TSI Partners


Branch office Germany
Isaac-Fulda-Allee 1
55124 Mainz

Tel: +49 6131 323 0
E-mail : info-germany@coface.com



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Christian K.
Christian K. Haas
Senior Executive
Coface Finanz GmbH
Christian Haas works with Coface since 20 years. In July 2020 he joined the Financial Institutions team after working eight years in the Structured Finance and another eight years in the Global Solutions team. He and his team are providing credit enhancement and back up servicing solutions for structuring banks and insurance solutions for factoring companies.

One of his ongoing projects is the development of CRR-conform policies for financial institutions.

Christian studied law at the universities of Hannover and Thessaloniki.
Tomislav Knopp
Senior Sales Manager FI
Coface S.A.

Company profile

Coface is one of the leading credit insurers worldwide, employs around 4,250 staff in 100 countries and achieved a turnover of Euro 1.5 billion in 2019. The group supports around 50,000 clients in establishing and developing business. The products and services protect companies in national and international business from bad debt losses and are building blocks in credit management. Coface offers credit insurance, factoring, credit information and debt collection, worldwide for companies of all sizes and sectors.


Credit enhancement for securitisations

For banks and their financing vehicles, special insurance policies "Asset Backed Securitisation - Credit Enhancement Contracts" (ABS CE-Police) are issued to protect securitised portfolios.

The credit enhancement of Coface is a credit insurance which secures the entire structure and its various risks. In addition to the political risks it covers the insolvency and non-payment of purchased and financed receivables within the framework of an ABS transaction. The underlying payment histories of the debtors are used to analyse and assess the debtor structures. This also gives banks a better insight into the risk portfolio and simplifies the due diligence process. In addition, debtor concentrations are covered, because if a single risk accounts for more than two percent of the total portfolio, the concentration risk is hardly manageable and acceptable for banks. 

Banks use credit enhancement as an additional security to raise a portfolio to a better rating. In the event of non-payment or delayed payments, Coface undertakes to pay the defaulted amounts to the investors and to act as a guarantor in the ABS transaction.

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