Credit insurer Groupe Coface has launched the first global trade debt rating on the web called @rating.
The @rating system offers an immediate evaluation of the risks associated with the non-payment of trade debt, through the use of a simple credit rating.
It aims to give a uniform and consistent approach to worldwide credit assessment, and at a very low price.
It applies the well-known practice of agency ratings for financial lending, to the world of trade debt.
The European Commission has given its support for the initiative, as have a number of other ecommerce and credit management companies, including Kompass International, Tradecard, Wisekey and the Credit Alliance and InfoAlliance networks.