#1
20th December 2015, 11:20 AM
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Meaning of ECGC
I want to get information about the Meaning of ECGC, so here can you provide me information about it as well as way of ECGC help exporters?
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#2
20th December 2015, 11:21 AM
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Re: Meaning of ECGC
If you want to get information about the Meaning of ECGC as well as way of ECGC help exporters, then here I am providing you information about it as you want. The ECGC is stand for Export Credit Guarantee Corporation, The ECGC, of India Limited is a company wholly owned by the Government of India based in Mumbai, Maharashtra. The ECGC provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. ECGC; Provides a range of credit risk insurance covers to exporters against loss in export of goods and services. Offers Export Credit Insurance for Bankers and financial institutions to enable exporters to obtain better facilities from them. Provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan. ECGC help exporters by; Offers insurance protection to exporters against payment risks Provides guidance in export-related activities Makes available information on different countries with its own credit ratings Makes it easy to obtain export finance from banks/financial institutions Assists exporters in recovering bad debts Provides information on credit-worthiness of overseas buyers Notable Records Largest Policy – short term Rs.450 crores Largest claim paid Rs.120 crores Quickest claim paid 2 days Largest database on buyers 8 lakhs Largest credit limit Rs.80 Crores Highest compensation-Iraq Rs 788 Crores |