Project: Design, Supply and Installation of Telecommunication Equipment

This transaction is part of a Supplier Framework Agreement in which ATI is providing insurance to protect the credit sale and delivery of equipment for an international telecommunications company. The project will help to increase efficiency and decrease telecommunications costs. It will also create employment opportunities through the construction of network sites which have been outsourced to Malawian construction firms.
A unique aspect of this deal is the client’s use of insurance. They are using the insurance to cover both their risks and receivables – their insured receivables are then used to secure bank financing. The existing credit shortage in African markets has resulted in a surge in demand from companies interested in using ATI’s insurance products for their receivables financing.

Maximum Sum Insured: $7.5 million