Del credere risk,
Definition of Del credere risk:
Of or relating to the guarantee of payment given by a selling agent or broker on behalf of a buyer, as in del credere agent, del credere account, del credere terms, etc.
A guarantee, given by a selling agent or broker on behalf of a buyer, to pay the seller if the buyer fails to do so.
Probability of loss from the inability or unwillingness of a counterparty to fulfill its payment obligations.
In the function of guarantor. Chiefly in to stand del credere: (of a selling agent or broker) to provide a guarantee, in an agreement brokered between buyer and seller, to pay the seller if the buyer fails to do so; to stand as guarantor.
Meaning of Del credere risk & Del credere risk Definition