| | | Financing programsSupplier Credit Guarantee ProgramThe Supplier Credit Guarantee Program is unlike any other credit guarantee or insurance program in the world. The program is designed to make it easier for exporters to sell U.S. food products overseas by insuring short-term, open account financing. Under the security of the SCGP, U.S. exporters become more competitive by extending longer credit terms or increasing the amount of credit available to foreign buyers without increasing financial risk. Foreign buyers benefit because they can increase their purchasing power and profit opportunities, and gain significant cash flow management advantages. Export Credit Guarantee ProgramsThe Commodity Credit Corporation (CCC), U.S. Department of Agriculture, administers export credit guarantee programs for commercial financing of U.S. agricultural exports. The program encourages exports to buyers in countries where credit is necessary to maintain or increase U.S. sales, but where financing may not be available without CCC guarantees. Two program underwrites credit extended by the private banking sector in the United States (or, less commonly, by the U.S. exporter) to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for food and agricultural products sold to foreign buyers. The Export Credit Guarantee Program (GSM-102) covers credit terms up to three years. | | NewsUSDA announces $400 million in bank guarantees for Russia Russian HRI Sector Growth Fueled by Rising Incomes Developments in the Russian Organics Market Meat Customs Clearance in Vladivostok RUSSIA ALLOWS FOR IMPORTATION OF U.S. LIVESTOCK SearchSite map | | |