f an export sale is covered by the FGP payment guarantee, what kind of terms can an importer expect from their bank?
Importers should keep in mind that CCCs guarantee covers only the financing arrangements extended to the their bank. Extension of credit (the repayment time, intervals between payments and the interest rate) by the financial institution in the United States to the importers bank does not mean that the importer will receive the same credit benefits from their bank. Credit (perhaps in local currency) extended to the importer by their bank is strictly a matter for negotiation between the importer and that bank.
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