What Every Importer Should Know About the GSM-102 and GSM-103 Programs
In many countries, U.S. Department of Agriculture (USDA) export credit guarantee programs can help make commercial financing available for imports of U.S. food and agricultural products on deferred payment terms. The GSM-102 and GSM-103 programs guarantee payment from approved foreign banks, normally to financial institutions in the United States that extend credit to them to finance imports of U.S. agricultural commodities. The reduction of risk to financial institutions in the United States may be reflected in lower interest rates and lower financing fees than would be the case without a USDA guarantee, or may make possible financing that would otherwise be unavailable.
This brochure provides answers to commonly asked questions about how to participate in the GSM-102 and GSM-103 export credit guarantee programs. The guide on the back cover outlines the basic steps for participating in these programs, and indicates whom to contact for more information.
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For more information, visit the Export Credit Guarantee Programs Web site at http://www.fas.usda.gov/excredits/exp-cred-guar.html.
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