By Charlotte GAUCHON
22 March 2025
In the business world, the fear of non-payment is a constant preoccupation for all sellers. There are a number of guarantees available to secure commercial transactions, but one of them, del credere, is often overlooked despite its effectiveness. Stemming from a long tradition in commercial law, this technique transfers the risk of a customer's insolvency to an intermediary, usually a bank. This article gives you an overview of this mechanism, its forms and its advantages, while the more technical aspects are developed in our dedicated articles. What is del credere? A definition and its origins According to a legal dictionary, the name del credere is a translation of the Italian expression del credere, meaning "of trust". Historically, it was developed in the Middle Ages to secure trade, particularly international trade. Its modern definition is that of an agreement by which a person, called the del credere, guarantees the performance of a contract....
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