Issue in a Snapshot
CRS now offers payments performance data on 96% of the countries that we cover.
This means Paydex will cover Canada, all the newer members of the EU, all of the countries in the Balkans and most of the Commonwealth of Independent States (CIS).
This re-engineering has significantly strengthened our coverage of countries in Africa, Eastern Europe and the Middle East.
Only CRS provides Paydex based on over 2.0m experiences. For some countries where national credit bureau data is weak or absent, we are perhaps the most reliable source of payments performance data.
Regional and Global Coverage for Extended Paydex Data
(% of CRS countries covered)
Source: D&B
Country Risk Services’ (CRS) is pleased to announce a considerable advance in the coverage for the payments performance data we provide. CRS has just completed a re-engineering of the collection of its cross-border transactional experiences which has allowed us to extend our payments performance data to 96% of the countries that we cover.
CRS’ proprietary Payments Performance Data (Paydex) provides a yardstick for the risk of payment delay arising in cross-border transactions, based on the experiences of a range of independent, US companies that trade world-wide. Our data is drawn from an unparalleled database of cross-border payment experiences, helping our customers to make informed decisions about market conditions to minimise their risk when extending credit. This can take the place of company specific data when this is not available, or help to inform a credit manager’s understanding of prevailing payment trends within a country. Where other companies extrapolate cross-border payments risks from national payments performances or rely on anecdotal or incomplete information, only we provide authentic cross-border experiences on such a scale (our latest data set for the year to Q3 2009 is based on 2.1m experiences). For some countries where national credit bureau data is weak or absent, we are the most reliable source of payments performance data.
In terms of our coverage, we now offer cross-border payments performance data for Canadian counterparties. In addition, we have extended our data to cover all the newer members of the EU, all of the countries in the Balkans and most of the Commonwealth of Independent States (CIS). We have also improved our coverage of some of the riskiest countries in the world, providing data for Afghanistan, Belarus, Cuba, Iraq, Myanmar and Sudan. This re-engineering has significantly strengthened our coverage of countries in Africa, Eastern Europe and the Middle East.
Africa
CRS will now dramatically extend its Paydex coverage for countries in the region to 88%. In addition to our existing Paydex coverage of South Africa, we will also provide Paydex for: Algeria, Angola, Botswana, Cameroon, Cote d’Ivoire, Democratic Republic of Congo (DRC), Ethiopia, Gabon, Ghana, Kenya, Libya, Malawi, Mauritius, Morocco, Mozambique, Namibia, Nigeria, Senegal, Sudan, Tanzania, Tunisia, and Uganda.
Eastern Europe
CRS will now offer 92% Paydex coverage for the region. In addition to our existing Paydex coverage of the Czech Republic, Hungary and Poland, we will provide Paydex for: Albania, Belarus, Bosnia & Herzegovina, Bulgaria, Croatia, Estonia, Georgia, Kazakhstan, Kyrgyz Republic, Latvia, Lithuania, Macedonia, Romania, Russian Federation, Serbia, Slovakia, Slovenia, Tajikistan, Turkmenistan, and Ukraine.
Middle East
CRS will now offer 100% Paydex coverage for the region following the inclusion of Paydex data for Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Syria, and Yemen. CRS will continue to offer coverage of Egypt, Israel, Saudi Arabia and the United Arab Emirates (UAE).
Asia-Pacific
CRS will now offer 100% Paydex coverage for the region. We have extended our coverage to include: Afghanistan, Cambodia, Fiji, Myanmar, Nepal and Papua New Guinea. CRS will continue to offer coverage of Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Korea (South), Malaysia, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.
Americas and Western Europe
CRS will now offer 100% Paydex coverage for both regions. In the Americas, this follows the addition of data for Canada and Cuba. Finally, in Western Europe we have extended our Paydex data to cover Cyprus, Greece, Iceland, Ireland and Malta.