Export credit agency

How it is used

Often abbreviated ECA; products, eligibility and public backing differ between agencies.

Example sentences

1. The export credit agency guaranteed part of the foreign buyer's financing.

   Official support can share the lender's export-related exposure.

2. The exporter asked the export credit agency which transactions were eligible.

   Support is provided within defined programme criteria.

Common collocations

• export credit agency guarantee
• ECA-backed financing

Related terms

• trade financeBanking products that help importers and exporters pay and get paid safely, and that finance goods while they are produced, shipped or sold.
• guarantorA person or company that promises to repay a loan if the borrower cannot. The lender can then ask the guarantor to pay.

More terms: Trade Finance

• letter of credit
• letter of guarantee
• documentary collection
• bill of exchange
• forfaiting
• aval
• nominated bank
• reimbursement bank
• transferable letter of credit
• back-to-back letter of credit
• payables finance