Conversion and transfer risk (Transfer risk)
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- July 9, 2014
- by Aman Union
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- The risk of revocation by the buyer’s government of the buyer’s pre-existing legal right to make payment in an invoiced currency other than the currency of the buyer country, at any rate of exchange;
- political risk resulting from an event outside the insured’s country preventing or delaying the transfer of funds paid by the debtor to a local bank
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