Headquartered in Mumbai and spread across India, we endeavour to support Indian

Export Industry with our experience, expertise and undying commitment to progress

and advance…

Our Vision:

To excel in providing export credit insurance

and trade related services.

Our Mission:

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.

Celebrating Diamond Jubilee Year 2017

Supporting

Exports

Care

Efficiency

Guidance

Cost

Effectivenes

s

2

Vision and Mission

iAAA rating by ICRA

Export Credit Agency setup under the Companies Act

1956

3

About Us

100% owned by the Govt. of India, under the

administrative control of the Ministry of

Commerce and Industry

Governed by Board of Directors

Regulated by the Insurance Regulatory and

Development Authority of India (IRDAI)

Business Profile

ECGC

Short Term(ST)

Surety Cover

Medium and Long Term (M&LT)

Overseas Investment

Insurance Policy

1. Declaration Based

Policies2.Exposure Based

Policies3.Specific Shipments

Policy 4.Consignment

Exports Policies

Short Term, Medium & Long Term

PC / PS

Fund based Non fund Based

Special schemes 1. Lines of Credit

2. Buyer’s Credit

Exporters Banks/FIs

1. Specific Contracts Policies

2.Specific Shipments

Policies3. Specific Services

Policies4. Construction work

Policy

5

Short-Term Covers for Exporters

Support to Exporters - Insurance

Protecting Indian exporters against commercial & political risks in

realizing export proceeds

Assisting Indian Exporters in managing their credit risks by

providing timely information on worthiness of the buyers, bankers

and the counties

Makes it easy to obtain export finance from banks/ financialinstitutions

Assists Indian exporters in recovering bad debts

7

SCR/SEC/MEP

Factoring MBE / ETP / CSC

SSP / BWP /

SBE

Services / ITES

CGE / CSA

Factoring services

for MSMEs

Policies for

Consignment exports

Policies for service exports

ST Cover for

Exporters

WT Policies for Small and Medium

Exporters

Declaration/Exposure

/ Tailor-made policies

for large exporters

Specific Buyer Policy

Declaration / Exposure-

based Policies

ST Cover for Exporters - Products

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Nationalization, expropriation or

sovereign acts which in their

effects are equivalent to

expropriation

Restrictions imposed by the

government or other entities

directed or controlled by the

government

Payment embargoes or moratoriums

Occasioned by interruption or

diversion of voyage outside

India resulting in additional

expenses

War or other armed

conflicts, revolutions or civil

disturbance or terrorist acts

associated with such events

War Risk

Import

Restrictions

Risk

Expropriation

Risk

Diversion of

Voyage

Transfer

Delay Risk

Political

Risks

ST Policies for Exporters – Covered Risks

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Inability of the LC opening bank

to pay on the due date despite

compliance of LC conditions

Inability of the LC opening

bank to honour the

commitment under the

documentary credit due to its

insolvency

Failure of the buyer to take the delivery of

the consignment resulting in re-import, re-

sale or abandonment

Inability to pay due to

insolvency of the buyer

Inability of the buyer to pay

on the due date due to

commercial reasonsDefault

Insolvency

of LC

opening

Bank

Default by LC

Opening

Bank

Insolvency

Repudiation

Commercial

Risks

ST Policies for Exporters - Covered Risks

Buyer Underwriting Score Card

Business Ability

Financial

Strength

Transaction Behavior

Industry

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Assesses the nature, ownership

structure, legal obligations, payment

behavior of the company

This factor takes into account

the status of relevant industry in

the buyer’s country, product

obsolescence, country ranking

etc

Parameters like financial size

and its health, scale of

operation, debt, liquidity etc.

give true reflection of

financial strength

Various factors capture the real

time transactions of exporters and

buyers with ECGC. Exporters’

experience with the buyer gets

added at regular interval

Country Risk Rating

Economic Risk Evaluation More than 10 factors measure economic conditions

Political Risk EvaluationQuantitative and qualitative data measure political conditions

Economic & Political Trade Relations Measures trade relations with India from

the perspective of exports

ECGC ExperienceProvides the most appropriate historical outlook

Experience of other AgenciesExperience of other credit insurers (International co-operation)

ForecastMeasures outlook of the country

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Rating Explanation

A1 Insignificant risk

A2 Low risk

B1 Moderately low risk

B2 Moderate risk

C1 Moderately high risk

C2 High risk

D Very high risk

Short-Term Covers for

Banks

Support to Lenders

Insurance / Guarantee

• Banks and FIs extend fundbased facilities to theexporters to finance workingcapital needs, viz. pre andpost shipment finance.

• ECAs provide protection tothe Banks and FIs for the nonpayment of the disbursedloan

• It lowers risks for the lenders,since the ECA covers thenon-repayment risk for theloan

• Zero / reduced weighting forcapital adequacy

ECA

Bank Exporter

Guarantee

Trade Finance

Re-imbursement

Insurance

Export Credit Insurance for Banks

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Enhanced Risk Management for Banks

• Flow of adequate credit to exporters back up of

insurance

• Better customer selection through Specific

Approval List of ECGC

• Lower margins / collateral securities

• Lower weights for risk on export credits covered

by ECGC Capital Adequacy

Supports Banks in the event of non-payment

• Increased liquidity for banks through ECGC

claims

• Lower provisioning to the extent of ECGC

coverage

• Post-claim recovery initiatives

Covering export lending of banks

against insolvency and default of

exporters

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Whole Turnover

Cover

Export Finance

/Production

Cover

Individual

Cover

BIPC

Surety Cover

CSC

Finance against

duty drawback / full

production

Customer specific

cover Tailor-made

for Banks

Cover for Non-Fund-based

advances

ST Cover for

Banks

WT Pre-shipment cover

WT Post-shipment Cover

Individual Pre- /

Post- shipment cover

Bank-Branch-wise

cover

ST Cover for Banks - Products

Medium and Long-Term

Covers

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Specific

Policies

Buyer’s

Credit Cover

Construction Works Policy

OII

ECIB: Fund-

based Cover

ECIB: Non-fund

-based Cover

Covers to banks in

India for Buyer’s

Credit Cover

Cover for Non-Fund-

based advances by

banks

Cover for Fund-based advances

by banks

MLT Covers for

Exporters /

Banks

Individual policy covers for

shipments / contract / services

For overseas civil

construction

Overseas Investment

Insurance

MLT Cover for Exporters/Banks - Products

Developments (2016-17)

Multilateral Agreement with BRICS ECAs

Hosted and chaired BRICS Heads of ECAs

meeting and BRICS Technical workshop

Hosted and Chaired G12 Heads of ECAs

meeting

Active role in Berne Union Management and

organizing work shop seminars etc.

Co-operation agreements with International

Export Credit Agencies

New Product - Covers to overseas subsidiary

/ Joint Venture of the parent company in India

under specified MLT Policy

Enhanced support by the Government

through additional capital infusion30

Sixty years of empowering exports

www.ecgc.in

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