A policy a participant holds with their own insurer that pays when a buyer does not; recorded on the protocol so the covered and uncovered share of what they are owed is measured against it.
A policy a participant holds with their own insurer that pays when a buyer does not; recorded on the protocol so the covered and uncovered share of what they are owed is measured against it.
GRAJ does not sell, quote or arrange it. Cover is bounded by the exposure, not the limit — a $1m policy over a $45k book covers $45k — and only a policy recorded as trade credit counts.
Every term here is one the protocol actually uses, defined for somebody who was never taught it — with the part that usually goes wrong. All terms →