Export Credits Guarantee Department
- Export Credits Guarantee Department
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Export Credits Guarantee Department (ECGD)
United Kingdom
The United Kingdom's (UK's) official export credit agency (ECA). It aims to help UK exporters of goods and services sell to overseas buyers and UK firms to invest overseas. To do this it works with exporters, project sponsors, banks and buyers and provides:
• Insurance and reinsurance to UK exporters against non-payment by their overseas buyers.
• guarantees for bank term loans to facilitate the provision of those loans to overseas buyers of goods and services from UK exporting companies. Goods typically exported are military equipment and aircraft.
• Political risk insurance to UK investors in overseas markets.
The ECGD is a government department whose statutory powers are set out in the Export and Investment Guarantees Act 1991. For more information, see the ECGD website:
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
Export Credits Guarantee Department — ˌExport ˌCredits Guaranˈtee Deˌpartment written abbreviation ECGD noun COMMERCE ORGANIZATIONS a British government organization that provides British companies with export credit insurance and so encourages them to export their goods abroad: •… … Financial and business terms
Export Credits Guarantee Department — The Export Credits Guarantee Department (ECGD) is the United Kingdom s official Export Credit Agency (ECA). It is a separate Government Department, reporting through a Minister of State to the Secretary of State for Business, Enterprise and… … Wikipedia
(the) Export Credits Guarantee Department — the Export Credits Guarantee Department [the Export Credits Guarantee Department] (abbr ECGD) a British government department that provides insurance for British companies when they sell their goods abroad. The department pays companies for their … Useful english dictionary
Export Credits Guarantee Department — ECGD A UK government department that operates under the Export and Investment Guarantees Act (1991). It encourages exports from the UK by making export credit insurance available to exporters and guaranteeing repayment to UK banks that provide… … Big dictionary of business and management
Export Credits Guarantee Department — (abbr ECGD) a British government department that provides insurance for British companies when they sell their goods abroad. The department pays companies for their goods, for example, if their foreign customers do not pay them. * * * … Universalium
Export Credits Guarantee Department — ECGD A UK government department that offers credit insurance to UK exporters. Certain sections of the ECGD were privatized in 1991, including short term credit insurance … Accounting dictionary
Export credit agency — Export credit agencies, known in trade finance as ECAs, are private or quasi governmental institutions that act as intermediaries between national governments and exporters to issue export financing. The financing can take the form of credits… … Wikipedia
export credit agency — (ECA) International, United Kingdom A private, governmental or quasi governmental agency which provides support to promote the export of goods and services from the country in which the export credit agency (ECA) is based. The support can take… … Law dictionary
specific bank guarantee — An unconditional guarantee from the Export Credits Guarantee Department to a UK bank enabling that bank to finance an exporter s medium term credit to an export customer without recourse; the arrangement is known as supplier credit in contrast to … Accounting dictionary
specific bank guarantee — An unconditional guarantee from the Export Credits Guarantee Department to a UK bank enabling that bank to finance an exporter s medium term credit to an export customer without recourse; the arrangement is known as supplier credit in contrast to … Big dictionary of business and management
