Home > Term: GSM-102, Intermediate-Term Export Credit Guarantee
GSM-102, Intermediate-Term Export Credit Guarantee
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.
- Jenis Kata: noun
- Industri / Domain: Pertanian
- Kategori: Program & hukum pertanian
- Company: USDA
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