ECA


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 the form of loans, guarantees or insurance, depending on the mandate the ECA has been given by its government:
Loans: The ECA provides a loan to the overseas purchaser of an export to enable the purchaser to finance the purchase.
Guarantees: The ECA provides a guarantee to the lenders financing the purchase of an export, guaranteeing repayment of their loan in certain circumstances. This guarantee lowers the risk of a transaction and allows lenders to enter into financings which might otherwise not be possible, due to credit or jurisdictional issues. Alternatively, the ECA may guarantee a loan made to an exporter in order to facilitate exports.
Insurance: The ECA provides insurance (and sometimes reinsurance) to exporters against non-payment by the overseas purchasers of their products. An ECA may also provide political risk insurance to companies based in its jurisdiction investing overseas.
Examples of ECAs include the Export Credits Guarantee Department (ECGD) (UK), the Export-Import Bank of the United States (United States), Compagnie Francaise d'Assurance pour le Commerce Exterieur (COFACE) (France) and Euler Hermes Kreditversicherungs-AG (Germany).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • ECA — steht für: European Candle Association, europäischer Verband der Kerzenhersteller ECA International, britisches Unternehmen ECA Groupe, französisches Unternehmen, im Bereich der Robotik und Fernsteuerung tätig ECA Stack, eine Kombination aus den… …   Deutsch Wikipedia

  • ECA — Saltar a navegación, búsqueda ECA son unas siglas que pueden designar: Energía Ciclónica Acumulada, un índice usado por la Administración Nacional Oceánica y Atmosférica de Estados Unidos para expresar la actividad de los ciclones tropicales.… …   Wikipedia Español

  • ECA — iniciales de Enzima de Conversión de la Angiotensina. Se trata de una enzima que cataliza la conversión de la angiotensina I en angiotensina II. Su inhibición reduce la presión arterial esquema [véase http://www.iqb.es/diccio/e/ec.htm#eca] …   Diccionario médico

  • ECA — can stand for:in government and government agencies: * Bureau of Educational and Cultural Affairs, a part of the United States Department of State * Economic Cooperation Administration, a former United States government agency * European… …   Wikipedia

  • eca — s. f. 1.  [Brasil, Informal] Porcaria, sujidade. • interj. 2.  [Brasil, Informal] Expressão designativa de aversão ou nojo (ex.: eca, não gostei nada disso).   ‣ Etimologia: origem duvidosa …   Dicionário da Língua Portuguesa

  • ECA —   [ iːsiː eɪ; Abkürzung für englisch Economic Commission for Africa], regionale Wirtschaftskommission des Wirtschafts und Sozialrats der Vereinten Nationen …   Universal-Lexikon

  • ECA — sigla 1. Ente Comunale di Assistenza 2. ES ingl. Economic Cooperation Administration, ente per la cooperazione economica 3. ES ingl. Economic Commission for Africa, commissione economica per l Africa …   Dizionario italiano

  • eca — (Economic Commission for Africa) commission of the Economic and Social Council of the United Nations that is concerned with economic development of African nations …   English contemporary dictionary

  • ECA — See: Export Credit Agency European Court of Auditors composed of 15 members appointed for 6 years by unanimous decision of the Council of the EU after consulting the European Parliament. It checks EU revenue and expenditure for legality and… …   Financial and business terms

  • ECA — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom.   Sigles d’une seule lettre   Sigles de deux lettres > Sigles de trois lettres   Sigles de quatre lettres …   Wikipédia en Français


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.