Export Credit Guarantee Program (GSM-102)

E1002925

The Export Credit Guarantee Program (GSM-102) is a U.S. government initiative that encourages commercial financing of U.S. agricultural exports by providing credit guarantees to approved foreign buyers.

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Statements (47)

Predicate Object
instanceOf United States government program
agricultural export promotion program
export credit guarantee program
abbreviation GSM-102
administeredBy USDA Foreign Agricultural Service
linked to: USDA FAS

United States Department of Agriculture
alsoKnownAs GSM-102 Export Credit Guarantee Program
appliesTo U.S. agricultural commodities
U.S. agricultural products
beneficiary U.S. agricultural exporters
U.S. financial institutions
approved foreign buyers of U.S. agricultural products
country United States
covers short-term credit
designedFor commercial, not concessional, export financing
focusesOn commercial financing rather than direct government loans
fundingSource U.S. federal government
guaranteeCoverage portion of principal and interest due on the credit
guaranteeType credit risk of foreign banks
repayment of credit extended to foreign buyers
implementedBy USDA regulations
involves credit guarantees issued in favor of U.S. financial institutions
repayment obligations of foreign banks to U.S. lenders
legalAuthority U.S. Agricultural Trade Act authorities
objective facilitate access to credit for foreign buyers of U.S. agricultural goods
maintain and increase U.S. agricultural exports in foreign markets
oversightBy USDA Foreign Agricultural Service
linked to: USDA FAS
policyArea agricultural trade
export promotion
programType guarantee program
provides credit guarantees
purpose encourage commercial financing of U.S. agricultural exports
facilitate exports of U.S. agricultural commodities
reduce financial risk to U.S. exporters and financial institutions
regulator United States Department of Agriculture
relatedProgram Intermediate Export Credit Guarantee Program (GSM-103)
requires approval of foreign banks by USDA
participation of eligible U.S. financial institutions
riskMitigation mitigates non-payment risk by foreign banks
reduces country and commercial credit risk for U.S. exporters
sector agriculture
supports U.S. agricultural export competitiveness
expansion of U.S. agricultural export markets
targetMarket developing countries
emerging markets
timeHorizon short-term export credit
typicalTenor up to 18 months

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Foreign Agricultural Service administers Export Credit Guarantee Program (GSM-102)
Foreign Agricultural Service overseesProgram Export Credit Guarantee Program
subject linked to: FAS
linked to: Export Credit Guarantee Program (GSM-102)
Export Credit Guarantee Program (GSM-102) alsoKnownAs GSM-102 Export Credit Guarantee Program
linked to: Export Credit Guarantee Program (GSM-102)