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The Export Credits Guarantee Department (ECGD), branded as UK Export Finance (UKEF), is the export credit agency and a ministerial department of the Government of the United Kingdom.
The Export–Import Bank of the United States (EXIM) is the official export credit agency (ECA) of the United States federal government. Operating as a wholly owned federal government corporation, the bank "assists in financing and facilitating U.S. exports of goods and services", particularly when private sector lenders are unable or unwilling to provide financing. Its current chairman and president, Reta Jo Lewis, was confirmed by the Senate on February 9, 2022.
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, when the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter that assumes the counterparty risk of the buyer paying the seller for goods.
A government-sponsored enterprise (GSE) is a type of financial services corporation created by the United States Congress. Their intended function is to enhance the flow of credit to targeted sectors of the economy, to make those segments of the capital market more efficient and transparent, and to reduce the risk to investors and other suppliers of capital. The desired effect of the GSEs is to enhance the availability and reduce the cost of credit to the targeted borrowing sectors primarily by reducing the risk of capital losses to investors: agriculture, home finance and education. Well known GSEs are the Federal National Mortgage Association, known as Fannie Mae, and the Federal Home Loan Mortgage Corporation, or Freddie Mac.
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Export Development Canada is Canada's export credit agency and a Crown corporation wholly owned by the Government of Canada. Its mandate is to support and develop trade between Canada and other countries, and help Canada's competitiveness in the international marketplace.
Kari Gjesteby is a Norwegian politician for the Labour Party. She has never been a member of the Norwegian Parliament, but has been State Secretary for three tenures, as well as Minister of Trade and Shipping from February to October 1981 and Minister of Justice and the Police from 1990 to 1992. After her political career she has been a director in the Bank of Norway, director of the National Library of Norway and the Norwegian Library of Talking Books and Braille and, from 2009 to 2013, the first female State Conciliator of Norway.
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The Export Yellow Pages (EYP) was a multi-media trade and promotion resource for exporters that provides U.S. companies, exporters and export related service providers across all industries a convenient way to engage in export promotion and establish contacts and conduct business and trade around the globe with international buyers. Through the EYP, the Department of Commerce offers all U.S. companies and service providers a free online and print business directory listing and access to the directory and multi-media export.
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Erling Naper is a Norwegian banker and civil servant.
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The Export–Import Bank Reauthorization Act of 2012 amended the Export–Import Bank Act of 1945 to extend the termination of functions of the Export–Import Bank of the United States, which helps financing and insuring foreign purchases of United States goods for customers unable or unwilling to accept credit risk and to aid in creating and sustaining jobs in the United States by financing sales of U.S. produced exports to international buyers. The bill was signed into law on May 20, 2012 and moved the termination of the bank's functions date to September 30, 2014.
Export Insurance Agency of Russia (EXIAR) (Russian: Российское Агентство по страхованию экспортных кредитов и инвестиций, ЭКСАР; Officially: Russian Agency for Insurance Export credits and Investments) is a Russian government agency, which was established on October 13, 2011 as the successor for the Russian Export-Import Insurance Company (Российское экспортно-импортное страховое общество), that had existed since April 23, 1996.
References
- ↑ Henriksen, Petter, ed. (2007). "Garanti-instituttet for Eksportkreditt". Store norske leksikon (in Norwegian). Oslo: Kunnskapsforlaget. Retrieved 23 August 2009.
- ↑ "GIEK's board of directors". The Norwegian Export Credit Guarantee Agency. Retrieved 5 January 2016.
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