How does an importer find out which banks can participate?
A. CCC announcements of new coverage may include the names of approved banks. This is typically the case when there are only one or two. If numerous banks are approved, announcements usually do not name specific banks, but simply refer to “any bank in (the country or region) approved by the CCC.” Banks that have been approved are notified of the maximum outstanding amount the CCC is willing to guarantee for that bank. For assistance in seeking the names of approved banks, contact the U.S. agricultural counselor or attach in the importing country, or the commercial or economic counselor at U.S. Embassies in countries where USDA does not have a resident agricultural counselor or attach. Q. How is financing arranged? A. An eligible bank for the importer’s country or region establishes a credit line with an eligible financial institution in the United States, the terms of which can be made consistent with terms of coverage announced by the CCC for the importing country. The importer negoti
