Business and Other Briefings

ECGD:  The Export Credits Guarantee Department (ECGD), the UK's official export credit agency, has launched a public consultation (closes on 3 July 2009) on a proposal to offer a scheme to confirm letters of credit for British exports.
ECGD is the UK's official export credit agency. It works with exporters, project sponsors, banks & buyers to help UK exporters of capital equipment and project-related goods & services, by providing insurance against non-payment risks to UK exporters and guarantees for bank loans to facilitate the arranging of finance to buyers of UK goods.  It also provides insurance against political risks to UK investors in overseas markets.
Press release ~ The Introduction of a Product Guaranteeing Reimbursement of UK Confirming Banks Under Letter of Credit Arrangements
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