Asia Corporate Payment Survey 2016: Tail risks are on the rise
Coface conducts an annual survey to examine corporate payment trends and experiences in eight selected economies in the Asia Pacific (APAC) region. Our corporate payment survey for 2016 showed that non-payment risks escalated on the back of financial stress and a looser approach to credit controls.
Across the eight APAC economies in our survey, the number of respondents offering sales on credit show a slight decrease compared to 2015. Those that did significantly ramped up their credit terms from 55 to 59 days. Only half of the respondent companies checked and monitored buyer credit worthiness in 2016, while one third monitored buyer track records. In addition, there was a notable decline in respondents requesting secured forms of payment. This is a reflection of a looser approach to credit risks.
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