed a 75% reduction on the limit overnight. NCI repeatedly appealed this decision based on supportive financials, strong trading history between our client and their customer, coupled with this particular client having an excellent track record at collecting their trade debts.

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A Word From The General Manager NZ: Phil Ashby

Welcome to 2021, another stop-start year for businesses? I think by now we have all become accustomed to mini lockdowns, alert levels by region and working from home.

2021 is another year of uncertainty. So far, due to government support and protection mechanisms, there have been minimal insolvencies during the Covid period, but will this continue? How much did the Pay Subsidiary and IRD/Bank support relieve the “cash flow” pressure for businesses and, once these are wound back, will we see a new wave of insolvencies and higher unemployment?

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TRADE CREDIT RISK INDEX Q4

Government intervention gives reprieve to Credit Risk… but what about 2021?

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Privacy Act 2020

The new act that comes into effect on 1 December 2020 introduces a number of new privacy protections for individuals and greater obligation for businesses and organisations.  The new Act is to reflect technological changes in the way we do business since the original Act was introduced.

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A Word From The Managing Director: Kirk Cheesman

As we approach the end of 2020, business confidence looks to be increasing with many industries performing well and most lockdown restrictions now removed. NCI’s latest Trade Credit Risk Index reported a sharp decline in credit risk, mainly due to lower incoming claims and collections activity, plus a reduction in Insurer credit limit actions.

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Trade Credit Risk Index Q3

Government measures impact insolvency and collection results

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A WORD FROM THE MANAGING DIRECTOR: KIRK CHEESMAN

What a whirlwind the last few months has been with the impact of COVID-19.

During March, many feared the worst and with significant lockdowns and reduced trading conditions, our industry braced itself for a possible flood of company insolvencies. However, a few months in and our data shows (at this moment in time), many of those fears are yet to be realised.

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Trade Credit Risk Index Q2

Insurer Limit reviews lead to jump in Risk Score

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A Word from the Managing Director: Kirk Cheesman

The current business environment and impacts of COVID-19 are providing various challenges to business communities around the world.

It is anticipated by many economists that, despite the efforts of governments to support their business communities and individuals, there will still be significant fallout relating to trade credit risks into the future.

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Trade Credit Risk Index Q1

Q1 tracking well, until COVID-19…

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