Marketable Risks is a term used in the European Union and refers to those country risks, which are covered by private Receivables Insurance companies without the support of their government. Consequently, Non-Marketable Risks are those country risks for which no cover is available in the private market. Nowadays few country risks are non-marketable. Trade credit insurers determine their position on each country in the world, by underwriting the risks in the country in question based on its economy, stability, currency and payment statistics. As a result, only countries that are at war or that can be considered to have failed economies are usually off cover, and therefore non marketable (e.g. Iraq, Zimbabwe). Country risks are reviewed continuously which can result in changes, making previously non-marketable risks marketable. The reverse is rarely the case, and is usually the result of armed conflict or economic meltdown.