Case Study: BP achieves total balance sheet protection with Bondaval MicroBonds

How BP extend credit with certainty

BP's credit team was facing challenges with traditional credit security instruments, which they found to be inflexible and inefficient. Existing solutions like Trade Credit Insurance and Letters of Credit were expensive and failed to keep up with the demands of their business.

Bondaval implemented MicroBonds, a fully-digital platform that provided BP with 100% non-cancellable cover for 12 months at a lower cost. This solution from Bondaval resulted in total balance sheet protection and streamlined procedures for the credit team. The product also carries an "A" rating from S&P.

BP

Tomas Kozma​

Credit Manager