DEL CREDERE AGENCY
In the world of business it is a type of a relationship wherein the the principal and agent acts not only as a salesperson or a broker but also a guarantor of credit extender in a buyer. If the buyer is unable to pay the bill after the transaction is completed, a del credere agent may become liable for the amount that was unable to be collected. A del credere agent can most easily be understood as a combination of a salesperson and an insurance firm. Notably, a del credere agent only becomes liable to pay the principal after the buyer defaults on payment.
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SEC Form 24F-2
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