Improvements in export finance

Quarterly Bulletin 1967 Q4
Published on 01 December 1967

In July this year the Export Credits Guarantee Department announced the introduction of a scheme for extending their unconditional bank guarantees to the finance of short-term export transactions on 'open account'. It supplements the bill scheme, introduced in March 1966, for guarantees to banks in respect of export credit secured by buyer's bills or promissory notes with a tenor of between thirty days and two years.

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