EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
SCHOOL OF COMMERCE
D.A.V.V. A PRESENTATION ON EXPORT CREDIT GUARANTEE CORPORATION OF INDIA.
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
ORIGIN
ECGC of India ltd was established in the year 1957 by GOI to strengthen the export promotion drive by covering the risk of exporting on credit. Functions under the administrative control of ministry of commerce and industry , Department of Commerce , GOI. It is managed by Board of directors , comprising representatives of Govt. , RBI , banking , insurance and the exporting community.
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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
VISION To excel in providing credit insurance and trade-related services.
MISSION
To support the Indian Export Industry by providing costeffective insurance and trade-related services to meet the growing needs of the Indian export market through the optimal utilization of available resources.
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
What does ECGC do ?
Provides a range of credit risk insurance covers to exporters against loss of goods and services during exports. Offers guarantees to banks and financial institutions , so that the exporters can avail better facilities from them. Provides overseas investment insurance to Indian companies investing in joint ventures abroad in the form of equity or loan.
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
Need for export credit insurance
ECGC has seen a rise in the number of claims due to defaults and insolvencies. As far as number of claims are concerned , developed countries have shown a steep increase in number of claims paid. Export credit insurance is a viable means of securing payments. It is an effective sales and finance tool.
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
EXPORT INSURANCE
Goods
Receivables
Loss or Damage
Exchange Risk
Hedging by Authorized Dealers
Payment Risk
Marine Insurance
CREDIT INSURANCE
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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
How does ECGC help exporters ?
Offers insurance protection to exporters against payment risk. 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 and financial institutions. Assist exporters in recovering bad debts.
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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
Risks Covered by ECGC
RISKS
POLITICAL RISK (Open Cover and Restricted cover )
COMMERCIAL RISK
COUNTRY
BUYER
BANK
LC / NON LC
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LC
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
RISKS COVERED
COMMERCIAL RISKS
Insolvency of buyer Protracted Default of buyer / untimed or delayed payments. Repudiation by buyer
POLITICAL RISKS
War/civil war/revolutions Import restriction Exchange transfer delay Any other cause attributable to importing country
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
Activities / Working of ECGC.
ECGC of India is a member of the BERNE union (international union of credit investment insurers.) All branches of ECGC and its headquarters are ISO 9001:2000 certified. Accredited with iAAA by ICRA.
Largest database of buyers,
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EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
Maintains list of buyers with adverse experience. Full fledged factoring scheme launched. Refined and simplified policies to suit small medium enterprises.[ CRITERIA the SMEs should possess certificate provided by MSME.] Offers marine insurance cover free for its policy holders as add on benefit. ECGC has tied up with United India insurance for this purpose.
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
ECGC signs a memorandum of understanding (MOU) every year with Ministry of Commerce .
Other facts include: 1. Largest credit limit Rs 80 crores. 2. Largest database on buyers around 5 lakhs. 3. Largest claim paid Rs 120 crores. 4. Quickest claim paid in 2 days. 5. Highest compensation was given to Iraq of Rs 788 crores.
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
Thank you
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LIMITED
By
Anisha tiwari Vivian richard
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.
