| Code | DS/UK/104 |
| Corporate Name | Export Credit Guarantee Department |
| Dates | 1919 - |
| OtherFormsOfName | ECGD |
| Activity | The Exports Credit Guarantee Department (ECGD) was established in 1919 providing export credits and assistance to exporters and investors mainly in the form of insurance and guarantees to banks. The Bank of England was involved because of its function as the ECGD's banker and the Discount Office's need to establish the most effective way of marketing the paper generated by these credits in the form of bonds, promissory notes, bills, treasury bills and notes. The difficulties of marketing such paper through conventional channels, the bill market, the Stock Exchange or the clearers proved so intractable that considerable energy was devoted to the establishment of a marketing company which would be a subsidiary of ECGD. Despite encouragement from the Bank this did not happen. The ECGD remains active today, operating as a government department under Act of Parliament. |
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