ECGC_GROUP_5 - ExportCreditGuaranteeCorporation...

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Export Credit Guarantee Corporation   Presented by Group  -  5 Simon Choudhury Smriti Pattnaik  Somyakant Mohapatra Subhasis Mohanty Sunil Kumar Singh Swaroop Ranjan Baghar    Tapan Kumar Jena Titiksha Mohanty  Vaishali Joshi
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    What is ECGC? Export  Credit  Guarantee  Corporation  of  India  Limited,  was  established  in  the  year  1957  by  the  Government  of  India  to  strengthen  the  export  promotion  drive  by  covering the risk of exporting on credit. 
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    What does ECGC do?  Provides a range of credit risk insurance covers to  exporters  against  loss  in  export  of  goods  and  services   Offers  guarantees  to  banks  and  financial  institutions  to  enable  exporters  to  obtain  better  facilities from them  Provides Overseas Investment Insurance to Indian  companies  investing  in  joint  ventures  abroad  in  the form of equity or loan 1/2
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    How does ECGC help exporters?  Offers  insurance  protection  to  exporters  against payment risks  Provides  guidance  in  export-related  activities  Makes  available  information  on  different  countries with its own credit ratings  1/ 2
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    How does ECGC help exporters? Makes it easy to obtain export finance from banks/financial institutions  Assists exporters in recovering bad debts  Provides  information  on  credit-worthiness of overseas buyers 2/2
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    Need for export credit insurance  Risks even at the best of times  War  or  civil  war  may  block  or  delay  payment  Coup or an insurrection Balance of payment problems  Insolvency or protracted default of buyers 
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ECGC_GROUP_5 - ExportCreditGuaranteeCorporation...

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