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.

You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.

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

You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.

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.
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.

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
You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.

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,

You focusfocus on exports. We cover the risks. You on exports. We cover the the risks.

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.