Department of
Agriculture
Foreign
Agricultural
Service
ECG-11-98
November 1998
Export Credit Guarantee
Program Activity
|
United
States Department of Agriculture Foreign ECG-11-98 |
Monthly
Summary of Export Credit Guarantee Program Activity |
...Allocations Announced for Fiscal Year 1999
...Applications for Coverage Under Allocations Announced
...Allocation Balances by Country and Commodity
MONTHLY SUMMARY
This Summary Report shows Fiscal Year (October) commitment figures, as of the date indicated, for the Commodity Credit Corporation's (CCC) Export Credit Guarantee Program (GSM-102), the Intermediate Export Credit Guarantee Program (GSM-103) and the Supplier Credit Guarantee Program.
CAUTIONARY INFORMATION ON USE OF THIS REPORT
The enclosed tables reflect only exporter applications for guarantees which have been entered into the GSM-102/103 computerized System. At any given time, exporter applications are in process, and not all of those received (e.g., by facsimile) have been entered into the System. Moreover, all applications are initially entered into the System on a provisional basis until price review has been completed, the guarantee fee has been received, and the written guarantee has been issued. Thus, some applications now in the System may in the future be removed, and the commodity balances correspondingly increased. Users of this Report should be aware of these characteristics/limitations of the enclosed tables.
Additionally, users should be aware that the footnotes placed in the tables are intended only to highlight certain items which need to be interpreted with additional information. The footnotes are indicative only and not a substitute for the actual provisions of program announcements.
Summary of FY 98 Export Credit Guarantee Program Activity for GSM-102 as
of close of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 3/)FY 1998 Received Balance 1/2/
--coverage in millions of dollars--
Andean Region 350.00 28.40 321.60 5/9/10/
Cotton (36) 3.40
Feed Grains (36) 8.40
Oilseeds (36) 1.10
Protein Meals (36) 2.10
Rice (36) 3.20
Vegetable Oils (36) 0.30
Wheat;Wheat Flour;
Semolina (36) 9.90
Other Commodities (36) 0.00
Argentina 7.00 0.00 7.00 5/9/10/
All Commodities (36) 0.00
Azerbaijan
All Commodities (36) 5.00 0.00 5.00 5/9/10/
Baltic Region 15.00 0.00 15.00 4/5/9/11/
All Commodities (24) 0.00
Brazil 105.00 14.80 90.20 10/
Livestock, Breeder (36) 0.00
Sub-Total... 5.00 0.00 4.80
Fruit, Fresh (18) 0.20
Rice (18) 14.60
Other Commodities (18) 0.00
Sub-Total... 100.00 14.80 85.20
Summary of FY 98 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 3/)FY 1998 Received Balance 1/2/
--coverage in millions of dollars--
Central American Region 110.00 4.10 105.90 5/9/10/
Cotton (36) 3.05
Feed Grains (36) 0.50
Protein Meals (36) 0.03
Vegetable Oils (36) 0.52
Other Commodities (36) 0.00
Central Europe Region 10.00 0.00 10.00 4/5/9/11/
All Commodities (24) 0.00
China 200.00 23.90 176.10 5/9/10/
Oilseeds (36) 23.90
Other Commodities (36) 0.00
East Africa Region 35.00 0.00 35.00 5/10/
All Commodities (36) 0.00
East Caribbean Region 60.00 6.80 53.20 5/9/10/
Feed Grains (36) 0.30
Protein Meals (36) 0.50
Rice (36) 2.00
Wheat (36) 4.00
Other Commodities (36) 0.00
Egypt 100.00 0.00 100.00 5/7/10/
Other Commodities (12) 0.00
Summary of FY 98 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 3/)FY 1998 Received Balance 1/2/
--coverage in millions of dollars--
Georgia, Republic of 5.00 0.00 5.00 5/9/10/
All Commodities (36)
India 20.00 0.00 20.00 5/9/10/
All Commodities (36)
Indonesia 400.00 18.60 381.40 4/
Barley Malt (36) 0.00
Brine Shrimp eggs (36) 0.00
Corn Products (36) 0.00
Cotton (36) 2.30
Cotton Fabrics, 100% (36) 0.00 12/
Cotton Yarns, 100% (36) 0.00 12/
Dairy Products (36) 0.00
Feed Grains (36) 0.00
Fruit, Dried (36) 0.00
Fruit, Fresh (36) 0.00
Fruit Juices (36) 0.00
Hay (36) 0.00
Hides and Skins (36) 0.00
Leather (36) 0.00
Meat, Frozen or Chilled (36) 0.00
Oilseeds (36) 16.30
Planting Seeds (36) 0.00
Potatoes (36) 0.00
Poultry Breeder Stock (36) 0.00
Protein Meals (36) 0.00
Pulses (36) 0.00
Rice (36) 0.00
Tree Nuts (36) 0.00
Wheat; Wheat Flour;
Semolina (36) 0.00
Wood Products, Solid
(720 Days) 0.00
Wool; Mohair (36) 0.00
Jordan 60.00 0.00 60.00 4/14/
Wheat (36) 0.00
Sub-Total... 40.00 0.00 40.00
Feed Grains (12) 0.00
Fruit, Fresh (12) 0.00
Protein Meals (12) 0.00
Sub-Total... 20.00 0.00 20.00
Kazakstan 10.00 0.00 10.00 4/5/9/11/
All Commodities (24) 0.00
Malaysia 100.00 13.50 86.50 5/9/10/
Oilseeds (36) 12.50
Wheat (36) 1.00
Other Commodities (36) 0.00
Summary of FY 98 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 3/)FY 1998 Received Balance 1/2/
--coverage in millions of dollars-
Mexico 750.00 176.50 573.50 5/8/9/10/
Corn Products (24) 0.20
Cotton (24) 89.60
Feed Grains (24) 24.20
Oilseeds (24) 32.10
Protein Meals (24) 6.40
Rice (24) 0.20
Tallow; Grease; Lard (24) 3.30
Vegetable Oils (24) 10.10
Wheat; Wheat Flour;
Semolina (24) 10.40
Other Commodities (24) 0.00
Morocco 10.00 0.00 10.00 5/9/10/
All Commodities (36) 0.00
Philippines 100.00 10.00 90.00 5/9/10/
Wheat (36) 10.00
Other Commodities (36) 0.00
Poland 25.00 0.00 25.00 5/9/10/
All Commodities (36) 0.00
Romania 45.00 0.00 45.00 4/5/9/
All Commodities (36) 0.00
Southeast Asia Region 90.00 0.00 90.00 4/
Barley Malt (36) 0.00
Brine Shrimp Eggs (36) 0.00
Corn Products (36) 0.00
Cotton (36) 0.00
Cotton Fabrics (36) 0.00 12/
Cotton Yarn (36) 0.00 12/
Dairy Products (36) 0.00
Feed Grains (36) 0.00
Fish and Shellfish (Fresh,
Chilled, Frozen, Canned,
Salted/Dried (36) 0.00
Fruit Juices (36) 0.00 12/
Fruits, Canned (36) 0.00
Fruits, Dried (36) 0.00
Fruits, Fresh (36) 0.00
Hay (36) 0.00
Hides and Skins (36) 0.00
Ice Cream (36) 0.00 12/
Leather (36) 0.00 12/
Livestock, Breeder (36) 0.00
Meat, Frozen or Chilled (36) 0.00
Oilseeds (36) 0.00
Peanut Butter (36) 0.00 12/
Peanut Flour (36) 0.00
Planting Seeds (36) 0.00
Potatoes (36) 0.00
Poultry Breeder Stock (36) 0.00
Protein Meals (36) 0.00
Rice (36) 0.00
Straw (36) 0.00
Tree Nuts (36) 0.00
Vegetable Oils (36) 0.00
Vegetables, Canned (36) 0.00
Vegetables, Fresh (36) 0.00
Vegetables, Frozen (36) 0.00
Wheat; Wheat Flour;
Semolina (36) 0.00
Wool Products, Solid (720 Days) 0.00
Wool; Mohair (36) 0.00
Summary of FY 98 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 3/)FY 1998 Received Balance 1/2/
--coverage in millions of dollars-
Southeast Europe Region 25.00 0.00 25.00 4/9/11/
All Commodities (36) 0.00
Southern Africa Region 50.00 0.00 50.00 5/9/10/
All Commodities (36) 0.00
Thailand 300.00 0.00 300.00 5/9/10/
Oilseeds (36) 0.00
Leather (36) 0.00
Other Commodities (36) 0.00
Tunisia 20.00 0.00 20.00 4/5/9/
All Commodities (36) 0.00
Turkey 350.00 15.76 334.24 5/9/10/
Corn Products (36) 0.02
Cotton (36) 2.10
Oilseeds (36) 4.50
Planting Seeds (36) 0.14
Protein Meals (36) 3.00
Pulses (36) 0.30
Tallow (36) 0.70
Vegetable Oils (36) 5.00
Other Commodities (36) 0.00
Summary of FY 98 Export Credit Guarantee Program Activity for GSM-102 as of
close of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 3/)FY 1998 Received Balance 1/2/
--coverage in millions of dollars--
West Africa 52.00 0.00 52.00 4/
Animal Genetics (36) 0.00
Cattle (36) 0.00
Livestock, Breeder (36) 0.00
Sub-Total... 2.00 0.00 2.00
Other Commodities (12) 0.00
Sub-Total... 50.00 0.00 50.00 5/
West Caribbean Region 35.00 0.00 35.00 5/10/11/
All Commodities (18) 0.00
TOTAL FOR GSM-102 3,444.00 325.66 3,118.34
For Comparison Purposes: FY 1997Payment Guarantee Commitments through
November 7, 1998.
TOTAL FOR GSM-102 2,461.00 286.76 2,174.34
Summary of FY 98 Export Credit Guarantee Program Activity for GSM-103 as of
close of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 3/)FY 1998 Received Balance 1/2/
--coverage in millions of dollars--
Central American Region 10.00 0.00 10.00 4/
Animal Genetics (7 years) 0.00
Cattle (7 years) 0.00
Livestock, Breeder (7 years) 0.00
China 2.00 0.00 2.00 4/
Animal Genetics (years) 0.00
Cattle (Feeder)(7 years) 0.00
Livestock, Breeder (7 years) 0.00
Colombia 110.00 1.30 108.70
Feed Grains (7 years) 0.00
Meat, Frozen or Chilled (7 years) 0.00
Oilseeds (7 years) 0.00
Rice (7 years) 0.00
Wheat; Wheat Flour
Semolina (7 years) 1.30
Egypt 5.00 0.00 5.00 4/
Animal Genetics (7 years) 0.00
Cattle (Feeder)(7 years) 0.00
Livestock, Breeder (7 Years) 0.00
Indonesia 10.00 0.00 10.00 4/
Animal Genetics (7 years) 0.00
Cattle (Feeder)(7 years) 0.00
Livestock, Breeder (7 years) 0.00 4/
Mexico 50.00 0.70 49.30 13/
Animal Genetics (7 years) 0.00
Cattle (Feeder)(7 years) 0.00
Livestock, Breeder (7 years) 0.70
Philippines 2.00 0.00 2.00 4/
Animal Genetics (7 years) 0.00
Cattle (Feeder)(7 years) 0.00
Livestock, Breeder (7 Years) 0.00 4/
Southern Africa Region 1.00 0.00 1.00 4/
Animal Genetics (7 years) 0.00
Cattle (Feeder)(7 years) 0.00
Livestock, Breeder (7 Years) 0.00
Turkey 40.00 0.00 40.00 4/
Livestock, Breeder (7 years) 0.00
Poultry Breeder Stock (7 years) 0.00
TOTAL FOR GSM-103 230.00 2.00 228.00
For Comparison Purposes: FY 1997Payment Guarantee Commitments through
November 7, 1998.
TOTAL FOR GSM-103 220.00 0.04 219.60
Summary of FY 98 Supplier Credit Guarantee Program (SCGP) Activity as of close
of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 16/)FY 1998 Received Balance 1/2/15/
--coverage in millions of dollars--
Argentina 1.00 0.00 1.00 4/
All Commodities (180) 0.00
Baltic Region 5.00 0.00 5.00 4/
All Commodities (180) 0.00
Brazil 10.00 0.00 10.00 4/
All Commodities (180) 0.00
Central American Region 10.00 0.00 0.00 4/
Rice (180) 0.00
Other Commodities (18) 0.00
Central Europe Region 20.00 0.00 20.00 4/
All Commodities (180) 0.00
China 20.00 0.00 20.00 4/
All Commodities (180) 0.00
East Caribbean Region 5.00 0.00 5.00 4/
All Commodities (180) 0.00
Georgia 5.00 0.00 5.00 4/
Meat, Frozen or Chilled (180) 0.00
Wheat; Wheat Flour; Semolina (180) 0.00
Israel 20.00 0.00 20.00 4/
All Commodities (180)
Jamaica 5.00 0.00 5.00 4/
All Commdities (180) 0.00
Kazakstan 5.00 0.00 5.00 4/
All Commodities (180) 0.00
Korea 50.00 0.01 50.00 4/
Wood Products (180) 0.01
Other Commodities (180) 0.00
Mexico 120.00 15.09 104.91 4/
Fruit, Fresh (180) 0.77
Meat, Frozen or Chilled (180) 2.61
Pulses (180) 0.00
Rice (180) 0.00
Other Commodities (180) 0.00
Summary of FY 98 Supplier Credit Guarantee Program (SCGP) Activity as of close
of business:
November 6, 1998
Announced Exporter Remarks/Additional
Country / Commodity Allocations Applications Information
(Maximum Credit Period 16/)FY 1998 Received Balance 1/2/15/
--coverage in millions of dollars--
Poland 10.00 0.00 10.00 4/
All Commodities (180) 0.00
Southeast Asia Region 50.00 0.00 50.00 4/
Fruit, Fresh (180) 0.00
Other Commodities (180) 0.00
Southeast Europe Region 20.00 0.00 20.00 4/
All Commodities (180) 0.00
Turkey 5.00 0.00 5.00 4/
All Commodities (180) 0.00
TOTAL FOR SCGP 341.00 3.14 337.86
For Comparison Purposes: FY 1996 Payment Guarantee Commitments through
November 7, 1998.
TOTAL FOR SCGP 153.00 0.01 152.99
FOR COMPARISON PURPOSES:
FY 1999 PAYMENT GUARANTEE COMMITMENTS THROUGH 11/6/98:
TOTAL FOR CCC CREDITS 4,015.00 330.80 3,684.20
FY 1997 PAYMENT GUARANTEE COMMITMENTS THROUGH 11/7/97:
TOTAL FOR CCC CREDITS 2,834.00 287.11 2,546.89
1/ These announcement footnotes are indicative
only. See actual provisions set forth in Program Announcements.
These FAS News releases are available on the internet at
http://www.fas.usda.gov or through fax polling. Callers should
set their fax machines for polling and and dial (202) 720-1728.
For additional information, contact the FAS Information Division
(202) 720-7115.
2/ Except as noted, the following terms apply:
--Coverage is available on an FAS/FOB basis
--Maximum coverage is 98% of port value
--Final registration date is 9/30/99
--Final export date is 11/30/99
3/ SHOWN IN MONTHS UNLESS OTHERWISE INDICATED.
4/ Coverage on a C&F basis is available on sales
made on C&F or CIF basis.
5/ Commodities as reflected in program announcement
PR-0580-98. Credit terms as set forth in country/regional program
announcement.
6/ China (102) -Total authorization was $200.0
million, however, $100.0 million remains unallocated i.e.
non-operational.
7/ Egypt(102)--Total authorization was $225.0 million,
however, $125.0 million remains unallocated i.e.,non-operational.
8/ Mexico (102) Total authorization was $1.25 billion,
however, $500.0 million remain unallocated i.e., non-operational.
9/ Credit terms for solid wood products, wood pulp and
wood chips are offered up to 720 days.
10/ Breeder livestock coverage is available on C&F
basis to point of ocean vessel or international carrier
discharge.
11/ For credit periods exceeding 6 months, principal
repayments plus accrued interest are due at 6 month intervals.
12/ Products have been determined to be "high
value products". See program announcement for details.
13/ Mexico(103)--Total authorization was $100.0
million, however, $50.0 million remains unallocated i.e.
non-operational.
14/ Jordan (102)--The eligible buyer for the $40.0
million allocation is Jordan's Ministry of Supply. The $10.0
million allocation offers coverage on sales to buyers in Jordan
other than the Ministry of Supply.
15/ Maximum coverage up to 50 percent of the port
value. No interest coverage is offered.
16/ SHOWN IN DAYS UNLESS OTHERWISE INDICATED.
ECG 11-98
ANDEAN REGION: Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela
BALTIC: Estonia, Latvia and Lithuania
CAUCASUS: Azerbaijan, Georgia and Armenia
CENTRAL AMERICA: Belize, Costa Rica, El Salvador, Guatemala,
Honduras, Nicaragua and Panama
CENTRAL EUROPE: Czech Republic, Hungary and Slovakia
EAST AFRICA: Kenya, Uganda and Tanzania
EAST CARIBBEAN: Barbados, Grenada, Guyana, St. Lucia, St.
Vincent & the Grenadines, Suriname and
Trinidad & Tobago
SOUTHEAST ASIA REGION: Indonesia, Malaysia, Philippines, Thailand and
Singapore
SOUTHEAST EUROPE: Bosnia, Croatia and Slovenia
SOUTHERN AFRICA REGION: Angola, Botswana, Burundi, Lestho, Madagasgar,
Malawi, Mauritius, Mozambique, Namibia, Rwanda,
Seychelles, South Africa, Swaziland,
Democratic Republic of Congo (formerly Zaire),
Zambia and Zimbabwe
SOUTHEAST EUROPE REGION: Bosnia, Croatia and Slovenia
WEST AFRICA REGION: Benin, Burkina Faso, Cameroon, Cape Verde,
Central African Republic, Congo, Cote d'Ivoire,
Gabon, Gambia, Ghana, Guinea-Bissau, Guinea, Liberia,
Mali, Mauritania, Nigeria, Senegal, Sierra Leone and
Togo
WEST CARIBBEAN: Haiti and Jamaica
-----------------------------------------------
BALTIC REGION (SCGP): Estonia, Latvia and Lithuania
CENTRAL AMERICA REGION (SCGP): Belize, Costa Rica, Guatemala, Honduras,
Nicaragua and Panama
CENTRAL EUROPE REGION(SCGP): Czech Republic, Hungary and Slovakia
EAST CARIBBEAN (SCGP): Barbados, Grenada, Guyana, St. Lucia,
St. Vincent & the Grenadines, Suriname, and
Trinidad and Tobago
SOUTHEAST ASIA REGION(SCGP): Indonesia, Malaysia, Philippines, Singapore
and Thailand
SOUTHEAST EUROPE REGION(SCGP): Croatia and Slovenia
ECG 11-98