Requesting Discretionary Credit Limits (DCLs) through T.R.U.S.T.™: Benefits and Flexibility

T.R.U.S.T. offers an integrated solution for businesses to easily request and manage Discretionary Credit Limits (DCLs). DCLs can give businesses more flexibility in extending credit to customers without needing explicit approval from the insurer for every transaction.

What are Discretionary Credit Limits (DCLs)?

Discretionary Credit Limits are predefined credit limits that companies can extend to their customers without needing to go through a lengthy approval process from the insurer for each transaction. These limits allow companies to streamline their credit decisions while maintaining compliance with their insurance policy.

How TRUST Simplifies DCL Requests:

With the T.R.U.S.T. platform, requesting a DCL is straightforward and configured to meet your policy requirements. Depending on your policy, eligibility for DCLs may require documentation such as:

• Trade references

• Credit agency reports (T.R.U.S.T. syncs with major credit agencies)

• Payment history with the debtor (Automated from your aging information)

• Other financial metrics required by the insurer

All of these requirements are fully integrated into the T.R.U.S.T. platform, making it easy to submit, track, and manage your DCL requests. T.R.U.S.T. ensures that the information is up-to-date and accurate, improving the chances of approval for your DCLs while ensuring you remain compliant with your policy.

Key Benefits of Using T.R.U.S.T. for DCLs

1. Time Savings: No need to wait for insurer approval on every single transaction, allowing you to focus on growing your business and securing new customers.

2. Comprehensive Information Sync: T.R.U.S.T. connects with major credit agencies, ensuring that you have access to reliable credit reports. This helps streamline the DCL request process by automatically pulling in the necessary data.

3. Customizable to Your Policy: Whether you need trade references or credit reports, T.R.U.S.T. allows you to configure and meet the specific eligibility requirements set by your insurer, minimizing administrative burdens.

4. Real-Time Monitoring: T.R.U.S.T. keeps track of all DCLs, ensuring that you are notified of any changes or updates, keeping your business in compliance at all times.

If you have any questions about requesting DCLs or would like a demo on how to use this feature, feel free to reach out to your Customer Success Manager for assistance.