How to Apply
Status: Open
New to the Program? Start by submitting the Exporter Qualification Application.
Program Parameters
Participants are advised to note the following program parameters and limitations that are referenced in 7 CFR 1493 subpart C.
- Maximum tenor: 10 years
- Maximum guarantee coverage (principal): 100% (after deduction of the initial payment)
- Initial payment percentage: 15%
- Eligible local costs percentage: up to 30%
- Eligible interest: the lesser of (1) the interest rate specified between the U.S. financial institution (or seller) and the foreign financial institution; or (2) 80 percent of the average investment rate of the most recent 52-week Treasury bill auction as announced by the Department of Treasury prior to the date the eligible interest rate is established or adjusted. For a given contractual event, the interest rate used to calculate eligible interest will be established as of the date of performance and remain in effect through the first interest and/or principal due date. CCC will adjust that rate as of each interest and/or principal due date. The adjusted rate shall take effect on the day after an interest and/or principal due date and remain in effect though the next interest and/or principal due date. [Note: In the event of any discrepancy between this website and the payment guarantee, the language on the payment guarantee shall prevail.]