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15 September 2021 5:00 pm
When do I need to have my Credit Cover in place?
Suppliers are required to lodge Credit Cover by no later than 12 Working Days before the start of a month within a Delivery Year. Suppliers’ first deadline to lodge Credit Cover for October 2021 is by 5:00 p.m. on 15 September 2021.
How do I lodge Credit Cover?
Credit Cover is accepted as either cash, via a Letter of Credit or a combination of the two. Please note, in order for Credit Cover to be considered as lodged, the cash amount must have been received in the relevant bank account or a valid Letter of Credit must have been received by EMRS. When lodging a Letter of Credit by SWIFT message, please email a copy of the message to the Service Desk.
WP45 – Supplier CM Credit Cover details the process for lodging Credit Cover including the Letter of Credit templates and bank details. G14 – Supplier CM Credit Cover provides further guidance on CM Credit Cover. Should you wish to make changes to the wording of the Letter of Credit then these changes should be authorised by EMRS before submitting to our bankers. Unauthorised changes will be rejected and as a result could delay having your Credit Cover lodged.