Credit Cover — Cloud Receivables
Protects against buyer default on reserved-instance and forward contracts. Makes the receivable financeable and removes concentration risk from growing GPU cloud books.
What we're solving.
Reserved-instance and forward compute contracts generate multi-year receivables from counterparties whose credit quality is often opaque and unrated. Those receivables are the underlying collateral for most GPU cloud debt. When a major customer churns, defaults, or renegotiates, the financing structure can wobble. Lenders protect themselves with concentration limits that cap the provider's growth.
How it works.
Credit insurance on named or portfolio cloud receivables. Covers non-payment arising from customer default, insolvency, or protracted breach. Placed with specialty credit and political-risk insurers. Settles on defined default events or, for named portfolios, against a Credit index.
Turns an unrated private receivable into a financeable asset. Removes concentration risk. Allows the operator to extend credit terms commercially without lender pushback.
Built for these counterparties.
- GPU clouds with large reserved-instance books
- Data centers with exposures to large tenants
- Debt providers financing GPU cloud receivables
- Securitization vehicles bringing compute receivables to capital markets
Talk to us about your structure.
Contact us to discuss your needs and available policy structures.