The Insurance Policy in which the selling company (policyholder) receives insurance from the insurer (Credit Guarantee Fund) in the event of unforeseen losses due to the inability or default of the purchasing enterprise in the future for the receivables (Accounts receivable + Bills) acquired by supplying goods or services to the purchasing enterprise during the insurance period.

a. Policyholder Requirements

- Size: Small and medium-sized enterprises (except for medium-sized enterprises with an average turnover of less than 300 billion won)

- No restrictions on industry and turnover

- Operating Performance: More than 1 year of operating performance as of the last settlement date

b. Purchasing Company Requirements

- Government, municipal and public institutions, cash-trading enterprises, foreign-based companies, policyholders' affiliated companies, creditworthiness Exclude vulnerable companies, etc.

- Bankruptcy of Purchasing Company

- Closure or dissolution of the purchasing company

- Application for initiation of rehabilitation and bankruptcy and personal rehabilitation proceedings of the purchasing company

- When the payment is not paid within 2 months after the expiration of the receivables settlement date

* Insurance amount of payments
The lesser of [Subscription Insurance Amount] and [Actual Damage Amount X Compensation Rate (up to 80%)]

* Only receivables incurred after the date of insurance are guaranteed