ECGD

ECGD: 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:

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ECGD — abbrev Export Credits Guarantee Department, a UK government department * * * ECGD [ECGD] ; » ↑Export Credits Guarantee Department … Useful english dictionary
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ECGD — abbreviation Export Credit Guarantee Department … Dictionary of banking and finance

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