Practice notes on export credit agency finance

The three new practice notes are:

1. Practice note, Export credit agency finance: overview, explains the key elements of ECA covered finance, the nature and operation of ECAs, the types of risk covered, and the claims and recovery process.
2. Practice note, Export credit agency finance: types of cover, explains the structure of the two most common forms of export credits to which ECA cover applies, namely buyer credit and supplier credit. It also considers direct lending by ECAs.
3. Practice note, Export credit agency finance: key documents and terms, considers the key documents (such as the application for cover, the ECA support document, and the facility agreement), as well as key ECA support terms and facility agreement terms in relation to an ECA buyer credit facility.

The first two practice notes were written in collaboration with Ed Harkins, Managing Director at GKB Ventures and Chair, Financial Services Committee, at Business Council for Africa.