Export Credit Guarantee
From Open Risk Manual
Revision as of 14:51, 13 February 2020 by Wiki admin (talk | contribs)
Definition
Export Credit Guarantee. It is an assurance normally provided by a government agency that safeguards financial institutions against losses that could arise from financing export transactions. It facilitates vendors'access to pre-/post-shipment credit from a financial institution. It is a powerful incentive to exporting.
Export credit guarantees do not involve the actual provision of funds to the vendors.
