The use of trade credit insurance is becoming more prevalent among businesses. Here is a quote from a recent article in CFO's online magazine regarding the subject of credit insurance: "...Yet by July 2003, Skyworks managed to get a $50 million credit line by securitizing its receivables with Wachovia Bank, says Vincent. The company was able to achieve that by strengthening the creditworthiness of its receivables with a seldom used, and somewhat misunderstood, financing tool: trade-credit insurance. The Woburn, Massachusetts chipmaker bought a policy from Atradius Trade Credit Insurance Inc. to cover about $60 million of its $94.4 million in receivables, effectively guaranteeing that the amount would be paid to Skyworks even if a customer failed to pay its bill or significantly delayed payment, Vincent explains." And here is a link to the full article: http://www.cfo.com/article.cfm/4455934?f=home_featured Mike