Loan Insurance Scheme and Loan Insurance Scheme Plus
The Loan Insurance Scheme (LIS) is a joint programme between IE Singapore and SPRING Singapore, to help Singapore-based companies secure short term trade financing lines by getting them insured by commercial insurers against insolvency risks. A portion of the insurance premium is sponsored by the Government. LIS supports both domestic and export-oriented loans, in the areas of inventory/stock financing, structured pre-delivery working capital and factoring/invoice or accounts receivable discounting.
As part of the government’s business financing enhancements in February 2009, the Loan Insurance Scheme Plus (LIS+) was introduced as a complementary programme to LIS, whereby the Government will share insolvency risks with PFIs on loans that are beyond the capacity of current LIS insurers.
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