The glossary to understand and take action

Office du Ducroire (ODL)

The Office du Ducroire supports the international development of Luxembourg businesses, notably through insurance solutions and support for promotion abroad, subject to its conditions.

Administration ou organisme professionnel · Luxembourg Fiduciaries Editorial Team · Reviewed on

Understand the scope

Its role for your business

Insurance against commercial risk and assistance with market prospecting follow different principles. Coverage, exclusions, eligible costs and procedures must be considered separately.

In your file

When to contact them and what to prepare

Before an international transaction, describe the customer, the country, the payment terms and the commercial project. For assistance, check the timetable and eligible expenses. For insurance, understand the monitoring and reporting obligations in the event of difficulties experienced by the debtor; coverage is not an unconditional guarantee of payment.

A scenario to help you understand

Educational example

A business is preparing its first sales in a foreign market and separately examines the payment risk and the market prospecting budget.

Fictitious situation, presented to illustrate the concept.

Prepare for what comes next

Points to check

  • Identifier le risque ou la dépense
  • Lire les conditions de couverture ou d’aide
  • Prévoir les justificatifs et déclarations

Connecting concepts

Terms to know as well

Continue with the concepts, contacts and procedures related to this topic.

Doubtful receivableA receivable whose recovery involves uncertainty that must be examined and documented.Business planThe business plan presents the project, its market, its organisation and its financial forecasts.Customs declarationA customs declaration provides information on the goods and the procedure requested in an operation subject to customs. It is based in particular on their nature, value, origin and the parties to the transaction.Bank reconciliationA check that explains differences between the transactions and balances of a bank account and those recorded in the accounts.Aged trial balanceA statement that allocates receivables or payables by age at a given date, in order to organise their monitoring.Working capital requirement (WCR)The working capital requirement (WCR) measures the financing absorbed by the operating cycle, notably inventory and receivables, less operating liabilities.

Put it into practice

Explore further with our guides

Practical guideThirteen-week cash flow plan: building useful monitoring

Sources and verification

References consulted on 20 September 2026. Official procedures specify the applicable conditions and exceptions.

This guide explains a general process. The applicable rules depend on your situation; it does not constitute personalised advice. Report a correction.

A definition gives you a reference point. To examine your situation, clarify your question with a professional.