Payment Practices Barometer Singapore

International survey of B2B payment behaviour

Executive summary conclusions

Singapore has a trade payment and credit management culture with its own distinct characteristics. The two things which stood out most of all in this survey were the level of credit granted by local companies to their foreign buyers, and the volume and variety of risk mitigation that was put in place to protect this credit against default. Respondents reported that they made 56% of their sales on credit terms, 4% more than the Asia-Pacific regional mean, but it was the appetite for export credit that caught the eye.

  Read full summary conclusions of Atradius Payment Practices Barometer

 

Core results

• 33% of domestic and 30% of foreign receivables were overdue, near regional averages
• 14% of domestic and 11% of export B2B receivables reached delinquency, the highest percentage in the survey
• Insufficient availability of funds was underlined by all of the surveyed industries and business sizes as the most frequent reason for payment delays
• 4.9% and 4.2% of domestic and foreign receivables were uncollectable (Asia-Pacific average 4%) 

  Read all core results of Atradius Payment Practices Barometer

 Download the full Singapore report (in English)

 Download the full Group report (in English)

  View all country reports