Difference between revisions of "GSM-102, Intermediate-Term Export Credit Guarantee Program"
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An [[Export Credit Guarantee Program]] that covers credit terms up to 3 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for U.S.-grown food and agricultural products sold to foreign buyers. The [[ CCC]] guarantee typically covers 98% of principal and a portion of interest. | An [[Export Credit Guarantee Program]] that covers credit terms up to 3 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for U.S.-grown food and agricultural products sold to foreign buyers. The [[ CCC]] guarantee typically covers 98% of principal and a portion of interest. | ||
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[[Category: Agriculture]] | [[Category: Agriculture]] | ||
[[Category: Political Science]] | [[Category: Political Science]] | ||
Latest revision as of 14:36, 29 October 2019
An Export Credit Guarantee Program that covers credit terms up to 3 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for U.S.-grown food and agricultural products sold to foreign buyers. The CCC guarantee typically covers 98% of principal and a portion of interest.
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