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Commodity Credit Corporation Supplier Credit Guarantee Program

farm-program · Commodity Credit Corporation · Rule · Published 1996-07-01 · Effective 1996-08-30 · 61 FR 33825

Document

Document number
96-16674
Federal Register citation
61 FR 33825
CFR reference
7 CFR 1493
Type
Rule
Action
Interim final rule with request for comments.
Category
farm-program
Sub-agency
Commodity Credit Corporation
Publication date
1996-07-01
Effective date
1996-08-30

Abstract

The Commodity Credit Corporation (CCC) is issuing this interim rule which amends the regulations for the Commodity Credit Corporation's (CCC) Export Credit Guarantee Program (GSM-102) and the Intermediate Export Credit Guarantee Program (GSM-103) by adding a new subpart D, Supplier Credit Guarantee Program (SCGP). The SCGP is designed to assist exporters of U.S. agricultural commodities who wish to provide relatively short term (up to 180 days) credits to their foreign buyers. Under SCGP, CCC will guarantee payment of such credits by the foreign buyer, and the exporter may assign such guarantees to an eligible U.S. financial institution. This program will be administered by the Office of the General Sales Manager (GSM), U.S. Department of Agriculture, on behalf of CCC.

Source

Authoritative
Federal Register document
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