✦ Future Product · UNIONE™ Innovation

Enforcement Bond.

The most transformative product in the UNIONE™ pipeline. An award-backed financial instrument — underwritten by a trade credit insurer — that converts a final arbitral award into a liquid, bankable instrument. Launch: 2027, subject to insurer partnership.

Award Liquidity Trade Credit Insurance ERR-Backed Awards As Instruments 2027 Launch Target Insurer Partnership Required

Express Interest · innovation@theunione.org Read The Concept

The Concept

Awards should be bankable. Right now, they are not.

A winning claimant with a USD 10M arbitral award faces a problem: the award is a legal right to receive money — but it is not money. Enforcement in a complex jurisdiction takes 18 months and USD 2M in enforcement costs. The claimant has won, but they cannot pay their suppliers.

The Enforcement Bond solves this. It is a financial instrument — issued by UNIONE™ and underwritten by a trade credit insurer — that pays the claimant the award value (minus the insurer's premium) immediately after the ERR confirms enforceability. The insurer then collects from the losing party.

The ERR is the enabling technology. Without a credible institutional enforceability assessment, no insurer can underwrite the award. The ERR produces exactly that. The Enforcement Bond is the logical commercial product built on top of it.

Step 1

UNIONE™ conducts ERR

ERR confirms enforceability in the relevant asset jurisdictions. Enforceability Certificate issued. This is the institutional assessment that underpins the Bond.

Step 2

Insurer underwrites the award

Trade credit insurer reviews the ERR and Enforceability Certificate. Makes a credit decision — same process as any trade credit insurance decision.

Step 3

Bond issued to claimant

UNIONE™ issues the Enforcement Bond. Claimant receives the award value (net of premium) immediately.

Step 4

Insurer collects from losing party

Insurer pursues enforcement against the losing party, using the ERR as the enforcement roadmap.

Why This Needs An Insurer Partner

UNIONE™ cannot carry this risk. Nor should it.

The underwriting risk must be carried by a trade credit insurer with the balance sheet, regulatory capital, and enforcement recovery capability to hold it.

The right partners are Atradius, Euler Hermes, Lloyd's syndicates, or equivalent. The conversation has begun. The ERR is the institutional asset that makes UNIONE™ a credible partner for that conversation.

If you are an insurer or reinsurer: innovation@theunione.org →

Timeline & Status

ERR operational

Institutional enforceability assessment is live on every UNIONE™ award.

Insurer conversations underway

Conversations with potential underwriting partners have begun. Barcelona 2026 target for first partnership announcement.

Pilot programme

Pilot with one insurer on 5–10 cases. Q1 2027 target.

Commercial launch

Full commercial product. Q3 2027 target.