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Export Credit Guarantee Programs
The Commodity Credit Corporation (CCC), U.S. Department of Agriculture, administers export credit guarantee programs for commercial financing of U.S. agricultural exports. The programs encourage exports to buyers in countries where credit is necessary to maintain or increase U.S. sales, but where financing may not be available without CCC guarantees.
Two programs underwrite credit extended by the private banking sector in the United States (or, less commonly, by the U.S. exporter) to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for food and agricultural products sold to foreign buyers. The Export Credit Guarantee Program (GSM-102) covers credit terms up to three years. The Intermediate Export Credit Guarantee Program (GSM-103) covers longer credit terms up to 10 years.
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GSM 102 and GSM 103 Fact Sheet | ||||||||
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OECD Negotiations on Export Credit Programs | ||||||||
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Qualification Application for CCC Export Guarantee and Subsidy Programs | ||||||||
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Summary of Export Credit Guarantee Program Activity (Country Allocations) | ||||||||
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GSM 102 and GSM 103 Press Releases | ||||||||
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Notices to Program Participants | ||||||||
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Commodities Eligible for Coverage Under GSM 102 and SCGP (September 2002) | ||||||||
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Export Assistance, Food Aid, and Market Development Programs | ||||||||
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Regulations and Policies | ||||||||
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Marketing video: "The Keys to Successful Trade" | ||||||||
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Brochures: | ||||||||
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Commodity Credit Corporation (CCC) links | ||||||||
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Last modified: Wednesday, October 29, 2003 |
