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GSM-103, Short-Term Export Credit Guarantee Program

GSM-103, Short-Term Export Credit Guarantee Program An Export Credit Guarantee Program that covers credit terms up to 10 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for U.S.-grown food and agricultural products sold to foreign buyers. The CCC guarantee typically covers 98% of principal and a portion of interest.


Selected GSM-103, Short-Term Export Credit Guarantee Program links:

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