Short Term Export Credit Guarantee Program
Open-knowledge reference entry

The Short Term Export Credit Guarantee Program (GSM-102) is one of the Commodity Credit Corporation (CCC) export credit guarantee programs. (GSM-102) covers credit terms up to three years. It underwrites credit extended by the private banking sector in the United States (or, less commonly, by the U.S. exporter) to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for food and agricultural products sold to foreign buyers.
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This entry incorporates text from “Short Term Export Credit Guarantee Program” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.