The Export Finance Facility (EFF) scheme provides short-term credit to small and developing exporters in Fiji at concessional rates during periods before and after export sales. There are two types of financing available - pre-shipment financing for up to 90 days or 20% of export value to facilitate production, and post-shipment financing through discounted export bills for up to 180 days. Eligible exports must meet value added rules of 40-50% local content. The Reserve Bank of Fiji administers interest rates set at commercial banks and Fiji Development Bank, currently offering financing to exporters at 6% annually under the EFF scheme.
This PPT contains information about Export Credit Corporation of India, focused on ,
What is Orgnaisation & it's function ?
It will help to exporters of India and other countires also it will help to Students who are studing International business
Export Credit Guarantee Corporation of IndiaIsha Joshi
Export Credit Guarantee Corporation of India Ltd. ( ECGC ) is a Government of India Enterprise which provides export credit insurance facilities to exporters and banks in India. It functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking , insurance and exporting community. Over the years, it has evolved various export credit risk insurance products to suit the requirements of Indian exporters and commercial banks. ECGC is the seventh largest credit insurer of the world in terms of coverage of national exports. The present paid up capital of the Company is Rs. 1200 Crores and the authorized capital is Rs. 5000 Crores.
ECGC is essentially an export promotion organization, seeking to improve the competitive capacity of Indian exporters by giving them credit insurance covers comparable to those available to their competitors from most other countries. It keeps its premium rates at the lowest level possible.
This PPT contains information about Export Credit Corporation of India, focused on ,
What is Orgnaisation & it's function ?
It will help to exporters of India and other countires also it will help to Students who are studing International business
Export Credit Guarantee Corporation of IndiaIsha Joshi
Export Credit Guarantee Corporation of India Ltd. ( ECGC ) is a Government of India Enterprise which provides export credit insurance facilities to exporters and banks in India. It functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking , insurance and exporting community. Over the years, it has evolved various export credit risk insurance products to suit the requirements of Indian exporters and commercial banks. ECGC is the seventh largest credit insurer of the world in terms of coverage of national exports. The present paid up capital of the Company is Rs. 1200 Crores and the authorized capital is Rs. 5000 Crores.
ECGC is essentially an export promotion organization, seeking to improve the competitive capacity of Indian exporters by giving them credit insurance covers comparable to those available to their competitors from most other countries. It keeps its premium rates at the lowest level possible.
The presentation deals with the Export Credit Guarantee Corporation of India, Includes..
1.Introduction
2.Evolution
3. Roles
4. Functions
5. Present scenario
6. Last 3 years Financial Performance
7. Major Services Offered
8. Strength, Weakness, Opportunities, Threat(SWOT) Analysis
9. Conclusion
Export Credit Guarantee Corporation of India (ECGC) NIKHILESHMODGIL
The ECGC Limited is a government enterprise. It is under the ownership of the Ministry of Commerce and Industry, Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters.
MIA and ECGE were formed to cover the commercial, political and credit risks of exporters. There are several maritime perils that are often encountered while exporting. They include perils of the sea, fire, men-of-war and enemies, pirates rovers and thieves,jettison, letters of mart and countermart, capture at sea and Barratry.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
Export Import Banking … providing financial assistance to exporters and importers, and … functioning as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country's international trade...
The presentation deals with the Export Credit Guarantee Corporation of India, Includes..
1.Introduction
2.Evolution
3. Roles
4. Functions
5. Present scenario
6. Last 3 years Financial Performance
7. Major Services Offered
8. Strength, Weakness, Opportunities, Threat(SWOT) Analysis
9. Conclusion
Export Credit Guarantee Corporation of India (ECGC) NIKHILESHMODGIL
The ECGC Limited is a government enterprise. It is under the ownership of the Ministry of Commerce and Industry, Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters.
MIA and ECGE were formed to cover the commercial, political and credit risks of exporters. There are several maritime perils that are often encountered while exporting. They include perils of the sea, fire, men-of-war and enemies, pirates rovers and thieves,jettison, letters of mart and countermart, capture at sea and Barratry.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
Export Import Banking … providing financial assistance to exporters and importers, and … functioning as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country's international trade...
this ppt is made on transition of indian forex market from era of fera regulations to fema regulations .This ppt does not have updated data on various sector fdi .
Will the new ECB frameworks change the borrowing strategies for Indian Corpor...SAS Partners
- Understand the basics of the revised overseas borrowing framework
- Enlighten the companies about the new avenues of capital flow.
- Evolve various reporting mechanisms and the consequences of violation
- The implication of revised framework from Banker’s perspective.
1. EXPORT FINANCE FACILITY
Objective
The export sector contributes significantly to Fiji’s
economic growth. While there are some
established exports, there are many small and new
exporters that may need financial support before
and after they sell their exports. For instance, an
exporter may wait for three months before the
export proceeds are received, and may need money
during that period. Similarly, a small exporter may
obtain a large export order, but need additional
finance to be able to export the products. In order
to assist these small and developing exporters, the
Reserve Bank of Fiji (RBF) in 1983, introduced
the Export Finance Facility (EFF) scheme. The
scheme enables exporters of eligible products to
obtain short-term credit from the commercial
banks and Fiji Development Bank (FDB) at a
concessional rate of interest.
Types
There are two types of finance available under the
EFF. These are as follows:
• Pre-shipment finance allows an eligible
exporter to obtain credit from lending banks for
the period prior to the shipment of the goods,
to facilitate the production of eligible goods for
exports. There are two types of pre-shipment
finance available: a 90 day Facility and a
Lump Sum Facility. The 90 day facility is
where exports take place on firm export orders
and an exporter may borrow up to the full
amount of the export order subject to the
drawdown rules. Under the Lump Sum
Facility, the exporter will be entitled to borrow
up to 20 percent of the total value of exports.
An eligible exporter is permitted to use only
one of the facilities at a time.
• Post shipment finance allows exporters to
discount export bills with banks at
concessional rates. This facility is available for
a maximum period of 180 days.
How the Scheme Operates
The scheme is available through the commercial
banks and FDB. The RBF provides finance to
these lenders, if needed. Commercial banks and
FDB have been delegated to approve funding
under this scheme. The Reserve Bank's approval is
only needed if funds are advanced from the RBF.
Apart from the EFF eligibility rules and value
added criteria, exporters also need to meet the
commercial banks/FDB’s lending criteria.
Eligibility Rules
All exports, except for exports of sugar, molasses
and gold, qualify provided they satisfy the value
added rules. The EFF is also available for the
construction of up-market hotels and exports of
certain professional services such as architectural,
engineering and maritime services.
Value Added Rules
All exports (except those excluded under the
eligibility criteria) under the SPARTECA or
Cotonou Agreements (known as LOME agreement
prior to February 2000) automatically qualify for
the EFF. The item exported must have at least 50
percent domestic content from SPARTECA or
Cotonou countries. Exports to other destination
must have at least 40 percent local (Fiji) value
added.
Interest Rates
Under the EFF, the maximum interest rate charged
to customers by their commercial banks/FDB is set
by the RBF from time to time. Currently, finance
to exporters under the EFF is available from the
commercial banks and FDB at an interest rate of 6
percent per annum. The RBF refinances the
commercial banks/FDB at 2 percent per annum.
Further information
For more information on the use of the Export
Finance Facility, please contact your commercial
bank, FDB or RBF’s Financial Markets Group 322
3378/322 3351. You may also visit the RBF’s
website on www.reservebank.gov.fj.