Payment Default Risks Remain a Crucial Issue for Businesses Across Europe

AMSTERDAM, April 27, 2010 - Payment defaults in winter 2010 remain above 2008 levels
resulting in heightened focus on credit risk management throughout Europe.
Respondents to the Atradius Payment Practices survey have expressed marginal
improvement in payment behaviour of domestic and foreign buyers in some
markets, but in most cases these improvements may reflect the response to
tighter, more diligent credit management practices and are in some cases
offset by continued weakness in other areas.

The "Atradius Payment Practices Barometer", a twice-yearly
survey of around 1,500 businesses in eight European countries (Belgium,
Denmark, France, Germany, Great Britain, Italy, the Netherlands and Sweden),
conducted for Atradius by the market researcher Heliview, reveals:

    - German companies set the shortest payment term in the EU,
Italian set the longest

Average payment terms remain relatively stable but trend is
towards shorter payment terms. German companies set the shortest payment
terms (19 days on average), followed by Danish and British companies (26
days). Italian companies set the longest payment terms (average 60 days).

    - Domestic payment behaviour in Sweden and Denmark worsens,
improves in Great Britain and France

Danish and Swedish responses suggest continued deterioration
of domestic payment behaviour over the last two years compared to a more
stable environment in other markets. British and French respondents sight
improvement since winter 2009.

    - Domestic customers, on average, paying faster than in
previous survey periods

Except for in the Netherlands, Sweden and Denmark, domestic
payments have accelerated an average of 5 days from the summer 2009 survey
and 12 days from the peak payment duration levels of winter 2009 and summer
2008.

    - No significant change in frequency of domestic payment
delays compared to summer 2009

Belgian responses showed the most significant decline in
frequency of domestic payment delays, overall however no meaningful change
was perceived across the eight countries surveyed.

    - On average, foreign payment behaviour rated worse than in
summer 2009, except for France

Notable decline in rating of foreign payments behaviour in
Belgium, Denmark, Sweden and the Netherlands in winter 2010 compared to
summer 2009 survey. Only French responses showed some small improvement.
Compared to summer 2008, Great Britain joins France as only countries where
responses suggest some small improvement.

    - Overall average frequency of foreign payment delays and
payment defaults relatively unchanged

Compared to summer 2009, the most notable change in frequency
of foreign payment delays was in France, which along with Germany
demonstrated a little seasonality in response rates. Payment defaults
increased quite substantially in winter 2010 compared to summer 2009
according to British respondents. Overall, however, there has not been much
change in either foreign payment or defaults.

    - Business relationships with German customers the most
satisfying

    - "Credit check" most important factor in decision to sell on
credit terms

"Familiarity" ranked second, followed by "track record".

Isidoro Unda, CEO of Atradius, commented: "Despite a gradual
recovery of global economies, payment default risks are still a critical
issue. Some signs of improvement are evident, but it is not the time for
businesses to be complacent. Continued prudence in evaluating the payment
landscape and managing credit risks is the best protection against payment
defaults and potentially serious cash flow problems."

The "Atradius Payment Practices Barometer" which is designed
to track companies' perceptions of payment practices can be downloaded from
www.atradius.com

About Atradius:

The Atradius Group provides trade credit insurance, surety and
collections services worldwide, and has a presence through 160 offices in 42
countries. Atradius has access to credit information on 52 million companies
worldwide and makes more than 22,000 trade credit limit decisions daily. Its
products and services aim to reduce its customers' exposure to buyers who
fail to pay for the products and services they buy. With total income of more
than EUR 1.7 billion and 31% share of the global trade credit insurance
market, its products help protect companies throughout the world from payment
risks associated with selling products and services on credit.

www.atradius.com

For further information: Atradius Corporate Communications, Christine Gerryn, Tel.: +31-20-553-2047, E-mail: christine.gerryn at atradius.com