The Commodity Credit Corporation (CCC), U.S. Department of Agriculture, administers
export credit guarantees for commercial financing of U.S. agricultural exports.
The guarantees encourage 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.
The Export Credit Guarantee Program (GSM-102)
covers credit terms up to three years. GSM-102 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.
IMPORTANT
NOTICE: Due to expiring funding
authority, CCC
has ceased
accepting new applications under most GSM programs.
However, as new funding authority becomes available,
various GSM programs are announced with expiration
dates. Applications will be accepted under
these programs. Exporters are advised to watch
the FAS website closely for additional program
announcements.
NEW!!
USDA announces new online system for U.S. exporters and bankers.
Press Release |
GSM Online System Homepage
Anti-Bribery Notice to
Program Participants (pdf)
