Ecgc (Export Credit Guarantee Corporation)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.
(ECGC)
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)
INTRODUCTION OF ECGC
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 and 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. 900 Crores and the authorized capital is Rs. 1000 Crores.
The Export Credit Guarantee Corporation of India Limited (ECGC) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee of India in 1983
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.
Payments for exports are open to risks even at the best of times. The risks have assumed large proportions today due to the far-reaching political and economic changes that are sweeping the world. An outbreak of war or civil war may block or delay payment for goods exported. A coup or an insurrection may also bring about the same result. Economic difficulties or balance of payment problems may lead a country to impose restrictions on either import of certain goods or on transfer of payments for goods imported. In addition, the exporters have to face commercial risks of insolvency or protracted default of buyers. The commercial risks of a foreign buyer going bankrupt or losing his capacity to pay are aggravated due to the political and economic uncertainties. Export credit insurance is designed to protect exporters from the consequences of the payment risks, both political and commercial, and to enable them to expand their overseas business without fear of loss.
HISTORY OF ECGC
The need for export promotion had started immediately after Independence in 1947. In 1953, a proposal for initiation of an export credit guarantee scheme was put forward at a meeting of the Export Advisory Council. Ministry of Commerce & Industry analyzed in depth the pros and cons of the Export Credit Insurance Scheme and a revised draft proposal on the scheme were presented to the Export Advisory Council in 1955.
Shri T T Krishnamachari, Finance Minister in Pandit Nehrus cabinet appointed a special committee under the Chairmanship of Shri T.C.Kapur to examine the feasibility of setting up an effective organization to provide insurance against export credit risks. The Government accepted the recommendations of Kapur Committee and thus the Export Risk Insurance Corporation (ERIC) was registered on 30th July 1957 in Mumbai as a Private Ltd. Company, entirely state owned, under the Companies Act with an authorized capital of Rs.5 crores and paid up capital of Rs.25 lakhs. Shri Ratilal M Gandhi was the First Chairman and Shri T C Kapur was the First Managing Director of the Corporation. Shri Morarji Desai, Union Commerce Minister inaugurated ERIC and the first Policy was issued on 14th October 1957.
After introduction of insurance covers to banks during the period 1962-64, ERICs name was changed to Export Credit & Guarantee Corporation Ltd in 1964.
To bring Indian identify in the name, ECGC was renamed as Export Credit Guarantee Corporation of India Ltd in the year 1983.
WHAT DOES ECGC DO?

Provides a range of credit risk insurance covers to exporters against loss in export of goods and services.
Offers Export Credit Insurance covers 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.
Offers insurance protection to exporters against payment risks
Provides guidance in export-related activities
Makes available information on different countries with irs own credit ratings
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.
SOURCE: http://agriexchange.apeda.gov.in/Ready%20Reckoner/ECGC.aspx
OBJECTIVES
The Corporation has set before itself the following objectives: 1. To encourage and facilitate globalization of Indias trade. 2. To assist Indian exporters in managing their credit risks by providing timely information on worthiness of the buyers, bankers and the countries. 3. To protect the Indian exporters against unforeseen losses, which may arise due to failure of the buyer, bank or problems faced by the country of the buyer by providing cost effective credit insurance covers in the form of Policy, Factoring and Investment Insurance Services comparable to similar covers available to exporters in other countries. 4. To facilitate availability of adequate bank finance to the Indian exporters by providing surety insurance covers for bankers at competitive rates. 5. To achieve improved performance in terms of profitability, financial and operational efficiency indicators and achieve optimum return on investment. 6. To develop world class expertise in credit insurance among employees and ensure continuous innovation and achieve the highest customer satisfaction by delivering top quality service. 7. To educate the customers by continuous publicity and effective marketing.
CHAPTER 1. Types of investment CHAPTER 2. Export credit insurance for exporters CHAPTER 3. Export credit insurance for banks CHAPTER 4. Special schemes CHAPTER 5. Performance of ecgc CHAPTER 6. Ethics and responsibilities CHAPTER 7. NEIA and awards CHAPTER 8. Policies CHAPTER 9. Recent activities CHAPTER 10. Strategic planning CHAPTER 11. Field Visit: Bank Of India CHAPTER 12. Field Visit: Bank Of Baroda
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HEAD OFFICE
Express Towers, 10th Floor, Nariman Point, Dalamal House, 2nd floor, Mumbai-400 021. Nariman Point Mumbai 400 021 West Wing, J.B. marg, National Marketing Division
MANAGEMENT
SOURCE: http://voguesecurity.net/content/managing-ourcontract
BOARD OF DIRECTORS
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CHAIRMAN CUM MANAGING DIRECTOR
Shri N Shankar Chairman cum Managing Director ECGC of India Limited, Mumbai
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DIRECTORS -GOVT OF INDIA Shri Arvind Mehta Joint Secretary Department of Commerce Dr. Alok Sheel Joint Secretary Department of Economic Affairs, Ministry of Finance, Govt. of India, New Delhi
Ministry of Commerce & Industry, Govt. of India, New Delhi
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC) INSTITUTIONS, COMMERCIAL BANKS & EXPORTERS
Shri V. S. Das Executive Director Reserve Bank of India, Mumbai
Shri T. C. A. Ranganathan Chairman cum Managing Director Exim Bank of India, Mumbai
Shri K. R. Kamath Chairman & Managing Director, Punjab National Bank, New Delhi
Shri A K Roy, Chairman cum Managing Director, General Insurance Corporation of India (GIC) Mumbai.
Shri Hari S. Bhartia Co-Chairman and Managing Director, M/s Jubilant Life Sciences Ltd., New Delhi (Exporter)
Shri M.Rafeeque Ahmed President, FIEO, New Delhi
Shri Vasant Mehta M/s V. Rameshchandra & Company,Mumbai (Exporter)
SENIOR EXECUTIVES
Shri N Shankar Chairman cum Managing Director
Smt.Geetha Muralidhar Executive Director
TYPES OF INVESTMENT
The overseas investment may be made either by way of equity or by way of loans.
Equity: Any contribution made to the enterprise in return for shares either by cash remittances or by way of export of capital goods or services can be covered. Any fees payable towards technical knowhow, consultancy or management services etc., and agreed to be converted into capital will be considered for cover at the discretion of the Corporation.
Loans: Loans advanced by way of a formal agreement but not tied to export of goods and supplies are eligible for cover. Any 'suppliers/buyers' credits and lines of credit extended to support sale of goods or services from India may be covered under the appropriate insurance schemes of the Corporation and not under investment insurance.
Dividend and profit: In case of equity the investor can choose to cover the original investment as well as his share of retained earnings and dividends declared, to the extent they are eligible for repatriation. Cover on account of original investment, retained earnings, dividend receivable and any additional investment will be subject a ceiling of 150 per cent of the original investment calculated as in the proceeding paragraphs. In case of loan, the insurance will cover the principal as well as interest actually earned.
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Portfolio investment: Any investment in shares of overseas concerns not related to setting up, development and expansion of overseas projects would not be eligible for cover under the investment insurance.
Additional investment: Additional investment can be covered subject to a ceiling of 50 per cent of the original investment. Any additional investment out of retained earnings should have been made by formal capitalisation and for the purpose of expansion for development of the enterprise. If the additional investment is made out of retained profits, which are not eligible for repatriation, such an investment will not be eligible for cover. Initially, cover is issued for three years. On expiry of the three years it is at the option of the exporter to renew the cover/review of the JV/WOS by ECGC. The duration of insurance cover shall not normally exceed 15 years but extension can be given up to 20 years for longer projects. The amount of investment eligible for cover shall be to the full extent during the first 10 years of cover. Percentage of cover is 90-can be reduced. The amount of investment eligible for cover will be reduced to 90 per cent, 80 per cent, 70 per cent, 60 per cent and 50 per cent, respectively, of the original investment during the 11th, 12th, 13th, 14th and 15th years of insurance. OII provides cover for original investment retained earnings, dividend receivables and additional investment up to 50 per cent of the original investment. Cover for dividend receivables may not be given in case of risky countries; cover only for original investment. OII covers only political risks of war, expropriation and restrictions on remittances.
Premium rate: Base rate: 1 per cent of the investment value. Actual premium rate will depend on the size of investment, country of investment, previous experience of the Importer etc.
The exporter has to furnish the proposal form along with a fee of 1 per cent of the investment amount subject to a ceiling of Rs 25,000. If cover is agreed application fee paid shall be adjusted towards premium payable. In case the application for insurance is rejected, half the fee paid shall be refunded. Premium is taken upfront. Income from the premium is allocated over the tenor of the cover extended. Installment facility is provided by ECGC for collecting premium after analysing and approving the proposal.
ECGC enters into agreement with the exporters for providing cover mentioning the terms and conditions along with the maximum liability. The exporters have to submit annual reports about the progress and working of the projects.
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EXPORT CREDIT INSURANCE FOR EXPORTER
SHORT TERM
A. Turnover Based Shipment Comprehensive Risk Policy - (SCR)

Shipments (Comprehensive Risks) Policy, commonly known as the Standard Policy, is the one ideally suited to cover risks in respect of goods exported on short-term credit, i.e. credit not exceeding 180 days. This policy covers both commercial and political risks from the date of shipment. It is issued to exporters whose anticipated export turnover for the next 12 months is more than Rs.50 lacs. (The appropriate policy for exporters with an anticipated turnover of Rs.50 lacs or less is the Small Exporter's Policy, described separately).
Small Exporter Policy - (SEC)

The Small Exporter's Policy is basically the Standard Policy, incorporating certain improvements in terms of cover, in order to encourage small exporters to obtain and operate the policy. It is issued to exporters whose anticipated export turnover for the period of one year does not exceed Rs.50 lacs. The nature of commercial risks and political risks cover is similar to that of the Shipment Comprehensive Risk (SCR) or Standard policy.
Specific Shipment Policy - (SSP)

Specific Shipment Policies - Short Term (SSP-ST) provide cover to Indian exporters against commercial and political risks involved in export of goods on short-term credit not exceeding 180 days. Exporters can take cover under these policies for either a shipment or a few shipments to a buyer under a contract. These policies can be availed of by exporters who do not hold SCR Policy .
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Services Policy - (SRC)

Where Indian companies conclude contracts with foreign principals for providing them with technical or professional services, payments due under the contracts are open to risks similar to those under supply contracts. In order to give a measure of protection to such exporters of services, ECGC has introduced the Services Policy.
Export Turnover Policy - (ETP)

Turnover policy is a variation of the standard policy for the benefit of large exporters who contribute not less than Rs. 10 lacs per annum towards premium. Therefore all the exporters who will pay a premium of Rs. 10 lacs in a year are entitled to avail of it.
Export Specific Buyer Policy - (BWP)

Buyer wise Policies - Short Term (BP-ST) provide cover to Indian exporters against commercial and political risks involved in export of goods on short-term credit to a particular buyer. All shipments to the buyer in respect of whom the policy is issued will have to be covered (with a provision to permit exclusion of shipments under LC). These policies can be availed of by (i) Exporters who do not hold SCR Policy and (ii) By exporters having SCR Policy, In case all the shipments to the buyer in question have been permitted to be excluded from the purview of the SCR Policy.
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Consignment Exports Policy - (CEP)

Economic liberalization and gradual removal of international barriers for trade and commerce are opening up various new avenues of export opportunities to Indian exporters of quality goods. One of the methods being increasingly adopted by Indian exporters is consignment exports where the goods are shipped and held in stock overseas ready for sale to overseas ready for sale to overseas buyers, as and when orders are received. The Consignment Policy cover protects the Indian Exporters from possible losses when selling goods to ultimate buyers. There are two policies available for covering consignment export viz;

Consignment Exports (Stock-holding Agent) Consignment Exports (Global Entity Policy)
B. EXPOSURE BASED
Buyer Exposure Policy - (BEP)

Presently, in the policies offered to exporters premium is charged on the export turnover, though the Corporations exposure on each buyer is controlled through a system of approval of credit limits on the buyer for covering commercial risks. While this suits the small and medium exporters, ma ny large exporters having large number of shipments have been complaining about the volume of returns to be filed under the policy necessitating the deployment of their resources for this purpose and also resulting in possible unintentional omissions or commissions in such reporting, which have an impact on the settlement of claims. Two types of Exposure policies are offered, viz,

Exposure (Single Buyer) Policy for covering the risks on a specified buyer and Exposure (Multi Buyer) Policy for covering the risks on all buyers.
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IT-Enabled Services Policy - (ITES)

IT-enabled Services Policy is issued to cover the following commercial and political risks involved in rendering IT-enabled services to a particular customer:
Commercial Risks: Insolvency of the customer. Failure of the customer to make the payment due within a specified period, normally four months from the due date. Buyer's failure to accept the services rendered (subject to certain conditions).
Bank risks :

Bankruptcy of L/c opening bank. Failure of L/c opening bank to make the payment due within a specified period, normally within four months from the due date (Non-payment due to discrepancies in the document will not be covered).
Political risks: Imposition of restrictions by the Government of the customers country or any Government action which may block or delay the transfer of payment made by the customer; War, civil war, revolution or civil disturbances in the customers country New import restrictions or cancellation of a valid import license by authorities in the customers country; Cancellation by the Govt. of India a legally valid and binding contract between the exporter and the customer.
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Small & Medium Enterprise - (SME)

ECGC introduced a Policy exclusively for the SME sector units in 4th July, 2008. The Policy particularly provides the SME Sector easy administrative and operational convenience.
Details of SME policy 1. Policy period: 12 months 2. Processing Fees: Rs.1000 3. Credit limit fees: No 4. Declarations: No 5. Premium: Rs5000 6. Maximum Loss Limit: Rs.10 lacs 7. Single Loss Limit: Rs. 3 lacs 8. Report of overdue: more than 60 days from the due date 9. Waiting period: 2 months from the due date or extended Due date 10. Percentage of cover: 90%
This Policy is meant for exporters engaged in manufacturing activities having invested in plant and machinery or engaged in export of services having invested in equipment as per MSMED Act, 2006. This Policy can be issued to an exporter qualifying as per the MSMED Act, 2006. This Policy can be issued to an exporter qualifying as per the MSMED Act, 2006. The exporter desirous of obtaining the Policy should furnish the certificate issued by the designated authority. (District Industries Centers)
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EXPORT CREDIT INSURANCE FOR BANKS
SHORT TERM
Pre Shipment (PC) -
Whole Turnover Packing Credit - (WTPC)

A bank or a financial institution dealing in foreign exchange is eligible to obtain this Whole-turnover Cover for all its accounts. Period Of Cover: 12 Months
Branch Wise Packing Credit - (BIPC)

A branch of a bank or a financial institution authorized to deal in foreign exchange Branch-wise Packing Credit Cover in respect of one or more of its exporter clients been classified as a standard asset and whose Credit is acceptable to ECGC.
Period Of Cover: 12 Months
Export Credit Insurance For Banks ECIB-INPS(Without Any Exclusion)

Any bank or financial institution who is an authorized dealer in foreign exchange can obtain the Individual Post-shipment Export Credit Cover in respect of each of its exporter-clients who is holding the Standard Policy of ECGC without any exclusion. Period Of Cover: 12 months
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Export Credit Insurance For Banks Individual Post -Shipment (ECIB INPS) for Non -Policy Holders
Any bank or financial institution who is an authorized dealer in foreign exchange can obtain the Individual Post-shipment Export Credit Cover in respect of each of its exporter-clients who is not holding the Standard Policy of ECGC. Period Of Cover: 12 months
ECIB_INPS (Excluding Cover for Shipments Made Against LC)

Any bank or financial institution who is an authorized dealer in foreign exchange can obtain the Individual Post-shipment Export Credit Cover in respect of each of its exporter-clients who is holding the appropriate Comprehensive Risks Policy of ECGC excluding cover for shipments made against L/Cs. Period Of Cover: 12 months
Whole Turnover Post Shipment - (WTPS)

Eligibility A bank or a financial institution dealing with foreign exchange is eligible to obtain this Whole-turnover Cover for all its accounts. Period Of Cover: 12 months
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Export Finance (EF)

Eligibility Any bank authorized to deal in foreign exchange can obtain the Export Finance Cover in respect of its exporter-client who has been classified as a standard asset and whose Credit Rating is acceptable to ECGC Period Of Cover: 12 months
Individual Export Performance (IN-EP)

For banks holding ECGC Whole-turnover Packing Credit Cover (ECIBWTPC), cover under EP shall be considered for all their standard accounts. In respect of other banks, it shall be only for standard accounts with acceptable credit ratings. Period Of Cover: As per the period of the bank guarantee. 12 Months
Whole Turnover Export Performance (WT-EP)

For banks holding ECGC Whole-turnover Packing Credit Cover (ECIB-WTPC), cover under EP shall be considered for all their standard accounts. In respect of other banks, it shall be only for standard accounts with acceptable credit ratings. Period Of Cover: 12 months
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Individual Packing Credit - (INPC)

Packing credit cover can be obtained by the bank that provides advances/credit facilities to the exporters for the purposes of manufacturing, processing, purchasing and/ or packing of goods granted by banks to exporters who enter into contracts for export of services or undertaking construction works abroad. The cover provides protection to the banks against losses suffered on account of non-payment of advances/credit facilities due to insolvency and/ or default of the borrower exporter. Period Of Cover: 12 months
Individual Post Shipment-(INPS)

Any bank or financial institution who is an authorized dealer in foreign exchange that provides post-shipment finance to the exporter by way of purchase, negotiation or discount of export bills after the shipment has been affected pertaining to a particular project. Risks Covered: Protracted default or insolvency of the exporter-client. Period Of Cover: 12 months
EXPORT CREDIT INSURANCE-EXPORT PERFORMANCE (ECIB-EP)

During execution of projects exporters are required to furnish bonds duly supported by bank guarantees at various stages starting from bidding, Advance Payment, Due Performance to releasing retention money which is furnished for completion of defects/warranty period. The exporter furnishes Advance payment bond for receiving advance payment and due performance bond for assuring due performance of the contract. Risks Covered Insolvency of Borrower Protracted Default of Borrower
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Export Finance (Overseas Lending) Guarantee

If a bank financing an overseas project provides a foreign currency loan to the contractor, it can protect itself from the risk of non-payment by the contractor by obtaining Export Finance (Overseas Lending) Guarantee.
ECIB Cash Flow Deficit Financing

The bank financing an overseas project may be required to extend loan to the contractor to overcome cash flow deficits and ensure smooth and timely execution of the project. Such loans can also be granted to the contractors for execution of deemed export projects in India. The cover provides protection to the banks against losses that bank may suffer due to insolvency and default of the borrower.
Buyer's Credit Cover

Insurance Cover for Buyer's Credit And Line of Credit. Buyer's Credit is a credit extended by a bank in India to an overseas buyer enabling the buyer to pay for machinery and equipment that he may be importing from India for a specific project. A Line of Credit is a credit extended by a bank in India to an overseas bank, institution or government for the purpose of facilitating import of a variety of listed goods from India into the overseas country. A number of importers in the overseas country may be importing the goods under one Line of Credit.
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SPECIAL SCHEMES
Transfer Guarantee
When a bank in India adds its confirmation to a foreign Letter of Credit, it binds itself to honor the drafts drawn by the beneficiary of the Letter of Credit without any recourse to him provided such drafts are drawn strictly in accordance with the terms of the Letter of Credit. The confirming bank will suffer a loss if the foreign bank fails to reimburse it with the amount paid to the exporter. This may happen due to the insolvency or default of the opening bank or due to certain political risks such as war, transfer delays or moratorium, which may delay or prevent the transfer of funds to the bank in India. The Transfer Guarantee seeks to safeguard banks in India against losses arising out of such risks. Transfer Guarantee is issued, at the option of the bank to cover either political risks alone, or both political and commercial risks. Loss due to political risks is covered up to 90% and loss due to commercial risks up to 75%.
Overseas Investment Insurance
ECGC has evolved a scheme to provide protection for Indian Investments abroad. Any investment made by way of equity capital or untied loan for the purpose of setting up or expansion of overseas projects will be eligible for cover under investment insurance. The investment may be either in cash or in the form of export of Indian capital goods and services. The cover would be available for the original investment together with annual dividends or interest receivable. The risks of war, expropriation and restriction on remittances are covered under the scheme. As the investor would be having a hand in the management of the joint venture, no cover for commercial risks would be provided under the scheme.
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Customer Specific Policy Cover

In order to cater to the specific need for export credit insurance cover, of reputed large value exporters which otherwise could not be fully addressed under any one of standard products , the customer specific policies have been introduced and are issued to large exporters on a selective basis on the merits respective requests for such cover. Normally such policies are issued without changing the basic risk cover profile of the export transaction. Some of the features of customer specific policies are as under.
Policies can be issued combining feature of more than one standard type(Off the shelf) policies; Policies are issued with the base cover of an appropriate standard policy with added feature from other standard policies if required; Customer specific policies are considered only in respect of cases where anticipated annual premium is more than Rs.10 lacs; The customers policies are issued in line the credit insurance covers approved by IRDA.
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PERFORMANCE OF ECGC DURING LAST FISCAL
Last year's performance has been reasonably good.
Premium income actually crossed Rs 1,000 crore; rose to Rs 1,005 crore from Rs 885 crore. Correspondingly claims payment went up to Rs 713 crore from Rs 621 crore. Recovery has been higher at Rs 169 crore against Rs 137 crore. Because of the current global financial situation claims paid will be higher. You see, we are in the service of promoting exports. Our business has two components: one, direct insurance cover to exporters where we cover risk on the overseas buyers. The other is the cover to banks in India which provide credit to exporters. This business has been higher last year with the premium touching Rs 630 crore from Rs 533 crore.
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RECENT DEVELOPMENT
SOURCE:http://www.google.co.in/imgres?q=growing+business Largest Policy short term Rs.450 crores
Largest database on buyers 8 lakhs Largest credit limit Rs.80 Crore
Largest claim paid Rs.120 crores Quickest claim paid 2 days
Highest compensation-Iraq Rs 788 Crores[citation needed] on 31.3.2012 ECGC has achieved a magical milestone of Rs.1000 Crores of premium income
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CODE OF ETHICS
Ethical codes are adopted by organizations to assist members in understanding the difference between 'right' and 'wrong' and in applying that understanding to their decisions. An ethical code generally implies documents at three levels: 1.codes of business ethics, 2.codes of conduct for employees, and 3.codes of professional practice. A code of business ethics often focuses on social issues. It may set out general principles about an organization's beliefs on matters such as mission, quality, privacy, or the environment. It may delineate proper procedures to determine whether a violation of the code of ethics has occurred and, if so, what remedies should be imposed.
SOURCE:http://www.google.com/imgres?q=CODE+OF+ETHICS
This code shall be called the Code of Ethics and Business Conduct for ECGC employees It shall be applicable to all employees of ECGC. This Code supplements the various laws and regulations applicable to ECGC, as also its internal
policies, guidelines and CDA (Conduct, Discipline and Appeal) Rules, compliance with which is mandatory and violations punishable as prescribed.
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CORPORATE SOCIAL RESPONSIBILITY (CSR)
SOURCE:http://www.google.com/imgres?q=corporate+social+responsibility As per the MOU signed with Ministry of Commerce, Govt. of India for the year 2011-12,ECGC has undertaken following three projects at M Ward, Mankhurd, Mumbai with the help of National Corporate Social Responsibility Hub ( NCSRH) under administrative control of Tata Institute of Social Science, ( TISS ) ,Chembur, Mumbai. 1. Empowerment of Women 2. Scholarship to Meritorious Students from underprivileged sections 3. Support to export oriented Skill Development Centre The above projects will be completed by March2013.
CSR Date: 6/21/2012

Under the Corporate Social Responsibility (CSR) initiatives, ECGC had released an amount of Rs.6.50,500 on 21.4.2011 for construction of first floor to Nirdhar Pratisthan , Mumbai, a registered Charitable Trust under Mumbai Public Trust Act 1950 which provides permanent home care service for mentally challenged persons.
CSR DATE: 4/24/2011

Under Corporate Social Responsibility (CSR) ECGC has donated school bus to Matru Seva Sangh's, Nadanvan School, Nagpur (School for Mentally challenged children) on 01/04/2011. For details, please
CSR DATE: 4/1/2011

Under the Corporate Social Responsibility (CSR) ECGC has donated an amount of Rs.28.45 lacs on 28.03.2011 to Priya Darshani Jan Kalyan Samiti , Gyanpur, Dist. Bhadohi. An NGO providing education to the children of Carpet weavers.
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NEIA?( NATIONAL EXPORT INSURANCE ACCOUNT)
SOURCE:http://www.google.com/imgres?q=india+national+export+insurance+images
The National Export Insurance Account has been set up by the Government of India (GOI) and operated by ECGC to provide adequate credit insurance cover to protect long and medium term exporters against both, political and commercial risks of the overseas country and the buyer/bank concerned. The NEIA trust also provides covers to banks for Buyers Credit transactions which facilitates foreign buyer to pay for project exports from India.
Indian companies secure overseas projects against stiff international competition and needs adequate credit insurance to enhance their competitiveness. Projects are required to be undertaken, specifically due to the long term economic interest and political relationship of India with importing country. Given Indias long term economic and political interests with the concerned country, it is crucial that ability of Indian exporters undertaking such contracts is not hampered by the inability to obtain credit insurance cover. With this view GOI has set up the NEIA.
ECGC, a Govt. of India enterprise under the aegis of the Ministry of Commerce, apart from insuring credit risks under short term exports also provides credit insurance cover to Medium and Long term exporters. However, at times, its own limitations make it difficult for ECGC to cover such risks on purely commercial considerations, taking into account the long repayment period, the large value of the contracts and the difficult economic and political conditions of the country, coupled with the fact that reinsurance cover is generally not available in such cases.
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AWARDS & RECOGNITIONS
ECGC has been conferred the First Prize for the year 2010-11 for excellent implementation of Rajbhasha by Ministry of Commerce. Shri N.Shankar, CMD of ECGC has received the award from Shri Jyotiraditya Scindia, Hon'ble State Minister of Commerce & Industry in the Hindi Advisory Committee meeting held on 7 February 2012.
ECGC has been conferred Indira Gandhi Award for Rajbhasha (2nd prize) for excellent implementation of Rajbhasha by Ministry of Home affairs. Shri Arvind Mehta, CMD of ECGC has received the award from Hon'ble Smt. Pratibha Patil, President of India on 14.09.2011 at a function held at Vigyan Bhawan, New Delhi.
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RBI POLICIES FOR ECGC
SOURCE:http://www.google.co.in/imgres?q=RBI+POLICIES
RBI ECGC
authories
banks
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write
off
GRs
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settlemant
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claim
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1. It has now been decided that Authorised Dealers shall, on an application received from the exporter supported by a documentary evidence from the ECGC confirming that the claim in respect of the outstanding bills has been settled by them, write off the relative export bills and delete them from the XOS statement. Such write-off will not be restricted to the limit of 10 per cent indicated in paragraph C.18(b) of the circular ibid.
2. It is clarified that the claims settled in rupees by ECGC should not be construed as export realisation in foreign exchange and claim amount should not be allowed to be credited to Exchange Earners Foreign Currency Account maintained in terms of Regulation 4 of FEMA Notification No.FEMA 10/2000-RB dated May 3, 2000.
3. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned.
4. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).
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CUSTOMER GRIEVANCE REDRESSAL POLICY
[Pursuant to Board Resolution No. 371/S1-01 dated 26th November 2010]

SOURCE : http://www.google.co.in/imgres?q=customer+grievance+redressal+of+ECGC
The Grievance redressal mechanism of an organization is the gauge to measure its efficiency and effectiveness as it provides important feedback on the working of the Organization. The main purpose of a Grievance Policy is to place an appropriate mechanism whereby the Customer who believe(s) that he/ she has been wronged by any act of the Company is afforded a fair opportunity to redress his/ her Grievance. We have already forwarded the relevant IRDA Guidelines to all the BMs and H. O. Ds on 9th instant. Objectives The objectives of the Grievance Redressal Policy are: (a) To develop an organizational framework to promptly address and resolve customer Grievances fairly and equitability; (b) To provide enhanced level of customer satisfaction; (c) To provide easy accessibility to the customer for an immediate Grievance redressal. (d) To educate the customers about their responsibilities to access benefits due under the policies; (e) To ensure that the customers are treated fairly at all times; (f) To identify systemic flaws in the operational functions of the organization and products suggesting corrective measures; (g) To put in place a monitoring mechanism to oversee the functioning of the Grievance Redressal Policy.
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PROCEDURE FOR POLICY INSURANCE
1. There are application forms with carious Regional Offices of the ECGC which are to be submitted to the nearest Regional Office with a policy fee which may be subject to changes. 2. In case of shipment policies, the exporter undertakes to submit monthly returns in respect of shipments made and the progress of the contractual terms. 3. In case of contract policy, the exporter undertakes to send a declaration monthly on the contract entered into during the preceding month, in addition to shipment made over that period 4. The ECGC should also get a monthly statement of all overdue payment so that it can take steps to avoid possible losses. 5. The ECGC may charge additionally in case they require the bank reports on the foreign buyer.
RISKS NOT COVERED UNDER POLICY

ECGC, however, does not cover risks of loss due to: a. Commercial disputes, including quality disputes raised by the buyer unless the exporter obtains a decree from a competent court of law in buyer's country in his favour. b. Causes inherent in the nature of goods: c. Buyer's failure to obtain import or exchange authorization from the appropriate authority: d. Insolvency or default of any agent of the exporter or of the collecting banks:. e. Loss or damage to goods which can be covered by general insurers: f. Fluctuations in exchange rates (except under Exchange Fluctuation Risk over Schemes)and g. Failure of the exporter to fulfill the term of contract or negligence on his part.
41
42
RECENT ACTIVITIES IN ECGC
Inauguration of split Bank and Exporter Branches at Tirupur/ Hyderabad on 2/7/2012
Inauguration of Faridabad Branch on3/8/2012
Revised Processing Fee structure for the customers from 01st July, 2012.
New Website of ECGC( www.ECGC.in ) launched: The new website of ECGC has been launched on 21.6.2012 by Shri V S Das, Executive Director , Reserve Bank of India in the presence of CMD and Senior Management of ECGC
ECGC pays claim of Rs.67.40 crs to Punjab National Bank
ECGC enters into an alliance with EKN
ECGC gets First Prize for the year 2010-2011 for excellent implementation of Rajbhasha
Recruitment of Probationary Executive Officers 2011-2012
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AT PRESENT INSTITUTIONS TAKING CREDIT LOANS FROM ECGC
Following are the sectors taking credit loans from ECGC.
Currently,
public sector banks forms around
70% of the export financing while
foreign and private lenders form around 15%

each.
ECGC presently covers around 70% of total short term export finance disbursed by
banks in India.
Public sector banks used to take more credit loans as compare to private sector banks.
Individual exporters also takes credit loans.
In
olden days the exporters was not knowing more about the ecgc at that time the
number of institutions taking credit loans was not more.
44
45
STRATEGIC PLANNING is an organization's process of defining its strategy, or direction, and

making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action
The key components of 'strategic planning' include an understanding of the firm's vision & mission.
MISSIONS
It Defines the fundamental purpose of an organization or an enterprise, succinctly describing why it exists and what it does to achieve its vision. For example, the charity above might have a mission statement as "providing jobs for the homeless and unemployed". The mission of ECGC is to support the Indian Export Industry by providing cost effective insurance and trade related services to meet the growing needs of Indian export market by optimal utilization of available resources.
VISION
It outlines what the organization wants to be, or how it wants the world in which it operates to be (an "idealised" view of the world). It is a long-term view and concentrates on the future. It can be emotive and is a source of inspiration. For example, a charity working with the poor might have a vision statement which reads "A World without Poverty." The vision of Export Credit Guarantee Corporation of India Ltd. is to excel in providing export credit insurance and trade related services.
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47
Many organizations are affiliated to ECGC and support its services. Export credit guarantee corporation has signed the corporate agency agreements with many banks out of which I have selected following banks:
FIELD VISIT OF BANK OF INDIA
BANK OF INDIA
Bank of India (BoI) is a state-owned commercial bank with headquarters in Mumbai. Government-owned since nationalization in 1969, It is India's 4th largest PSU bank, after State Bank of India, Punjab National Bank and Bank of Baroda. It has 4157 branches as on 21/04/2012, including 29 branches outside India, and about 1679 ATMs. BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services. The Bank completed its first one hundred years of operations on 7 September 2006. BOI ranked 1st among the nationalised banks as Indias most trusted service brand 2011 ET Nielsen survey.
HISTORY Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks. Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.
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Bank of India is affiliated with ECGC it provides following credit on behalf of ECGC Pre-shipment Credit Post shipment Credit
Following given is the interest rate chart of Bank Of India
Interest Rates (per annum) 1 Pre-shipment Credit (a) Upto 180 days Not exceeding 200 basis points over LIBOR/ EURO LIBOR/ EURIBOR Rate of initial period of 180 days prevailing at the time of extension plus 200 bps
(b) Beyond 180 days and upto 360 days
Post-shipment Credit (a) On demand bills for Not exceeding 200 transit period (as specified basis points over by FEDAI) LIBOR/ EURO LIBOR/ EURIBOR (b) Usance bills (for total Not exceeding 200 period comprising usance basis points over period of export bills, LIBOR/ EURO transit period as specified LIBOR/ EURIBOR by FEDAI and grace period as wherever applicable) Upto 6 months from the date of shipment (c)Export bills (demand Rate for 2(b) above plus or usance) realised after 200 basis points due date but upto date of crystallization
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Following is the chart on rupee export credit other than specified sectors
Category of Export Credit Rates w.e.f. 01.07.10 Large Corporate 9.25 9.25 9.25 Rates w.e.f. 01.07.10 Mid Corporate 9.50 9.50 9.50
(1) 1. Pre-shipment Credit a) i) Period upto 180 days ii) Beyond 180 days and upto 270 days b)Against incentives receivables from Govt. covered by ECGC Gtee upto 90 days 2. Post-shipment Credit a) On Demand Bills for transit period (as specified by FEDAI) Usance Bills * 1. Upto 90 days ii) Beyond 90 days upto 6 months from the date of shipment iii) Upto 365 days for exporters under Gold Card Scheme c) Against incentive receivable from Govt. covered by ECGC Gtee (upto 90 days) d)Against undrawn balances (upto 90 days) e) Against retention money (for supplies portion only) payable within 1 year from the date of shipment (upto 90 days) 3. Deferred Credit For the period beyond 180 days
9.25 9.25
9.50 9.50
9.25
9.50
9.25 9.25
9.50 9.50
9.25 9.25
9.50 9.50
4. Export Credit Not otherwise Specified (ECNOS) a) Pre-shipment Credit b) Post Shipment Credit
Base Rate+ Credit Risk Spread Base Rate +5.00% Base Rate +5.00%
Base Rate + Credit Risk Spread Base Rate +5.00% Base Rate +5.00%
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FIELD VISIT OF BANK OF BARODA
BANK OF BARODA
Bank of Baroda (BoB) is the highest profit-making public sector undertaking (PSU) bank in India and the second largest PSU bank in terms of number of total business in India. It is the country's first largest public sector lender in terms of annual profit. Bob is ranked 715 on Forbes Global 2000 list. BoB has total assets in excess of Rs. 3.58 lakh crores, or Rs. 3,583 billion, a network of 4007 branches (out of which 3914 branches are in India) and offices, and over 2000 ATMs. It plans to open 400 new branches in the coming year. It offers a wide range of banking products and financial services to corporate and retail customers through its delivery channels and through its specialized subsidiaries and affiliates in the areas of investment banking, credit cards and asset management. Its total global business was Rs. 6,722.48 billion as of 31 March 2012. Its headquarter is in Baroda and corporate headquarter is in Bandra Kurla Complex Mumbai.
HISTORY The Maharaja of Baroda, Sir Sayajirao Gaekwad III, Peshwa of the Maratha Empire, founded the bank on 20 July 1908 in the princely state of Baroda, in Gujarat. Two years later, BoB established its first branch in Ahmedabad. The bank grew domestically, until after World War II. Then in 1953 it crossed the Indian Ocean to serve the communities of Indians in Kenya and Indians in Uganda by establishing a branch each in Mombasa and Kampala. The next year it opened a second branch in Kenya, in Nairobi, and in 1956 it opened a branch in Dar-es-Salaam. Then in 1957 BoB took a giant step abroad by establishing a branch in London. London was the center of the British Commonwealth and the most important international banking centre. 1959 saw BoB complete its first domestic acquisition when it took over Hind Bank. The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the government of India.
INTERNATIONAL PRESENCE OF BOB

In its international expansion, the Bank of Baroda followed the Indian diaspora, especially that of Gujaratis. The Bank has 93 branches/offices in 24 countries including 55 branches/offices of the bank, 36 branches of its 8 subsidiaries and 2 representative offices in Thailand and Australia. The Bank of Baroda has a joint venture in Zambia with 16 branches. Among the Bank of Barodas overseas branches are ones in the worlds major financial centers (e.g., New York, London, Dubai, Hong Kong, Brussels and Singapore), as well as a number in other countries. The bank is engaged in retail banking via the branches of subsidiaries in Botswana, Guyana, Kenya, Tanzania, and Uganda. The bank plans to upgrade its representative office in Australia to a branch and set up a joint venture commercial bank in Malaysia. It has a large presence in Mauritius with about nine branches spread out in the country.
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Export Finance
Bank of Baroda, being Indias International bank is very active in Export promotion. With the operating network of our own branches/offices in 25 countries and worldwide correspondent relationships, our clients enjoy comforts in transacting international business. Besides the world-class services, we also provide Export Finance to Exporters at concessive terms to facilitate their competing in the global market. Our Export Finance is made available at pre shipment and post shipment stage to exporters in various types of credit:
Pre-Shipment Finance:
Packing Credit in Rupees. Running Packing Credit in Rupees. Packing Credit in Foreign Currency. Letters of credit/Guarantees for procurement of materials for export.
Post-Shipment Finance:
Purchase of Export Documents under confirmed order. Discounting of Export documents under L/C or confirmed order. Negotiation of documents under L/C. Post shipment demand Loans against Export Bills sent for collection. Export Bills purchase / discounting in Foreign Currency. Advance against export incentive receivables.
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LITERATURE REVIEW
institution, Over the years, it has come a long way in all its operational matrics too as a commercial understanding the market, changing requirements of Indian exporters and making its services
available to exporters across the country.
More importantly, as a non-life insurer, it also could successfully transform itself into a
modern insurance firm with niche base, meeting all regulatory compliances and requirements.
We strive to stay ourselves strong, aim to grow faster and improve our overall efficiency
level, says Mr Shankar, who has long years of experience in export credit business, earlier being Executive Director of Exim Bank, one of Indias largest export promotion institutions. Incidentally, the government has also been supportive and meeting its demands on time, he points out.
ECGC always tries to understand the changing needs of various classes of exporters. It has,
time to time, developed various export credit risk insurance products to meet the requirements of Indian exporters and commercial lenders, he points out.
ECGC has strong and well-defined systems and processes in place. Major strength of
ECGC, he says, lies in its committed and loyal workforce.
Officers are constantly trained on various aspects of business through brain-storming
sessions. Seminars, organized by it for its workforce, are mostly participative in nature for giving better results, says Mr Shankar.
Sometimes they are also sent for programmes organized by out-side agencies, besides its
own programmes with an aim to help them gain better feedback and increase their knowledge of the area they handle. Staff attrition is very low, which is major HR advantage for it.
At ECGC business review is a continuous process. ECGC, through its long experience and
first-hand knowledge of the country risk, has developed an operational model with clear guidelines.
55
EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC) Recently, ECGC also has started working on its own credit rating models for overseas
buyers of Indian goods, which will also enable Indian exporters to understand the strength of the overseas buyers.
It has prepared models of open cover and restricted cover lists. Under the open cover its
branches can decide on the exposure limit of buyers as per delegated powers. The exposure limit is restricted in the case of restricted cover countries. This operational model, while protecting the interest of the institution, sends a kind of message to exporters about the strength of their overseas markets.
Many times, it is difficult to get information about overseas buyers. Sometimes, ECGC has
only their addresses. In many counties, it depends on outside agency for information.
For recovery it totally depends on overseas agents. Though ECGC is an institution dealing
with exporters interest and foreign clients of Indian exporters, it does not have a foreign office. Now we are planning to open offices abroad, he says. Establishment of foreign offices
will enable it to go for more effective recovery process and understand the market better.
clients.
At the same time, it will also enlarge the panel of agencies who supply rating reports on
In every sense, ECGC is a dynamic organization with a lean structure and high level of
manpower productivity.
With roughly Rs 1.75 crore per employee premium income and clean balance sheet, ECGC
also stands out to be a dynamic commercial organization that reaches its clients through own network and also through alternate channels. Now we have branches/offices in all big cities and SME clusters across the country says
Mr Shankar, who has many plans for the institutions long term growth.
Against IRDA prescribed solvency margin of 1.5 per cent, it maintains 10.5 per cent,
another sign of its strength as an insurer.

56
1. CONCLUSION 2. SUGGESTIONS
57
CONCLUSION
Export Credit Guarantee Corporation of India (ECGC) is a government of
India enterprise administered by the Ministry of Commerce and Industry.
Export Credit Guarantee Corporation of India was setup to enable smoother
functioning of the exporter in India by eliminating risks associated with payments generating from other countries. Being essentially an export promotion organization, it functions under the
administrative control of the Ministry of Commerce & Industry, Department of Commerce, Government of India. It is managed by a Board of Directors comprising representatives of the
Government, Reserve Bank of India, banking, insurance and exporting community. The insurance cover provided by Export Credit Guarantee Corporation of
India also helps the exporters in getting better access to credit facilities from financial institutions. Export Credit Guarantee Corporation of India is the fifth largest credit
insurance company which deals with exports of any country. ECGC provides protection against non-payment by the importers. Because of
this insurance cover, financial institutions are better placed to lend and provide larger credit to the exporters. The company also provides credit ratings and shares information on different
countries and the risks associated with doing business in those countries.
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ECGC recognizes that customers expectations/ requirements/ grievances can
be better appreciated through personal interaction with customers by ECGC officials.
Structured customer meets will give the message to the customers that ECGC
cares for them and values their feedback/ suggestions for improvement in customer service. ECGC is the fifth largest credit insurer of the world in terms of coverage of
national exports. The present paid-up capital of the company is Rs.800 crores and authorized capital Rs.1000 crores.
SUGGESTIONS
ECGC shall take all efforts to abide by and enforce its citizen charter in all its
operations and shall respect and enforce policyholders rights as enshrined in the relevant IRDA document.
Complaints arising on account of lack of awareness among customers about
ECGC services may be avoided through customer interactions and customer awareness programs.
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QUESTIONNAIRE
1. When this bank was affiliated with ECGC? 2. What type of export credit is provides? 3. What is the interest rate on credit? 4. How the officers are trained regarding export finance? 5. Has the global economic slowdown negatively affected in your business? 6. What are your future plans for export promotion? 7. Is there any effect of sub-prime crisis on your performance? 8. How is your experience with ECGC? 9. Is there any foreign office of this bank for export promotion? 10. How is the growth of bank relating to export? 11. What are your future plans in India as well as overseas? 12. What is your experience in various other countries? 13. Are there any RBI guidelines which you have to follow? 14. How ECGC helps to economy of India? 15. How much is your contribution in ecgc export credit?
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ARTICLE
News on: Construction of ECGC corporate office and residential accommodation at Andheri, Mumbai.
SOURCE: http://www.google.com/imgres?q=construction+of+ecgc+office 1600&bih=805&tbm=isch&tbnid=Ux0NrxctraPlPM:&imgrefurl=http://tenders.indiamart.com/details/573 008822/&imgurl=http://2.imimg.com/data2/PS/IM/HTT-342/342_2011-0328_10.jpg&w=655&h=416&ei=nnVDUJnxIcHqrAeE1IDQBA&zoom=1&iact=hc&vpx=361&vpy=155&d ur=1142&hovh=179&hovw=282&tx=162&ty=97&sig=109382907097758228760&page=1&tbnh=115&t bnw=181&start=0&ndsp=29&ved=1t:429,r:1,s:0,i:75
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1. BIBLIOGRAPHY 2. WEBLIOGRAPHY
63
BIBLIOGRAPHY
PRIMARY DATA
Bank of India: - Ambernath Branch Bank of Baroda: - Badlapur Branch
SECONDARY DATA
3. INTERNATIONAL FINANCE Author : V.A. Avadhani 4. ECONOSTER-Exporters credible lifeline Author : N. Shankar
WEBLIOGRAPHY
http://www.ecgcindia.in/en/Pages/ECGCAPHome.aspx http://en.wikipedia.org/wiki/Export_Credit_Guarantee_Corporation_of_I ndia
http://www.scribd.com/doc/34200662/65/ROLE-OF-EXPORT-CREDITGUARANTEE-CORPORATION-ECGC http://agriexchange.apeda.gov.in/Ready%20Reckoner/ECGC.aspx http://www.thehindubusinessline.com/industry-and-economy/banking/article3487002.ece
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What is the role of ECGC?

What is the role of ECGC?

What are the different types of export credit provided by ECGC?

What are the different types of export credit provided by ECGC?

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

WHAT DOES ECGC DO?

Offers insurance protection to exporters against payment risks

Provides guidance in export-related activities

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.

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

CHAIRMAN CUM MANAGING DIRECTOR

Ministry of Commerce & Industry, Govt. of India, New Delhi

Shri V. S. Das Executive Director Reserve Bank of India, Mumbai

Shri M.Rafeeque Ahmed President, FIEO, New Delhi

Shri Vasant Mehta M/s V. Rameshchandra & Company,Mumbai (Exporter)

Shri N Shankar Chairman cum Managing Director

Smt.Geetha Muralidhar Executive Director

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT INSURANCE FOR EXPORTER

A. Turnover Based Shipment Comprehensive Risk Policy - (SCR)

Small Exporter Policy - (SEC)

Specific Shipment Policy - (SSP)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

Services Policy - (SRC)

Export Turnover Policy - (ETP)

Export Specific Buyer Policy - (BWP)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

Consignment Exports Policy - (CEP)

Consignment Exports (Stock-holding Agent) Consignment Exports (Global Entity Policy)

Buyer Exposure Policy - (BEP)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

IT-Enabled Services Policy - (ITES)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

Small & Medium Enterprise - (SME)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

EXPORT CREDIT INSURANCE FOR BANKS

Pre Shipment (PC) -

Whole Turnover Packing Credit - (WTPC)

Branch Wise Packing Credit - (BIPC)

Period Of Cover: 12 Months

Export Credit Insurance For Banks ECIB-INPS(Without Any Exclusion)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

ECIB_INPS (Excluding Cover for Shipments Made Against LC)

Whole Turnover Post Shipment - (WTPS)

EXPORT CREDIT GUARANTEE CORPORATION OF INDIA LTD.(ECGC)

Export Finance (EF)